B2C Reporting:Threshold for interstate supplies reduced to Rs.1 lakh. GSTR-4 Due Date:Extended to 30th June from FY 2024-25 onwards. TCS Rate Reduction:Lowered to 0.5% (0.25% CGST/SGST). Mandatory Filings: GSTR-7:Mandatory filing even with no TDS, no late fee for nil filing. ...
GST on Live sheep and goats is nil rate. No GST payable on sale of Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. Other live animals such as Mammals, Birds, Insects] falls under GST exemption list Concessional rate of GST ...
The Singapore Government has announced that the GST rate will be increased from: • 8% to 9%, with effect from 1 Jan 2024 For an overview of the GST rate increase, please refer to thisIRAS webpageand theire-Tax Guide. As a GST-registered business, we will be charging the following ...
In cases where you have only collected GST at a rate of 8% on supplies made on or after 1 Jan 2024 (for example, due to system update delays), you are still obligated to account for GST at 9% in your GST return. To do this, you can calculate the output tax payable by using the...
Example of GST Rate Calculation on 24 Carat Gold Purchase Here is an example scenario of GST rate calculation on 24 carat gold: You purchase 10 grams of 24 carat gold at a price of Rs. 7,000 per gram. The making charges for the gold jewelry are 15% of the gold value, and the gol...
The following is a list of a few of the GST service accounting codes. You can find the current GST Rate for service in Chapter 99 of the SAC Codes & GST Rates for Services. How Deskera Can Guide You? Discover how you can combine accounting, finances, inventory, and much more, under ...
It is official: the two-month GST/HST break on certain “holiday essentials,” effective from December 14, 2024, to February 15, 2025, received Royal Assent on December 12, 2024. During the eligible period, the tax rate for certai...
GST Rate on Mobile Accessories with HSN Code GST on Mobile Phone Repair Services and Spare Parts GST Calculation on Mobile Phones When are SGST, CGST, and IGST Applicable on Mobile? How is the Value of Supply Calculated for GST on Mobile Phones? Impact of GST on Mobile Phone Prices Can IT...
As you may be aware, Singapore’s Goods and Services Tax (GST) rate will increase from 8% to 9% from 1 January 2024. In line with that, the GST rate applicable to all Standard Chartered Credit Card Annual Fee and Transfer Fee will increase to 9% from 1 January 2024. Please refer to...
Singapore GST is a tax charged on the supply of goods and services made in Singapore and on the importation of goods into Singapore. The current rate forGST is 8%, and will increase to9% from January 2024. What Goods and Services Are Subject to GST?