The GST Law also states: “Provided further that where the supplier of service is a banking company or a financial institution including a non-banking financial company, the period within which the invoice is to be issued shall be forty-five days from the date of supply of service.” The a...
Procedures to claim Input Tax Credit under GST in India When to file first Return of GST tax in India? GST Tax returns filing – Who, How and When? How is time of supply accounted under GST Tax Calculation Valuation of GST under special cases Valuation of GST Taxable supply How does a ...
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GST (10%) is added on the Customs Value of the imported items, transportation, and insurance – plus the import duty. GST applies to all products imported from China to Australia. In addition, foreign (non-Australian) importers are also required to get GST registered when reaching a certain ...
Where proprietor business is converted into a partnership, the exclusive interest of the proprietor is reduced and the business assets become sets of the firm in which he becomes a partner.
GST registration for overseas companies What is the GST rate when importing from China, Vietnam or other countries in Asia? The GST rate for imported goods in Australia is 10%. Unlike for import duties (which may differ depending on the manufacturing country), the GST rate is the same regar...
Learn more about Concept of Reverse Charge mechanism in GST & this charge mainly more tax compliance and increased tax revenues. This article will explain about GST Reverse charge.
Here,GST rateapplicable to television is 18%. Since this is an interstate supply, type of tax applicable is IGST. Let us arrive at the value of IGST in this case: Value inclusive of tax= Rs. 50,000 Tax rate= 18 Hence, IGST amount= 50,000*18/118= Rs. 7627 ...
Notice that Schedule 8 is not only applicable to Vietnam but all ASEAN countries, such as Thailand, Malaysia, and Cambodia. India to Australia Import Duties India is also classified as a DCS country, to which special duty rates apply. ...
1. Introduction Research on the motivations that lead a student to decide to choose specific studies is an interesting challenge for the development of different areas of study, both in the high school and university stages [1,2]. From the perspective of the psychology of education, theories ...