Introduction to GST/HST Both the taxation systems; GST and HST are followed in the Canadian tax system. Their application along with their understanding is not as easy as it sounds.…
Introduction to Taxable Payments Annual Report (TPAR) Whatever payments are made to various working contractors, third-party providers, and accounting consultants, their payment is recorded and checked thoroughly throughout the year.…
Introduction to Payment Times Report (PTR) PTR, also known as payment times reporting is a documentation through which financial transparency is maintained. The process is also helpful in spotting the…
Introduction to BAS Reporting and GST Calculation If your business is set in Australia, it’s one of the fundamental key points to have a sound knowledge and understanding of BAS…
Introduction to Goods and Services Tax (GST) GST is a regressive tax because it could negatively impact those whose estimated income is in the lowest and middle-income brackets. Thus, according…
Introduction to taxation systems Tax is any category of collecting money in the name of revenue which a government collects. This amount is collected to favor the public sectors and…
Introduction to GST and Taxable Sales Before we move towards the depth of taxable sales, it’s important to be aware of all the details of the GST and its components…
Introduction to GST and its relevance to sales and purchase transactions The application of GST has indeed played a pivotal role in making the tax system better. The involvement of…
Introduction to Goods and Services Tax (GST) The economic structure revolves around the composition of goods and services tax. The goods are tangible and the services are intangible. Both of…
Introduction While GST calculation also remains in the limelight, the deduction is another cognitive skill that doesn’t come that easily. Through understanding various financial and economic factors, one gets a…
Introduction to GST (Goods and Services Tax) Goods and services tax is a key element in the trading business, and no business can operate without it. Each business in a…
Introduction to GST Calculation Many countries have their own taxation systems, and due to the differences in the taxation system, GST has revolutionized various businesses interacting with this system. Since…
Introduction to goods and services tax (GST) GST is also claimed to be a form of indirect tax that is to be paid on the value addition of different stages…
Introduction to GST and Accounting Entries While we are all familiar with the concepts and calculations of GST, the key elements of GST remain on top. The key elements are…
Introduction Businesses, both old and new, need to have a thorough understanding of the place of supply, as it holds significant importance in national and international trading. Apart from having…
Introduction Many forms hold great importance in the Indian goods and services tax such as the GSTR-1. This form is concealed as having a multifaceted purpose for different businesses and…
Introduction Import transactions need proper verification, identification, and approvals before they are headed forward. The documentation of imported goods varies as compared to the exported goods. When it comes to…
Before you get started with the import process, it’s essential to know what importance import documents hold. These documents are a gateway for efficiently running through the process of importing.…
Suppose you wish to expand your trading to excel in navigating the compliance complexities and maximize the efficiency of the overall process, in that case, it’s best to understand import…
Business ideology and innovation support the world's shift towards e-commerce. An emerging example of e-commerce is Amazon, the king. Since the pandemic, businesses have taken a turn and moved their…
Ever since 2017, the Indian regime over taxation has shifted to new ideologies and revolutionizations, which have helped India streamline its taxation and compliance matters in a unified way. While…
The modern economy is greatly influenced by how international trade has been set up all over the global market. The best way to bridge the gap between domestic and domestic…
GST, an acronym for goods and services tax, has played a pivotal role in how things fall into place when it comes to taxes, specifically on the goods and services…
The place of supply for imported goods and the port of entry have a strong relationship. If any of them gets disapproved, it affects both of them. Similarly, customs is…
Import is any process in which goods are brought to one’s country. There can be many reasons why importing goods has to be done. One of the reasons for importing…
Two fundamental locations help identify tax transaction liability under GST. These are the location and place of supply of the supplier. The location of the supplier is important because it…
It’s good if any medium- or small-sized business has the idea of expanding globally. Exporting goods can help strengthen bonds on an international level. It is also a way of…
Introduction Documentation is very important for getting your goods delivered. Exporting is not easy, especially if goods are to be exported internationally. Certain rules and regulations need proper acceptance. Violations…
Introduction Exporting goods and services through different channels has its own set of rules to be followed. When these goods and services are claimed as zero-rated, it means that those…
Introduction The place of supply holds great importance when it comes to exporting or importing goods. The commodities, goods, and services need a proper record through which they can be…
Introduction Export incentives are a gateway to bringing economic stability as it’s a gesture for small or medium-sized businesses to cater to the cost they have to give to do…
Introduction E-commerce (Electronic commerce) is a great way of setting your business into an online store. All you need is a high-end maintained profile, a website, and an operating manager.…
Before analyzing the need for a place of supply to export goods and services, we should be aware of the principles of GST. GST is the goods and services tax…