Every business entity is required to report its business activity through filing of tax returns. Various type of tax obligations are imposed on the business entities which include direct and indirect taxes. Business entities are required to collect and pay sales tax from individual consumers and withhold and pay payroll taxes on the wages and salaries of all employees of the entity.
Value-Added Tax or #VAT is a tax on the consumption or use of goods and services levied at the point of sale. VAT is a form of indirect tax and is used in more than 180 countries around the world. The government of UAE published guidance on zero-rated and exempt supplies on their website (government.ae). #VATinGCC #VATinUAE #VATImplementation
NEW DELHI: Tax payers can now view the status of the returns filed by them on the GST Network portal, the company handling the technology backbone of the new indirect tax system said today. Get #NarendraModi & #BJP #latestnews and #updates with - http://nm4.in/dnldapp http://www.narendramodi.in/downloadapp. Download Now.
GST Wiki | Site | Implementation Date In India.: GST Meaning Goods and Services Tax is an indirect tax that entered India on July 1 2017 and replaced only one cascading tax imposed by the Central and State Governments to apply only one GST tax across India. GST is governed by GST Council and is its Chairman. Finance Minister of India. GST Wiki | Site | Implementation Date In India. GST Wiki. It was GST WiKI introduced as The Constitution (One Hundred and First Amendment) Act 2017…
The Chancellor cancelled a fuel duty increase planned for the autumn of This would have added about to the cost of a litre of petrol or diesel. If the rise had gone ahead, it would have cost motorists about in extra fuel duty and VAT.
The proposed 4-tier GST structure may hit the common man as it is likely to result in higher taxes on various items including kitchen staples such as edible oils, spices and chicken. The government plans to roll out the new indirect tax regime, Goods and Services Tax (GST), from April 1, 2017