Below, you will find a selection of them that are exempt from VAT. However, you need to note that some of the activities listed in Section 4 of the UStG contain subcategories with additional regulations and exemptions: Outpatient and inpatient medical services and nursing services Supply of ...
taxable supply taxable turnover Taxable Value taxation taxed on property in will Taxes Taxing Costs Taxpayer Bill of Rights Taxpayer's Suit Taylor, Zachary Teachta Dala Teamster Teapot Dome Scandal Technical Technology and Construction Court
Intracommunity supplyof goods and products to companies in other European Union countries Cross-border transport of goods Air and sea shipping activities What effects does a VAT exemption have on input tax deduction? Input tax deduction is a central concept of the German VAT system. It enables co...
This Tax Alert summarizes a recent judgement of the Madras High Court (HC). The issue involved was whether the post-supply discount given by manufacturer is to be included as subsidy while computing value of supply in the hands of dealer.
Time of Supply- Goods (Reverse charge Mechanism) Earlier of the Following:- Date of receipt of Goods Date following 30days from date of invoice/ any other document issued by the supplier Date of payment made in Books of Account of recipient Date of debit of payment in Bank Statement of rec...
Mismatch - Recipient GSTIN Mismatch - GSTIN of the Supplier Mismatch - Invoice/Debit Note/ Credit Note (No) Mismatch - Invoice/Debit Note/ Credit Note (Date) Mismatch - Original Invoice No Mismatch - Original Invoice Date Mismatch - POS Mismatch - Supply attract reverse charge Mismatch - Tota...
Open Market Valuemeans, in relation to a supply of goods or services, or to goods that are imported, the amount (together with the GST chargeable on the supply or the importation) that would be payable for the supply or the goods if the supply or importation were for such a consideration...
Supply chain efficiency: Structuring shipments to meet de minimis criteria can streamline the customs clearance process, reduce costs, and improve delivery times.Leveraging the de minimis thresholds to your advantage as a business is great, but what benefits do consumers realize from these thresholds?
Sections Involved: 43CA, 50C & 56(2)(x) of Income Tax Act, 1961. Sale /Transfer of land or building on consideration less than Stamp Duty Value
Applicable Market Valuehas the meaning specified in Section 5.1. Open Market Valuemeans, in relation to a supply of goods or services, or to goods that are imported, the amount (together with the GST chargeable on the supply or the importation) that would be payable for the supply or the ...