To be eligible for the Composition Scheme under GST, a business must meet certain conditions. First one is no Inter-State Sales which means the business can only sell goods or services within the same ...
Section 24 (i) specifically mandates compulsory registration by a person making inter- state taxable supply. The term or phrase ‘’inter- state taxable supply’’ makes it ample clear that if the ...
Prime Minister Mark Carney is promising relief for first-time homebuyers by eliminating the GST on homes priced at $1 million ...
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A full GST exemption on life insurance premiums could mean more expensive premiums for policyholders. Here’s why?which has been paid on the purchase or inward supply by the life insurer, is not getting any credit due to GST exemption, it will become a cost, taking the potential total premium payable by term ...
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GST Council Meeting Highlights: Key Recommendations To Provide Relief To Individuals And BusinessesJaisalmer: From reducing the GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on ...
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