Eligibility for the GST Voucher is determined by annual value thresholds and other conditions. In 2025, the annual value thresholds will be revised, allowing more Singaporean households to qualify for benefits. Currently, there are two annual value (AV) tiers. The first AV tier covers all...
In July, there were several GST updates; one of which was related to the important changes and updates in GSTR 3B and ITC eligibility. And, taxpayers with an annual aggregate turnover between Rs. 5 Cr. to Rs. 20 Cr. are enabled for testing on Sandbox for e-invoicing. Thus, we have...
as well as most retiree households, beyond the transitional period covered by the Assurance Package. Eligible households including lower to middle-income families receive benefits from the permanent GST Voucher Scheme and the absorption
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Withdrawal of appeal applications (APL 01) is mandatory for eligibility under the waiver scheme. Withdrawal option is available on the GST portal for appeals filed after 21.03.2023. For appeals filed before 21.03.2023, taxpayers must request withdrawal through the concerned Appellate Authority, which...
TallyPrime will prompt you to save the invoice. You can also print the invoice directly from the voucher screen or email it to the customer. The system will generate a unique invoice number automatically, and you can also set a custom numbering system.Review...
Once you have calculated your tax liability, the subsequent step is to generate the GST challan, a crucial document that serves as a payment voucher for GST dues. The GST challan contains essential details, including your GSTIN (Goods and Services Tax Identification Number), the amount of tax...
4. Payment Voucher A payment voucher is a document wherein the recipient is liable to pay under the reverse charge required when making the payment to the supplier. 5. Debit and Credit Notes A debit note is issued when the issued tax invoice for the goods or services is less than the ta...
GST refund: making your TRS Claim You must have the goods with you for officers to confirm they leave the country with you. You can pack larger items in your check-in baggage, but tell the counter staff and they’ll call the officers. ...
Show your passport to the sales assistant/cashier to prove eligibility for a GST refund under the TRS. Collect an original tax invoice or receipt for the eligible goods purchased. Collect and complete an original refund form which you must get from the sales assistant/cashier at the store and...