Also, there were several GST compliance changes including a new advisory regarding the reporting of taxable supplies of restaurant services among other important updates. Get all the information here: Top GST News of the month. While it’s the new year, we still need to take care of our GST...
Composition Scheme for Small Business and Services Suppliers The scheme envisaged for the small businessmen who are a supplier of goods and restaurant services. In this, business with turnover up to Rs. 1.5 crore required to pay taxes equal to 1–5% on the turnover and required to make quart...
But context matters: basic foods (like bread rolls) will be taxed when eaten in a restaurant. See the full list of GST exempt sales on the ATO website. How to register for GST in Australia Choose from these options: Register for GST online You can register for GST with the government...
GSTN has issued an update to inform about the details of new functionalities made available on GST Portal in November 2021. These functionalities pertain to different modules such as Registration, Return, Refund, Appeal and other miscellaneous topics. The major functionalities which have been enab...
Question No. 51: I am restaurant owner and also have supply of some other services worth Rs. 1 lakh. Am I eligible for Composition scheme ? Answer: No.Please refer toSection 10 of CGST Act. Question No. 52: Challan for Job work in form ITC-04 needs to be filed by 25th of next ...
As of May 1, 2010 businesses that sell goods or services to be delivered, installed or performed on or after July 1, 2010 are required charge HST. Which businesses will need to charge HST? HST will apply to goods, services, real property and intangible property, such as contractual rights...
Also, there were several GST compliance changes including a new advisory regarding the reporting of taxable supplies of restaurant services among other important updates. Get all the information here: Top GST News of the month. While it’s the new year, we still need to take care of our GST...