All goods other than in frozen state and put up in unit containers is exempted to pay GST. GST concession on Meat of bovine animals, fresh and chilled. No GST payable on Meat of swine, fresh or chilled. GST on Meat of sheep or goats, fresh or chilled is nil rate. No GST payable o...
Under the Import GST Deferment Scheme, your business can pay the GST on imports when submitting the monthly GST returns. This indicates GST payments can be done after the importation process. Things to note on the GST rate change from 8% to 9% on 1 Jan 2024 When you are required to ...
Sir Tipper’s rent received the rate of tax? Tipper charges the rate of tax Reply SAG Infotech September 21, 2020 at 4:51 pm 18% Reply Shweta bansal August 20, 2020 at 7:51 pm I want to get updates of GST on a regular basis Reply SAG Infotech August 21, 2020 at 11:21...
GST council in the direction of giving some liberation to the e-commerce sector taken the step to cap the rate ofhighly controversial TCSin the clause of managing e-commerce industry which requires the companies to deduct some percentage of total sales before handing over the amount to the sell...
QuickBooks is pre-filled with the South African VAT rate of 15%. You can also easily add and edit your own tax rates to suit your business. When you’re ready to submit your VAT claim, QuickBooks prepares an accurate activity statement to assist you with filing to SARS. Every time you ...
GST is levied on the supply of goods and services, and the tax rate varies based on the type of goods and services being supplied. GST is a destination-based tax, meaning the tax revenue goes to the state where the goods or services are consumed. The GST council, consisting of the ...
Goods and Services Tax (GST) is a tax added on top of goods and services sold for domestic use. As a flat tax rate across most products and services, the idea of implementing it is to simplify the tax system and reduce tax avoidance. What is an Australian Business Number (ABN)? An ...
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...
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9. Reconciliation of rate wise liability and amount payable thereon The table provides for the reconciliation of tax paid as per reconciliation statement and amount of tax paid as declared in Annual Return (GSTR 9). Under the head labelled ―RC‖, supplies where the tax was paid on reverse...