GST is designed to simplify tax collection by applying tax at multiple stages, only on added value, and at the point of consumption. Below, we’ll walk through these features to show how GST works across the supply chain, ensuring a fair and efficient tax process. 1. Multi-Stage Taxation ...
Taxable benefits can be goods or services an employer pays for on the employee's behalf. An employer can give the benefit in the form of cash, near-cash, such as a gift card, or in the form of non-cash, such as a parking space. The taxable benefit is given in addition to the emp...
Similar to Singapore's Goods and Services Tax (GST), China imposes a VAT on imports. General taxpayers, who have annual taxable income above ¥5 million, pay between 6% and 13% VAT. Small-scale taxpayers with an annual taxable income worth ¥5 million and below pay 3% of VAT. Here...
GSTIN, short for Goods & Services Tax Identification Number is a 15-digit, unique identification number allotted to each taxpayer (GST registered business, firm, dealer, supplier, business entity) once they have registered under the GST regime in India. Every business operating in a state or Un...
Employees: Having an employee, contractor, salesperson, installer or other person doing work for your business in a state. Events: Selling products at a trade show or other event. However, just because you have met a nexus threshold in a state does not mean that you are required to collect...
You can now enable endorsements for SEZ and overseas customers, indicating whether the supply is made with or without the payment of integrated GST (IGST). This feature is only supported in Spreadsheet and Standard invoice templates, and your business must be GST-registered. 21 October 2024 Assoc...
“ABC123” is the client or account code associated with this specific invoice. The structure and components of an invoice number can vary depending on the organization’s preferences and needs. The goal is to ensure each invoice number is unique, well-organized, and easily traceable for record...
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GST stands for goods and services tax and whether you pay it or not will depend on the turnover threshold. Learn everything about GST in this guide.
More and more tourists are sharing their experiences on their social media through a combination of photos, texts, and hashtags. But there is a scarcity of studies in literature on analyzing tourists’ visual content in relation to tourism destinations.