Under certain conditions, you can claim up to SGD1,000 with a valid tax invoice, applicable only for food and drinks. Travelling costs You can claim input tax for pay per trip chauffered private hire cars, such as limousine services. General insurance for your business Input tax claims for ...
Additionally, there will be an added compliance burden as they will have to keep two separate books of accounts - one for their normal business and second for the business done through these platform aggregators. For the food aggregators, this scheme will increase the burden of compliance ...
Generally, essential products such as basic food items, electricity up to 300 units, treated water for domestic consumption and essential medicines are zero-rated. In order to ensure Malaysian products and services are competitive outside of Malaysia, exported goods and se...
This allows a business to grow and unlock cash that is tied up in future income Receivables Finance A tool that businesses can use to free up working capital which is tied up in unpaid invoices. Purchase Order Finance This is commonly used for trading businesses that buy and sell; having su...
Dear Sir/Madam, Food and Supply is appear both in the List of Goods and in the List of Supply - rate of GST is mentioned as 18%; we need to charge twice or once. it means 18% or 36% lodhaps:On 25 June 2017 how to make tax invoice for pharma export:1. what is the rate to...
There was also a down sale report from the business units across the nation. While the food-grain sector is under hardship for the sales as it reported a flat 30 percent drop down in the sales starting from the month. The Bengaluru Wholesale Foodgrains and Pulses Association Ramesh Chandra ...
for one financial year. LET's START frequently asked questions Q. Is GST return filing mandatory in case of no invoicing/no business? Yes. GST Returns must be filed according to the GST law. GST return filing is mandatory, irrespective of whether or not any transaction has been recorded in...
Food and beverage limitations: Although pre-made meals and beverages sold for immediate consumption may qualify for the GST/HST exemption, several exceptions apply. GST Holiday Challenges for Small Business Owners While the tax holiday is meant to be a consumer-friendly initiative, implementing it is...
Goods and Services Tax (GST) is a tax applied by a business on the sale of particular products and/or services provided to customersInvoicing and accounting software like Debitoor makes it easy to apply GST to your invoices and includes automatic calculations. Try it free for 7 days....
The goods and services tax (GST) is anindirect federal sales taxthat is applied to the cost of certain goods and services. The business adds the GST to the price of the product, and a customer who buys the product pays the sales price inclusive of the GST. The GST portion is collected...