GST is a value-added tax levied on supply. GST offers an extensive and continuous chain of tax set-offs. The supplier at each stage can use the input tax credit of GST paid on the purchase of goods and services. The business can set off this Input Tax Credit (ITC) against the GST ...
By replacing multiple indirect taxes—such as excise duty, Value Added Tax (VAT), and service tax—GST simplifies the taxation framework into a single domestic indirect tax law applicable throughout the country. Under the GST regime, both goods and services are governed by a unified taxation ...
This article covers information on qualified invoice issuers: registration for the Invoice System to become a qualified invoice issuer, notification of the business registration number and legal obligations as a qualified invoice issuer. What's in this article? What is a qualified invoice issuer? Ho...
This article covers information on qualified invoice issuers: registration for the Invoice System to become a qualified invoice issuer, notification of the business registration number and legal obligations as a qualified invoice issuer. What's in this article? What is a qualified invoice issuer? Ho...
Excise Tax Services, Enterslice helps businesses comply with excise tax regulations and the applicable tax rates and provide guidance on available exemptions or deductions.
This article is for informational purposes only and does not constitute legal, employment, tax or professional advice. For specific advice applicable to your business, please contact a professional. Appointments POS The point-of-sale solution for bookings, payments, retail, inventory, and more. ...
Singapore: This document is being distributed in Singapore by, and is attributable to, Standard Chartered Bank (Singapore) Limited (Registration No. 201224747C/ GST Group Registration No. MR-8500053-0, “SCBSL”). Recipients in Singapore should contact SCBSL in relation to any matters arising fr...
(GSTN). The e-invoice format includesmandatory fieldssuch as the supplier andrecipient details,invoice number, date, and supply value, among other relevant information. Taxpayers must fill out these mandatory fields, and any non-mandatory fields that are applicable to their business. It is ...
It will also inform you of any applicable fees associated with the TT transfer, including the: SWIFT transfer fee: A flat fee charged by your bank for processing the transfer via SWIFT in order to cover its administrative costs. Commission: A fee based on a percentage...
Note:This is a simplified example, and the actual ITC calculation may vary depending on specific factors such as the nature of the goods or services, the applicableGST rates, and any restrictions or reversals of ITC. It’s always advisable to consult with a tax professional for accurate guidan...