There are two methods of accounting for GST: on a cash basis or a non-cash (accrual) basis. The method you use affects when you must account for GST and when you are able to claim GST credits. What does ‘ex GST’ mean? ‘Ex GST’ means exclusive of GST, meaning the amount quoted...
How does HSN Work? Under the GST regime, the Harmonized System of Nomenclature (HSN) code serves as a unique identifier for over 5,000 commodity groups, efficiently categorizing goods in a systematic manner. For example, the HSN code for cast iron pipes is 7303.0010. This code can be broken...
What does compute mean? Compute is a term used to describe the act of performing calculations, particularly complex mathematical operations. It is commonly associated with the field of computer science and the use of computer systems to solve complex problems. What are some common types of ...
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However, if the signup is “professional,“ the first time, it might either be free or they might offer a 50% discount. However, after this period, Amazon charges 49.95 AUD each month (exclusive of GST). Once this is done, follow the instructions further to complete the setup. ...
Second, commercial property doesn’t incur the Additional Buyers Stamp Duty (ABSD), but it does incur GST. As such, anyone buying commercial property this year is spared the two percentage point hike. While it may come as a relief to some sellers (e.g. those rushing to offload their com...
This might mean buying a property near majority employment hubs or public transit so that your kids will easily find a job near your property. You can also consider where your children might attend university and purchase a home there. Another option is to save your rental income towards your...
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I have used LR6 for a number of years and can say I have enjoyed it immensely. I have seen the benefits of LRC touted on various online videos and I must admit, trying out LRC does intrigue me. I currently have over 12K photos on my iMac using LR6. Will trying out the new version...