What is GST & GST Registration The GST, or goods and services tax, is a tax of 10% that’s placed on many items in Australia. This tax (as of writing in March 2023) is required for any for-profit organisations, sole traders, businesses that have an annual turnover of over $75,...
You are required to apply for GST registration: Within 30 days of the end of that relevant quarter*. Within 30 days from the date on which you made a forecast that your taxable turnover for the next 12 months will exceed S$1m. Your date of registration will be: End of the month fol...
ONE PERSON COMPANY REGISTRATION Read More >> LIMITED LIABILITY PARTNERSHIP Read More >> SOLE PROPERTIORSHIP Read More >> NIDHI COMPANY OR SECTION 8 COMPANY Read More >> WhyChoose Us ? Helping traders and businesses to be professional in all fields of industry ...
The Tribunal considered the factors in s 165-15 and concluded that it was not reasonable to conclude that to conclude that any of the persons who entered into or carried out the scheme or any part of the scheme did so for the sole or dominant purpose of enabling the relevant taxpayer to ...
GST rate is uniform for all traders having GST registration. Effect on the price of smartphones: GST resulted in the production of phones and phone accessories more expensive as they perform under cheaper tax rates due to privileges given supporting the government's 'Make in India' policy. On...
GST registration has indeed become a solution for all hindrances related to smooth business growth. Although every business having aggregate turnover beyond INR 40 Lakhs needs to get registered under GST, there are numerous benefits of voluntary GST registration procedure. Sometimes, the already regis...
The whole process of GST, be it registrations or fillingGST returns, all can be done online within a few taps and it’s super simple. Apart from registration and return filing you also have the option to apply for refund online, respond to notices, and file consumer grievances. ...
In October 2016, the applicant applied to cancel its GST registration and a plan of subdivision was registered in June 2017. 10 of the lots were sold with settlements occurring between June and November 2017. Each lot sold for a price in the order of $1m. The question was whether the ...
Choose from being a limited company or sole trader; the majority of UK Uber drivers go for the latter. Sole traders pay tax along with National Insurance. Tax is paid at the same rate as those who are employed, but the National Insurance rates differ. Both Class 2 and Class 4 National ...