Did-You-Know Series
Did you know that a valid tax invoice isn’t always required?
The tax invoice should generally be issued within 30 days from the time of supply.
Did-You-Know Series
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Did-You-Know Series
Did you know you can charge GST on 50% of the price for certain sales?
The Discounted Sale Price Scheme is a GST concession that allows businesses selling used motor vehicles to account for GST on only 50% of the selling price.
Did-You-Know Series
Did you know settling dues with your supplier within a year is crucial?
Businesses that claim GST input tax should ensure that payment is made to the supplier within the prescribed timeframe.
Did-You-Know Series
Did you know that interest received has to be reported in the GST return?
Interest received from local banks or companies is generally treated as an exempt supply.
Did-You-Know Series
Did you know GST is chargeable when transferring a business?
During a business transfer, the GST-registered transferor is generally required to account for GST on the business assets transferred.
Did-You-Know Series
Did you know GST accounting extends to employee use of company assets?
Where a business has claimed input tax on the purchase of a company asset.