政府对汽车价格超过LCTthreshold的部分(FY2022年普通汽车含GST价格为$69152,节能汽车含GST价格为$79659)征收33%的奢侈税。此奢侈税不能申请抵扣公司收入,也不能申请退回。 ✅ 注意‼️ 虽然车子放在公司名下购买时可以退回GST,但相应的车子卖出时也要上交GST,而且卖出时没有Carlimit的限制。如果车子有私用部分,...
Related Read: GST Registration Limits: Threshold limit for GST Registration for 2025 Who Should Obtain Registration Under GST? Casual taxable person / Input Service Distributor (ISD) Businesses with turnover above the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh as the case may...
GST Registration Limits: Threshold limit for GST Registration for 2025 January 8, 20256 Mins Read The GST registration limits have been significantly changed to simplify… Read More Taxation & Notifications How to Sell Online Without GST Number in India?
As the government is lowering the threshold, you can read our article – why small businesses should look forward to e-invoicing. Also, the GSTN first announced and then postponed the 7-day invoice generation limit rule. However, you can read: How 7-day e-invoice generation limit will Impa...
Higher threshold limit A higher registration threshold was enacted with the implementation of GST norms. Before GST regulations, businesses that have a turnover of more than Rs. 5 lakhs (which varied by state) were subject to register for Value Added Taxes (VAT). Under the new GST regime, ...
GST registration is mandatory for businesses whose annual turnover exceeds a certain threshold limit. It allows businesses to collect and remit GST to the government. Know more: What is the annual turnover threshold limit for GST registration? Q. Who is eligible for GST registration? Any busine...
A taxpayer registered under GST has to file his/her GSTRs on a monthly or quarterly basis in addition to one annual return if his turnover surpasses the threshold limit. However, if the taxpayer fails to file the relevant returns, he/she receives a government notice in GSTR 3A. So, we...
Q.3 – Does the term ‘aggregate turnover,’ includes stock transfers which are effective within the States having same GSTIN for determining the threshold limits? Q.4 – Will a Registered Taxpayer who has exclusively exempted supply of goods or services exceeding Rs. 2 crores, would require ...
Registration was required if the applicant was carrying on an enterprise and it met the GST turnover threshold. It was common ground that the applicant, as the trustee of a superannuation fund, is taken to have carried on an enterprise. The value of the sales exceeded the GST turnover ...
aren't GST-registered. While this type of GST Portal Registration isn't a mandate, it paves the way for enhanced growth prospects and the potential for increased profitability. So, the GST registration online apply process is optional for those not meeting the mandatory registration threshold. ...