In 11 particular category states, the Rs 20 lakh limit is reduced to Rs 10 lakh. Similarly, the total turnover of all supplies made by you would be combined to compute aggregate supplies. In addition, theGST rateon commercial property rentals will be 18 percent. Rental revenue from a res...
You operate several commercial and residential rental buildings in Ontario. You pay GST on the purchase of a tractor for use primarily for the residential buildings (non-commercial activity). You cannot claim an ITC for this purchase and you are not entitled to any refunds or rebates. ...
In Toyama Pty Ltd v Landmark Building Developments Pty Ltd [2006] NSWSC 83 the New South Wales Supreme Court considered the GST treatment of the sale of disused residential property with a development approval for the erection of a 14-unit development upon the land. A house was built upon p...
2. Non-Taxable Supplies 2.1Exempt Supplies (GST is not applicable) Goods: Sale and rental of unfurnished residential property ,Importation and local supply of investment precious metals. Service: Financial services, E.g. issue of a debt security ...
At the heart of the issue was s 114 of the Constitution which prohibits the Commonwealth imposing “any tax on property of any kind belonging to a State”. To address this prohibition, when the GST was introduced the States and the Commonwealth entered into an “Intergovernmental Agreement” ...
HST NEW RESIDENTIAL RENTAL PROPERTY REBATE If you are a resident of Ontario, Quebec, or British Columbia and you purchased a new residential rental complex within the last...(Read more) HST NEW HOUSING REBATE FOR OWNER-BUILT HOME If you are a resident of Ontario, Quebec, or British Columbia...
Sales and rental of unfurnished residential property Importing and supplying investment precious metals such as gold, silver and platinum Private transactions Sales of goods not brought into Singapore Sales made within the Free Trade Zone (FTZ) Sales within a Zero GST Warehouse Services Financial servic...
Non Residential Taxable Person A non-resident taxable person is someone who, while not having a fixed place of business or residence in India, occasionally engages in transactions involving the supply of goods or services, or both, in the course or furtherance of their business, whether as a ...
Sale and rental of unfurnished residential property Note: If you supply furnished property, the rent on the furnished item should be charged separately with GST where applicable. Sale where goods are delivered from overseas to another place overseas. Services Most local provision of services would ...
The same applies if you create a business entity, building, or property by copying from an existing one. Note You do not need to specify a business place for rental objects because this value is inherited from the higher hierarchical level. Ensure that you have the address entered in the ...