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They went as far as saying that their feeling was that no one should be paying more tax after the GST than they were paying before the GST, and that's a commitment which they just haven't lived up to.
Gifts to unrelated parties are subject to the GST tax if the donee is more than 37 1/2 years younger than the donor, according to Sec.
The question really is, when will the GST council decide?
Businesses can start filing their first GST returns and pay taxes for July on the portal of GST Network - the IT infrastructure provider for the new indirect tax regime, beginning August 5, he told.
Under the new GST regime, cars attract the top tax rate of 28 per cent.
The ministry has created a GST cell for the purpose of implementation and facilitating the rollout of GST with immediate effect.
The GST applies at each stage of the production and distribution chain.
In reply to an interview, the GST Malaysia Trainer comments, “The GST course on goods and services tax (GST) for freight forwarders in Malaysia include international freight, customs handling, goods transportation within Malaysia.
Transfers to a "skip person" are potentially subject to the GST.
Dasgupta who is the chairman of the empowered group, said, " There will also be a special GST rate for a small list of precious metals and a list of exempted items as well.
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- GST-VAT Accounting