Who Has to Pay GST? In general, goods and services tax (GST) is paid by the consumers or buyers of goods or services. Some products, such as from the agricultural or healthcare sectors, may be exempt from GST depending on the jurisdiction. How Is GST Calculated? The goods and services ...
The Court observed that: there was no contemporaneous evidence that the Trust conducted, or was legally able to conduct, a practice entailing the provision of legal advice; there were no trustee resolutions or board papers or other documents to support a conclusion that the Trust provided legal a...
Some of the other items to have lost their tax-exempt status include bank cheques, maps and atlases, hotel rooms that cost up to ₹1,000 a night, and hospital room rents of over ₹5,000 a day. The pre-packed items weighing over 25 kg would not attract GST. Why such move? This...
GSTIN has replaced all state VAT laws and unique TIN numbers to become the unique identification number for the business. It acts as the legal recognition of the business entity and helps build trust among customers and business partners. Anyone with a GSTIN number can easily log in to the ...
Where the above grounds are satisfied, the services provided by director in such cases shall be exempt under Schedule III of CGST Act, 2017. However, if the remuneration is declared as any expense other than salary say professional fees, and TDS is deducted under section 192J of IT Act (Fe...
Rationalisation of definition of 'dividend' for treasury centres in IFSC Simplified regime for fund managers based in IFSC Amendment of Section 10 related to Exempt income of Non-Residents Inclusion of retail schemes and Exchange Traded Funds (ETFs) in the existing relocation regime of funds of ...
Rationalisation of definition of ‘dividend’ for treasury centres in IFSC Simplified regime for fund managers based in IFSC Amendment of Section 10 related to Exempt income of Non-Residents Inclusion of retail schemes and Exchange Traded Funds (ETFs) in the existing relocation regime...
Hence, educational institutions are not exempt from GST Read More 01 Jan 1970Posted By: E-StartupIndia Annual GST Return Filing Due Date Extended Further Recently at the 35th GST Council Meeting that was held on 21st June 2019, the due date for Annual GST Return filing was extended. The ...
Question 3: My turnover is less than Rs. 20 lacs for both exempt, taxable, inter state and intra-State services. Do I need to register? Answer:No, you do not need to register, since your turnover is less than Rs. 20 lacs.
DELAWARE TAX TRAP OPENS DOOR TO HIGHER BASIS FOR TRUST ASSETS (AND AVOID GST TAX PROBLEMS WITH NONEXEMPT INDIRECT SKIP TRUSTS)power to take the assets out of trust, thereby additionally permitting the assets to remain protected from the beneficiary's creditors. Methods may be ...