GST is amulti-stage, destination-based taxthat is applied at every step of value addition in the supply chain. It simplifies the tax system, improves compliance, and ensurestransparent and efficient tax collect
Every business operating in a state or Union territory is assigned a unique Goods and Services Tax Identification Number (GSTIN) PAN, state and entity details. Under the GST Act 2017, businesses and individuals have to register their business with the state authorities and obtain a unique 15-di...
A tax return is a form, or series of forms, and schedules that a Canadian must fill out (either digitally or on paper) each year to inform the Canada Revenue Agency (CRA) about how much money they received from all eligible sources of income during the year. The T1 form, known as th...
Import GST is levied at the rate of 5% on the “value of goods” under section 212 of the Excise Tax Act. The value of goods definition includes all duties and taxes levied under the Customs Tariff pursuant to section 215 of the Excise Tax Act. Phase I of Can...
An official document that provides exhaustive data of all your purchases, sales, tax paid on your purchases, along with the tax collected on your sales is called a GST Return.
GST Tax Invoice is a demanded instrument by the Indian taxation system’s GST law. It acts as proof of the supply made after a sale by the business. Section 31 of the CGST Act, 2017 mentions the issuance of a GST Tax Invoice as a mandatory practice for e
If their business income is over $75,000 in a year, they must also be registered for GST. Superannuation: Contract employees pay their own contributions to their superannuation account themselves, and do not receive any employer contributions. Work duties: Independent contractors perform a certain ...
IGST, SGST and CGST are taxes under the GST regime. Read here to understand all you need to know about these taxes.
It is not uncommon for the discharge of the Trustee to take place as long as 11⁄2 years after the debtor has been discharged. Please note that any income tax refunds up to the end of the year in which you file your bankruptcy and GST Credits until the Trustee’s discharge will be ...
This article provides a summary of the new features and critical bug fixes that were released in Microsoft Dynamics 365 Finance versions 10.0.15 through 10.0.19 for the Indian Goods and Services Tax (GST) localization. New features TCS on sale of goods 注意 This feature update is based on ...