Gujarat Authority of Advance Ruling (AAR) has mentioned that the Selling of machinery to bring 18% GST on commission income from Japan in foreign currency. The petitioner is the owner of Dharmshil Agencies where the agreement has done with Tsudakoma Corp
The Maharashtra Appellate Authority of Advance Ruling (AAAR) declared the AAR’s governing and endured that 18% GST rate The petitioner was Mr Vilas Chandanmal Gandhi, who is the owner of the property lie amid of PMC and wanted to construct the property
The validity of above information and amendments about GST rate on picks may be verified before any business dealing.GST for sale of Spoons, Forks, tools and base metal partsZero rate of GST on sale of timber wedgesZero percent GST on purchase or sale of SpoonsNil rate of GST on sale of...
GST Rate If the taxpayer knows the HSN code, they can easily find the applicable GST rate. GST Invoice During issuing of an invoice for goods and services, the seller has to mention the HSN code GST Returns While filing GST returns, a taxpayer has to provide the HSN summary. Conclusi...
This was a very controversial decision that led to protests by the industry. Over 100 skill-gaming companieswrote a letterto the government, arguing that it would “reverse the growth trajectory of the industry.” The letter claimed that the GST would “encourage offshore gambl...
In the GST-05 declaration report, box 1 refers to the value of the supplies that are subject to GST at the standard rate of 7 percent. The value that you enter in this box should not include the GST amount that is charged.If the sales code that you created supports the standard rat...
GST overview GST is a tax, usually 10 percent, on the supply of most goods, services, and other products consumed in Australia. GST is charged at each step in the supply chain. However, if you are registered for GST, you can claim input tax credits from the Australian Taxation Office (...
When posting the general journal entry by using Account type as project and Offset account type as a vendor with the load on inventory and a reverse charge of 100 percent, the system doesn't allow the entry and the following error displays, “The transactions on voucher INMF-00545 do not...
The GST HSN helps in taxation purposes in identifying the HSN code wise GST rate applicable to a product in a country TheHSN code under GSTis also used to determine the quantum of item traded or imported all through a nation HSN Code List for GST India ...
Preparing for 15 percent: Donna Harkness has advice for business owners looking for a smooth transition to the new GST rate in October.(On Accounts)Harkness, Donna