Indian Accounting Standards (IndAS) and International Financial Reporting Standards (IFRS) recognize the need to value of the guarantee in the books of accounts, and this issue also originated under the GST law. When a corporate guarantee is given, because it is ...
What Are the Modes of GST Payment? How to generate a GST challan on the GST portal? How to Make GST Payment Online? How to Make GST Payments Offline? How to Check GST Challan History? What is the Time Restriction to Complete the GST Payment? GST Payment Due Dates for Different Taxpayers...
For instance, if a service provider buys a product for ₹200 and pays 5% GST, the product cost becomes ₹210. After adding ₹100 in value, he charges ₹310 for the service. The GST liability of ₹310 is ₹15.5, and with an input tax credit of ₹10 (the GST paid on t...
For businesses making sales in Canada, there is goods and services tax (GST) to collect and remit. Here’s a guide on collecting GST in Canada, including how to register for an account, how to calculate and collect GST, and what to do when it’s time to file and remit. What’s ...
2023, the import Goods and Services Tax (GST) de minimis in Singapore will be eliminated, shifting from S$400 to S$0. This alteration signifies that GST will be applicable to all goods, irrespective of their value. However, the duty de minimis threshold will remain unchanged, retaining ...
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...
April 4, 2024Ribhu SharmaGST India, Informative GST Articles 4 Minutes Read Advisory No. 605 has been issued by The GSTN dated October 3, 2023, and announced the availability of the e-Invoice JSON download feature on the GST e-Invoice Portal. It is very exciting news for all taxpayers ...
so that theoverhangsprotect the earthen walls. Rammed earth in rain-prone areas is acceptable, but the construction site should be selected so that the home is protected as much as possible from the elements. Additional design features, such as good gutters and drainage systems that draw water ...
To know how much FBA fees you owe, check out this nifty free Amazon FBA Profit Calculator! Amazon Referral Fees A referral fee is a commission Amazon charges sellers for using its platform, irrespective of the fulfilment method. This percentage-based fee applies to each unit sold and varies ...
A generation-skipping trust (GST) is a type of legally binding trust agreement in which the contributedassetsare passed down to the grantor's grandchildren, thus "skipping" the next generation, the grantor's children. By passing over the grantor's children, the assets avoid theestate taxes—ta...