without GST) and was subsequently mutlilated or melted down by an entity in the supply chain so that it was in taxable form when sold to the refiner and on a plus-GST basis; and
GST on Caramel Popcorn in Theatres Remains at 5%, Govt Clarifies 28 December 2024 at 09:01 Amid social media uproar over an 18% GST allegedly being imposed on caramelized popcorn, government sources clarified on Tuesday that popcorn sold in theatres will continue to attract a GST rate of 5%...
No GST payable on sale of Judicial, Nonjudicial stamp papers, Court fee stamps when sold by the Government Treasuries or Vendors authorized by the Government, Postal items, like envelope, Post card etc., sold by Government, rupee notes when sold to the Reserve Bank of India & Cheques, lose...
Tax details must be set up to calculate GST on each line item sold or purchased. • Taxable supplies • GST-free supplies • Input taxed supplies You can enter BAS assignments for the tax details that will determine which amounts should be printed in each field on the BAS. You can ...
GST is charged on a wide range of goods and services but is not applied to basic grocery food items. Exempted items are known as zero-rated because their tax rate is zero. The GST percentage is charged on the sale of goods and services that are made or sold in Canada. This includes ...
Gst on office(27) Gst on royalty under rcm(22) Itc credit for raw materials sold as scrap(20) 16(4) time limit(19) Non issue of tax invoice by registered gta(16) Itc reversal on fixed assets written off in the books(15) Gst on supervision charges(15) ...
If a motor car is imported by company X and was bought at S $ 100,000 onFree on Board (FOB), it incotermsthe overseas freight, handling, and insurance charges to ship the car to Singapore cost S $ 1,000. Assumingthe excise dutyfor motor cars is 20% of the customs value, the to...
Qualified prepared food and beverages sold for a total of $4 and under Print newspapers Children's clothing and footwear Children's car seats and car booster seats Diapers Feminine hygiene products Books (including audio books) GST/HST registrants who provide taxable goods or services have to cha...
Car and Motorcycle Seats GST on car seats (HSN 9401) increased from 18% to 28%, aligning with the rate for motorcycle seats. GST Rate Changes for Services Life and Health Insurance Group of Ministers (GoM) to be constituted to study GST issues related to life and health insurance. Report...
will only pay the 5 per cent federal portion of theHST. These include print newspapers, books (including audio books), diapers, children’s clothing and footwear, children’s car seats and booster seats,feminine hygiene products, and qualifying prepared food and beverages sold for $4.00 or ...