As an employer you’re entitled to a GST credit when you reimburse an employee for a taxable expense that is directly related to your business activities. This includes paying an expense payment benefit. You and your employee cannot both claim a GST credit for the same expense. … What isRead More →
What deductions are allowed from the transaction value (a) Discounts offered to customers, subject to conditions (b) Packing Charges, subject to conditions (c) Amount paid by customer on behalf of the supplier, subject to conditions (d) Freight charges incurred by the supplier for CIF terms of supply, subject to …Read More →
The Australian Customs Service (Customs) collects GST on taxable goods imported into Australia. The GST payable is 10% of the value of the imported product. The value of the product is the sum of,the customs value of the goods & any customs duty payable. How is import duty and GSTRead More →
The GST Amnesty Scheme has been introduced once again by the government to provide relief to taxpayers who missed filing GSTR-3B for the previous tax periods. In this article, get complete details of the applicability, benefit, and working of this scheme with the latest updates. What happens if GST returnRead More →
Visit the URL: https://www.gst.gov.in. Login to the GST Portal with your user-ID and password. Navigate to the Services > Registration > Application for Cancellation of Registration option. The form – Application for Cancellation of Registration contains three tabs. How do I cancel my GST number? How to Surrender your GSTINRead More →