Starting Saturday night (September 14, 2024), all buses must have a FASTag to enter Delhi's ISBTs. A flat parking fee of ₹500 (excluding GST) for up to 25 minutes will be charged, payable only via FASTag. FASTags will be available at the terminals, where infrastructure has been up...
What is GST Exemption? While many businesses will need to register for GST, there are certain cases where your company may be approved to be exempt from the tax. When the aggregate turnover of a business is less than a specific amount, they may be able to apply for an exemption. In ...
What items are exempt from GST? Some goods and services may be exempt from GST. Depending on where you do business, some examples would be: sale and lease of residential property, donated goods sold by non-profits, financial services, or some medical and healthcare products and services. ...
This is not a complete list, so bear in mind that some states may exempt other types of items. In addition, to avoid double taxation, many business-to-business purchases are tax-exempt. If a business purchases an item specifically to resell it, they can use a resale certificate to avoid...
What is a tax shield? What does tax threshold mean? What is a tax holiday? What is the federal gift tax? What is the Goods and Services Tax (GST)? What is the gift tax exemption? What is tax-exempt interest? What is pre-tax income? What is a trade license authority? What is eff...
What Are The Types of GST Invoices? 1. Bill of Supply A Bill of supply is similar to a GST tax invoice but does not include tax charges. It is issued when GST does not apply to a transaction. For example, it is used for exempt goods or services or when a supplier is registered ...
And don’t forget: GST registration gives your business more credibility and presents a professional image to your customers. Which items are exempt from GST? Some things are free from the 10% tax because they’re considered basic living essentials. GST exemptions include: Most basic food staples...
GSTIN and GSTN are two terms that are often confused by many people. However, they are very different from each other. Here is a clear definition and comparison of GSTIN and GSTN: Why is GSTIN Required? Operating your business legally in India requires a GSTIN number. This applies if ...
GSTM4 GSTN GSTO GSTO1 GSTOS GSTP GSTP1 GSTPA GSTQ GSTR GSTRC GSTRF GSTrUE GSTS GSTT GSTT1 GSTTC GSTU GSTV GSTW GSTY GSTZ GSU GSU-KHZ GSUB GSUC GSUFCU GSUG GSUI GSUL GSUMC GSUN GSUNS GSUS GSUSA GSUT GSV GSVA GSVC
The following supplies are generally GST exempt: residential property financial services childcare and private education services healthcare services public transport services But while the Malaysian GST regime has similarities to the Singaporean GST regime and draws input from the Australian, UK, New Zeal...