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OECD: Revenue Statistics in Asian Countries

On 20 July 2017 the OECD published the latest edition of its publication Revenue Statistics in Asian Countries. This covers trends of revenue statistics in Indonesia, Japan, Kazakhstan, Korea (Rep), Malaysia, Philippines and Singapore between 1990 and 2015. 698 more words


Takeaway Owner Starts Battle Against Just Eat For Business Survival

An owner of a South Shields takeaway is claiming that “Just Eat is killing small businesses.”

Syed Alom, 33, owner of Arman Spice on South Eldon Street, has seen his profits disappear over the last few years, which he attributes to Just Eat charging over 20% in commission and VAT on each meal bought through the service. 424 more words


A step-by-step guide for obtaining your GSTIN

Under the VAT and Service Tax regime, TIN number and Service Tax Registration Number were issued by the state and the Centre. However, under the… 206 more words

Reverse Charge Mechanism (RCM) under GST Regime

The Reverse Charge Mechanism (RCM) under GST Regime is two-fold.

Case1:   Specified Supplies- Sec 9(3) of CGST Act

Case 2:  Supplies from Unregistered Persons- Sec 9(4) of CGST Act… 1,212 more words


“Fair Tax” or False Promise?

After the recent publication of my column on the GOP tax reform plan that would eliminate the federal tax deductions on home mortgage and interest payments (Republicans Shooting Themselves in the Foot, June 29th), I was discussing tax reform with some friends when a couple of them proposed instating the Fair Tax program, which would allegedly eliminate the IRS and simplify our tax code. 611 more words

Impact of GST on Rentals from Immovable Property

Rental from Immovable Property in GST Regime

Under GST Regime, “renting of immovable property” is included in schedule II which defines it as supply of services on which the GST rate is 18%. 828 more words


Renting Business Is Exempted From Paying The GST

GST is the talk of the town, everybody is trying escape this tax on their business. Out of all other sectors, “real estate has been exempted from paying the hefty tax,” confirms Nirmal Singh Lotus Green. 356 more words

Nirmal Singh Lotus Green