In Royal Lion Capital Pty Ltd and Commissioner of Taxation [2021] AATA 3049 the Tribunal affirmed the Commissioner’s decision to to register the applicant for GST on the basis that it had exceeded the GST registration turnover threshold of $75,000 from 1 April 2018 and that it was carrying...
In Royal Lion Capital Pty Ltd and Commissioner of Taxation [2021] AATA 3049 the Tribunal affirmed the Commissioner’s decision to to register the applicant for GST on the basis that it had exceeded the GST registration turnover threshold of $75,000 from 1 April 2018 and that it was carrying...
How much is the fees for GST registration? “No fee”is required for registering your business under GST. Who is not eligible for GST registration? Small businesses with annual turnover below the specified threshold limit (currently ₹20 lakhs for most states, ₹10 lakhs for special category...
GST Registration GST registrationis a vital requirement for businesses operating in India. If the business turnover exceeds the specified threshold limits or falls under any specific categories mandating GST registration, you must complete the registration process to comply with the GST laws. ...
Australia – GST on imported low value goods • India – GST provisions pertaining to e-commerce operators • New Zealand – proposed GST on low-value imported goods • Singapore – Overseas vendor registration regime • South Korea – Proposed VAT on cloud computing services provided by ...
Threshold Exemption: Small businesses with a turnover below a specified threshold (currently, it is 20 lakhs: supplier of both goods & services and 40 lakhs: for supplier of goods (Intra–State) in India) are exempt from GST. Present Challenges in GST Rates Complexity and Confusion: The exis...
The MGL provides that every operator has to register at GST portal irrespective of the threshold limit specified for the registration for GST. This is the biggest disadvantage for small retailers as they work on fixed working capital and will have to pay taxes and apply for a refund later whic...
Businesses might not meet the tax registration threshold at the country level but still need to register to collect provincial taxes in Manitoba, Saskatchewan, and British Columbia. Calculating and collecting GST The GST rate is 5%, and the HST rate is 13% in Ontario and 15% in New Brunswick...
The threshold for GST registration is an annual turnover exceeding SGD 1 million. GST reports are filed on a quarterly basis. Singapore Real Estate Property Tax The tax is imposed on owners of land and buildings in Singapore. The 0%-20% tax rate is imposed on the assessable value of the...
"Turnover" for these purposes excludes turnover from input taxed (exempt) supplies, supplies that are not "connected with Australia", and certain other types of supplies. Voluntary Registration An entity whose turnover is below the registration threshold may apply to register for GST voluntarily ...