However, the export of goods is a zero-rated supply and, therefore, GST is applied at the rate of 0% on the sale of goods to the distributor in Japan. EXAMPLE 2 Happy Sdn Bhd does not produce specialised chairs. Therefore, where it receives orders for such c...
During the eligible period, the tax rate for certain products and menu items will be 0%, meaning no GST/HST should be charged. Retailers, manufacturers, wholesalers, importers, and restaurants will have to assess the impact of these ...
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“The convenience of working from home has also brought along additional expenses for employees, such as investment in high-speed internet, power back-up, setting up a home-office requiring work chairs and desks, electronic accessories, and air conditioning to maintain efficiency. Some employers hav...
Union Finance Minister Nirmala Sitharaman chairs the 55th meeting of the GST Council, in Jaisalmer(PTI) Penal charges here refer to fees imposed on borrowers for not complying with loan conditions, such as missing an EMI payment or violating repayment schedules. ...
According to existing arrangements, for instance, if the tax rate is 18%, 9% CGST will go to the central government, whereas 9% SGST will be credited to state government accounts for intra-state transactions. On the other hand, inter-state transactions are dealt with under integrated GST or...
However, the export of goods is a zero-rated supply and, therefore, GST is applied at the rate of 0% on the sale of goods to the distributor in Japan. EXAMPLE 2 Happy Sdn Bhd does not produce specialised chairs. Therefore, where it receives orders for such ch...