As you run your business in Singapore, there may be times when you’ve incurred the GST to purchase or import goods to keep the company running. This is known as an input tax. Under certain conditions, you can claim this input tax from the government in the right accounting period. The ...
The gold jewelry GST rate applicable Example of GST on Gold? Suppose you purchase 25-gram of gold jewelry, you will have to pay accordingly. Check this table below that compares pre-GST and Post-GST: TAX Price Pre-GST System Price Post-GST System Price of 25gm of gold Rs. 100,000 ...
GST is a value-added tax levied on supply. GST offers an extensive and continuous chain of tax set-offs. The supplier at each stage can use the input tax credit of GST paid on the purchase of goods and services. The business can set off this Input Tax Credit (ITC) against the GST ...
Previously the tax paid on inputs for the export of exempt items was eligible for a duty drawback, however with a complicated refund application process. To clear any ambiguity regarding the reimbursement of tax paid on exports, the Indian government provided a guidance note to clarify claiming...
sugal:On 07 June 2017 we would to like export bathroom accessories and kitchen accessories to europe countries. so kindly brief about gst for those products... is there any excemption for that Fair Value:On 08 June 2017 We provide Silver and Gold Electroplating job-work services. However, we...
Easily reconcile GSTR 2A without logging in to GST portal frequently. Download GSTR-2A auto-populated purchase bills in order to match them in Marg GST software Tax Clubbing Automatically club together both input & output tax of a particular month and further pass a general entry at the end ...
It includes a list of items, date of purchase, date of shipment et Read More 01 Jan 1970Posted By: E-StartupIndia Consequence of Not filing of GST Return Every GST constraint in India needs to file his/her GST returns depending upon their annual turnover. In a recent announcement on ...
It includes a list of items, date of purchase, date of shipment et Read More 01 Jan 1970Posted By: E-StartupIndia Consequence of Not filing of GST Return Every GST constraint in India needs to file his/her GST returns depending upon their annual turnover. In a recent announcement on ...
gold refiners acquired gold in a “taxable” form (ie, not in “investment form” which would be input taxed) and paid a price plus GST for the gold; that gold was acquired by the suppliers (or by another entity in the supply chain) in “investment form” (ie, without GST) and was...
Back2Basics: GST Input Tax Credit Input Tax Credit means claiming the credit of the GST paid on purchase of Goods and Services which are used for the furtherance of business. The Mechanism of Input Tax Credit is the backbone of GST and is one of the most important reasons for the introduct...