Discover what GST and BAS mean for your business. Get step-by-step guidance on registration, calculation, filing, and more in our comprehensive guide.
In most countries, there are certain goods and services that are considered exempt from GST charges - in other words, they are ‘GST-free’.In Australia, the most commonly GST-free items include, for example:Most food products Qualifying educational courses Qualifying childcare services Sales ...
Similar toSingapore'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. ...
We have made some improvements to the shortcut feature in Zoho Books, with an enhanced interface so you can customize your shortcut keys, disable preferred shortcuts, and reset any edited keys to their original settings. 19 June 2024 Filter Bulk Items We've added a category filter for select...
SAC and HSN codes are two systems of classification used for goods and services under the GST regime in India or the GST State Code List. They both identify the nature and value of the taxable items and ensure uniformity across the country. Feature HSN Code SAC Code Full Form Harmonized...
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.
VAT is commonly found in Europe. Goods and services tax (GST): GST is a tax similar to VAT in that it is levied whenever value is added to the product throughout the supply chain. GST is commonly found in Canada and the Asia-Pacific region. Sales tax: Sales tax is another type of...
You can now view the total stock in hand of all the items in an item group to manage and reorder them seamlessly. 21 March 2024 Void and Draft Option for Transfer Orders Introducing Void and Draft statuses for transfer orders. You can now void transfer orders that have been partially or ...
The source details in the GST number sequence group were deleted. With this fix, you can't delete the source details in the GST reference number sequence group if they are attached to a transaction. If you don't attach the source details to the transaction, you can delete the source de...
The standard VAT in the U.K. has been 20% since 2011. The rate is reduced to 5% on certain purchases such as children's car seats and home energy. There is no VAT on some items like food and children's clothing. Financial and property transactions also are exempt.45 The below table...