Year in Review | 2022 by Shilpa Dhobale in GST Updates Publish on December 26th, 2022 Year in GST | IRIS GST | 2022 Year End Wrap | Revisiting how the year 2022 treated us and more importantly what we were able to achieve for our clients, our users, and our partners. More Share...
It’s been 5 years since GST was introduced and 2022 was the year of ITC (Input Tax Credit). Some major changes such as ITC disclosure in GSTR 3B, stricter rules for GST compliance etc. were brought into effect through the year 2022. There were two GST Council meetings this year and ...
Over the past month, authorities enforced shutdowns in Ambala, Haryana, in response to planned farmer protests. They also extended the shutdowns across seven districts in Manipur to “thwart the design and activities of anti-national and anti-social elements.” This year’s decrease resulted ...
The tax was introduced in the year 2017. The tax has replaced all the other indirect taxes, like Value Added Tax (VAT), and compressed them into a single tax. GST (Goods and Services Tax) is charged by the government in slabs. The present slabs are 5%, 12%, 18%, and 28%. GST...
As a business either based in Singapore or a foreign business with transactions with Singaporeans, you may be affected by the GST rate change due to the following. Based in Singapore Based overseas Retrospective view - Your taxable turnover at the end of the calendar year is more than SGD1...
What will be the GST rates for Air source heat pump & it's HSN code is 84186100. Actually this product is in renewable energy and you can take 80% deprecation in first year in commercial application as per IT rules. Mir Mudasir Khaliq:On 23 June 2017 ...
Good and services tax (GST) collections in August surged to 10% from the same period of the previous year to Rs 1,74,962 crore, according to the government’s official statement. The same rise was noted in all categories- Central GST (CGST), State GST (SGST), Integrated GST (IGST),...
Select relevant GST registration number inGSTIN No.field for which reconciliation needs to be done.Month,Year,Posting Datefields should not be blank. GST Recon. Tolerancefield will be updated with the value mentioned onGeneral Ledger Setup. ...
In the first full financial year of operation its net revenue from car sales was $4.39 million. It had a sales office at the premises. It also sold cars online. The taxpayer marketed the museum as a tourist attraction through its website and in social media; it was said to be a ...
's a type ofvalue-added tax (VAT), meaning that it's applied at each stage of the supply chain, is included in the final total cost and is ultimately paid by the end customer. InAustralia, for example,net GST cash collectionstotalled AU$73.6 billion during the 2021–2022 fiscal year....