Articles, tagged with "goods and services tax", page 1
A STEP CLOSER TO GOODS AND SERVICE TAX
The central and state governments moved closer to ushering in a nationwide goods and services tax on April 1, 2011, that will simplify the manner in which corporates, small enterprises and traders will be levied taxes on goods and services.
The reform...
Goods and Services Tax (Malaysia)
Goods and Services Tax in Malaysia may be implemented by the Malaysian Government somewhere in the third Quarter of 2011. 4% GST will replace the current sales and service tax currently levied at rates between 5% and 10%.Companies with revenue RM 500,000 ...
GST in CANADA
In Canada Goods and Services Tax (GST) is a multi-level value added tax introduced on January 1, 1991, by Prime Minister Brian Mulroney and Finance Minister Michael Wilson. The GST replaced a hidden 13.5% Manufacturers’ Sales Tax (MST); Mulroney claimed t...
Lawyers And Rates
eLawyers are not inexpensive - tax lawyer, GST lawyer, HST lawyer, customs lawyer - take your pick - they charge a lot and for good underlying factors. The time, effort not to mention money they spent in school is reason enough. They trained hard to be go...
TAX ADMINISTRATION IN GST REGIME
The scheme of GST should be supported by a strong tax-administration infrastructure for it’s optimum success. Without an efficient tax-administration the implementation of goods and services tax will be just like pouring water in the bottomless bowl. So, ...
GST: IMPACT ON THE POOR
GST is a destination based consumption tax. Consumption taxes are regressive in nature. It increases the gap between the rich and the poor. The pertinent point is whether such tax would be fruitful for the economy as a whole or not? Is it not so that shif...
Small merchants at risk from online shopping
The tall poppy syndrome is alive & well nationwide & so the recent backlash displayed towards Gerry Harvey & Cate Blanchett, due to their roles in the online GST & carbon tax campaign, is really a typical example of it.We, as Aussie's, have a wish to repr...
Entities to Make an ABN Application
Business institutions in Australia whether governmental or nongovernmental, are obliged to obtain the Australian Business Number (ABN) when the annual turnover of the particular institution hits a particular set threshold. Registration for ABN is availabl...
Novated Lease – Best Option For Working People
What is a novated lease?
In Australia, a novated lease is usually a three way contract ("novation agreement") amid an employer, worker and a car leasing company. In this the employee charters an automobile from the Lease Company and employer is in ag...
You Should Register Your Canadian Business for GST
The Goods and Services tax (GST) only applies to goods and services that are consumed in Canada. A business that has registered charges the GST on their product or service and gets a refund of any GST they pay on their business expenditures. If you are re...
Finance Recruitment in Jersey
Finance recruitment in Jersey – why is it so such big business?
Being involved in finance recruitment in Jersey is nothing out of the ordinary. The British island’s economy is based on international financial services, along of course with agriculture ...
LOOKING FORWARD FOR CONSTITUTIONAL AMENDMENT BILL
The Centre finally makes it clear that it is not possible to bring Aviation Turbine Fuel (ATF) under the scope of the proposed Goods and Services Tax (GST), as per the model suggested by the states.
The Oil Industry came out with a demand to include c...
About GST: Still More To Do
After getting President’s approval for introducing a Constitution Amendment Bill in Parliament, the Government finally moves a step closer towards the rolling out of the GST. In other words, the Government finally introduced a Constitution Amendment Bill ...
Managing Finance In Australia
So you are planning to shift to Australia? What should be your main concern? Of course Australian Finance!! The financial system of any one country is different from the other. If you plan to live in Australia you have to learn its financial system so tha...
Dynamics GP Shipping Methods and their Role in Taxation
We will base our instructions on the version 2010/11.0, which is the recent one as we are writing these lines in March 2011. However if you are on older version our instructions should still work, just use old fashion navigation style via cascading menus...