The applicant paying dollar for dollar amounts as components of GST-informed purchase prices, in a setting where for the applicant, only refining profits were generated, suggests the manner of execution test does not point to a dominant purpose of the applicant or any other participant in enter...
Dear sir, We are an Air Travel Agent of a Foreign Economy Class Airline called Air Manas based kryzkistan. We are buying tickets from the Air Lines by making payment in foreign currency. Since the Airline is not in the taxable Territories , do we have to pay GST on RCM basis on purc...
The applicant paying dollar for dollar amounts as components of GST-informed purchase prices, in a setting where for the applicant, only refining profits were generated, suggests the manner of execution test does not point to a dominant purpose of the applicant or any other participant in enter...
On the date of purchase, within the prior 3 months, or on the date you submit your GST refund claim at the airport, you don’t possess any passes that allow you to work or study in the country for an extended period of time. Additionally, you must not possess any Identification Card ...
2. Purchases and imports made in foreign currency In the tax invoices of suppliers, the GST amount should be converted into Singapore dollars using the exchange rate provided by approved sources. GST registered companies should claim input tax based on the Singapore dollar amounts stated on the ...
Inter se sale or purchase of foreign currency amongst banks or authorized dealers of foreign exchange or amongst banks and such dealers; Services by way of transportation of goods By road except for the services of: A goods transportation agency; A courier agency; By inland waterways; Services...
• These codes also flow in purchase lines and sales lines, based on the item or service selected. However, the user can edit the codes in the respective documents. c. Place of Supply: • Place of Supply is the place where services are deemed to be provided or goods are deemed to ...
Export incentives are certain benefits exporters receive from the government as acknowledgement for bringing in foreign exchange and as compensation for the costs they incur.
Since in foreign exchange conversion transaction value of transaction is very high as compared to the commission charged for converting one currency to another, so, there are 2 methods for valuation of supply of services in relation to the purchase or sale of foreign currency, including money chan...
ii) the service recipient is based outside of India; iii) the location of the service's provision is outside of India; iv) the payment for the service was received by the service provider in convertible foreign currency or in Indian rupees, as permitted by the Reserve Bank of India; v)...