the total cost becomes ₹105. Upon adding ₹50 in value to the product, he sells it for ₹155. The GST on ₹155 is ₹7.75, but he can claim an input tax credit of ₹5 for the GST paid on raw materials. Therefore, the net GST liability of the manufacturer is ₹2.75...
GST is calculated as 10 percent of the value of the supply. The value of a taxable supply is the consideration payable for the supply (before GST is added). For example, if the value of the supply is $100, the GST payable is 10 percent of $100, being $10. The price GST inclusive...
How much GST on Hotel Business? Goods & Services Tax is undoubtedly the most remarkable economic reform that is steadily leading the nation towards the path of excellence. Evidently, the GST law is has covered almost all types of traders and business under its ambit. Today, various traders ...
It’s called “value-added tax” because it’s charged whenever value is added to the product throughout the supply chain, from production to the point of sale. VAT is commonly found in Europe. Goods and services tax (GST): GST is a tax similar to VAT in that it is levied whenever...
Duty Tax Paid: DHL clears and bills import duties and taxes to a specified DHL account at the shipment's origin or a third country, at the customer's request. An extra fee is charged based on a flat rate or a percentage of the fiscal charges paid. ...
If we did a wrong credit note and the GST return was filled, how can we rectify that credit note? How can I pass a credit note in the GSTR-1 for a party if his GST number is cancelled? How much of the GST is applicable to e-commerce?
Now, my understanding is that these types of guarantees have been around for a long time, even pre-GST. But why this sudden buzz? Why are we hearing so much about corporate guarantees being taxed when they have always been there, perhaps as a service offering, if we wanted to ...
It is safe and convenient to use. The bank fee, GST, exchange rate markup charged by the bank and fees charged by intermediary or correspondent bank(s) collectively determine the cost of the transfer. Save money on your wire transfer by choosing a bank that offers competitive exchange rate ...
Much of the Vietnamese countryside has regrown, in part because of reforestation efforts by local and international groups. Because dioxin cleanup is potentially very expensive, one activist has tried to implement cheaper, low-tech solutions in highly contaminated areas by planting "fences" of trees...
The French business must indicate the amount of the reverse-charged transaction net of tax on line B4 of section A, entitled "Purchases of goods or services from a taxable person not established in France". It will then pay the total VAT due to the tax office. ...