Goods and Services Tax ("GST") will be implemented by the Government of Malaysia with effect from 1 April 2015, at a rate of six per cent. Following the rules and regulations, both Standard Chartered Bank Malaysia Berhad ("SCBMB") and Standard Chartered Saadiq Berhad ("SCSB") or collectiv...
This change has posed some challenges for startups, as they have to adjust to the new tax regime and comply with the GST rules and regulations. Advantages of GST for Startups Reduced cascading effect of taxes, as GST eliminates the multiple taxes levied at different stages of production and...
It functions by registering taxpayers, collecting taxes at the point of consumption, allowing input tax credit, and filing returns. Compliance with GST rules and regulations is important for businesses to avoid penalties and ensure smooth operations. The GSTN plays a crucial role in managing the ...
This includes addressing the competency of RMCD officers and businesses on the rules and regulations, minimal rules and exception to the rules, a simplified GST computations for mixed supply and a systematic refund process. Originality/value The research method used is a flexible and powerful tool ...
now the CBIC has declared that such businesses can self-certify their GST return. GST returns can be filed on your behalf by a CA and but it is not mandatory for businesses. As GST rules and regulations are many, it is advisable that businesses hire a CA or a software tool that eases...
AdSense and YouTube Income: Those bloggers/publishers whose income source is AdSense as well as YouTube, they are also exempt from any GST rules and regulations. No need to pay GST for that blogger. Affiliate Income: If you have joined affiliate program to earn commission on every purchase ...
GST refunds may not be requested under certain conditions. Here are some typical circumstances when GST refunds may be restricted or denied, while the specific rules and regulations may differ between countries: Generally, costs not qualified for a refund following the tax authority's rules cannot ...
e-Way bill rules for SEZ When goods are being moved from one place to another, ane-way billis mandatory under the GST rules and regulations when the consignment value is more than Rs. 50,000. This is because the supplies from an SEZ are considered the same as inter-state supplies. ...
Compliance issues: The GST system is relatively new in India, having been implemented in 2017, and there have been several issues with compliance and interpretation of rules and regulations. Complex adjudication hierarchy: The current dispute resolution mechanism involves multiple layers of adjudication,...
Her responsibilities include in-depth research on market trends, understanding the complexities of Goods and Services Tax (GST) regulations, and translating this knowledge into product-level business strategies and validation rules. Apart from her strategic contributions, Ashwini is actively involved ...