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 ...

Government has taken any steps to ease the compliance under GST for MSMEs and small taxpayers since the introduction of GST; b. if so, the details thereof; c. the steps taken in the last five years to ...

GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...

As per the proposal, MDR can be applied to merchants who have an annual GST turnover of over Rs 40 lakh and merchants with an annual GST turnover of less than Rs 40 lakh will be exempted, the bank ...

If the goods remain in Australia for more than 60 days after this date, GST applies to the sale. Remember, where your turnover exceeds $75,000, you are required to register for GST. So, even though ...

Senior citizens and very senior citizens in India enjoy higher tax exemption limits compared to regular taxpayers. This means they can earn a certain amount of income before becoming liable to pay ...

Mahindra Holidays & Resorts India Ltd on Saturday said it has received a demand of over Rs 17.5 crore from GST authority in Chennai over an alleged mismatch in turnover and reversal of input tax ...

In 2024, individuals each had $13,610,000 in estate and generation-skipping transfer (GST) tax exemption ... have only an incremental exemption to the post-TCJA exemption amount. Dynasty trusts are ...

Since GST's introduction, rate changes have reduced its effective rate. The IMF recommends fewer exemptions and compensating vulnerable households for cost increases. Structural reforms and better ...

OBSERVER Photo by Braden Carmen Silver Creek Village Trustee Kathy Tampio made a motion to increase the income limit for senior citizens to remain eligible for a tax exemption in the Village.