The 52nd GST council has recommended clarity w.r.t personal guarantee given by a director and Corporate Guarantee including GST taxability on the same. This has been a long pending issue.
In the case of a supply of services, the time of supply is when the services are performed. A service is considered “performed” when the work is done or completed by the supplier of services. The time of supply rule based on the basic tax point is then var...
GST Guide group and associates of Fifty qualified and experiences Professional includes Chartered Accountants , Company Secretary , Cost Accountants , Lawyers and MBA's with more then hundred supporting team members regularly updating on the subject of Indirect Tax. GST Acts THE GOODS AND SERVICES TAX...
GST on Corporate Guarantees: Understanding the new regime July 17, 2024/0 Comments/in Financial Services, Good & Service Tax (GST), Indirect Taxes, Taxation /by Payal Agarwal –Payal Agarwal, Associate | corplaw@vinodkothari.com The debate around levy of GST on corporate guarantee extended with...
If the Registration is on a voluntary basis, then E-learning courses must be completed by the company director, sole-proprietor, partner, or trustee. Submission of Application The third step is the submission of the application for GST Registration in Singapore. The Registration application can eit...
Such services remain outside the purview of GST and hence will not be taxed on RCM basis. Services supplied by the director in capacity of a professional - If sitting fees, travelling and incidental expenses, commission or other remuneration is paid to independent director, who is not the ...
Deciding to register for GST early is a big move and one that could have a big impact on your business — good or bad. As with any business decision, it’s wise to seek out tax advice from a tax professional. When in doubt, contact the Australian tax office directly and see if they...
This section is of importance for all those businesses who are looking to employ the services of a GST practitioner or any other tax expert to handle their returns filing on the GST portal. Accordingly, this page should be filled up, while taking a new registration under GST. ...
Click to 'Services’ > ‘Registration’ > ‘Track Application Status’. Enter your ARN number and Captcha code. Next click on the SEARCH button. Finally, you will receive any of the following GST registration statuses on your screen:
It also appears that this form of transaction may have occurred on multiple occasions, with the same gold being purchased, mutilated or melted, and sold repeatedly – with no GST being paid by the fraudulent participant. In the context of VAT generally, this is known as “missing trader” ...