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Taxes
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...
Author: lawcruxadvisors
GST in CANADA
06th December 2011In 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...
Author: lawcruxadvisors
Taxes
In 2006, the UPA Government announced that a comprehensive GST would be launched on 1st April, 2010 and it was believed that the introduction of GST is a difficult task, as our current structure of indirect taxes is driven by the multiplicity of taxes. So...
Author: lawcruxadvisors
GST: DELAY IN IMPLEMENTATION
23rd November 2011In 2006, the UPA Government announced that a comprehensive GST would be launched on 1st April, 2010 and it was believed that the introduction of GST is a difficult task, as our current structure of indirect taxes is driven by the multiplicity of taxes. So...
Author: lawcruxadvisors
Business Law
HMRC is hardly out of the headlines these days and now the ongoing issue of tax evasion is back in the media spotlight because an estimated 15,000 wealthy taxpayers with Swiss bank accounts have become the latest recipients of HMRC’s letters. This first o...
Author: drsrjp
Swiss Bank Account Holders on HMRC’s Hit List
04th May 2011HMRC is hardly out of the headlines these days and now the ongoing issue of tax evasion is back in the media spotlight because an estimated 15,000 wealthy taxpayers with Swiss bank accounts have become the latest recipients of HMRC’s letters. This first o...
Author: drsrjp
Taxes
Are you confused about Sales Tax Items and Sales Tax Codes in QuickBooks? I was too! It took me forever to finally figure out what they actually did, how to get the sales tax liability report to look right, and where they showed up on that report. After r...
Author: Wilmer Irwin
How Tax Codes Are Made Up
21st February 2011Are you confused about Sales Tax Items and Sales Tax Codes in QuickBooks? I was too! It took me forever to finally figure out what they actually did, how to get the sales tax liability report to look right, and where they showed up on that report. After r...
Author: Wilmer Irwin
Taxes
From the Items List, press Control-N. Select Sales Tax Item. Enter a name for the sales tax - something simple is fine, something that makes sense to you. Enter a more detailed description on the next line. Enter the tax rate, and choose the state reporti...
Author: Wilmer Irwin
Debt Advice May Be Needed For Tax Code Victims With Underpaid Tax
18th February 2011From the Items List, press Control-N. Select Sales Tax Item. Enter a name for the sales tax - something simple is fine, something that makes sense to you. Enter a more detailed description on the next line. Enter the tax rate, and choose the state reporti...
Author: Wilmer Irwin
Taxes
First, select the Tax Item box. If this customer lives out of state or is otherwise non-taxable, select the Non Taxable sales tax item you established above. If the customer lives in-state or is otherwise taxable, select the Taxable sales tax item you est...
Author: Wilmer Irwin
How Do Tax Code Changes in September Affect You
17th February 2011First, select the Tax Item box. If this customer lives out of state or is otherwise non-taxable, select the Non Taxable sales tax item you established above. If the customer lives in-state or is otherwise taxable, select the Taxable sales tax item you est...
Author: Wilmer Irwin
Taxes
In our previous article we discussed about the Orissa’s demand to keep coal royalty out of the purview of the Goods and Service Tax (GST). That Orissa came out with a demand to keep coal royalty out of the purview of the Goods and Service Tax (GST). If it...
Author: Atul
Can petroleum products forms part of GST?
16th February 2011In our previous article we discussed about the Orissa’s demand to keep coal royalty out of the purview of the Goods and Service Tax (GST). That Orissa came out with a demand to keep coal royalty out of the purview of the Goods and Service Tax (GST). If it...
Author: Atul
Taxes
Just like all other years, year 2010 had also passed. We all would recall this year for different reasons and at different points of time in our life but our Finance Minister would definitely recall this and that too for an important reason i.e. Goods and...
Author: lawcruxadvisors
Can This New Year Bring Consensus
26th January 2011Just like all other years, year 2010 had also passed. We all would recall this year for different reasons and at different points of time in our life but our Finance Minister would definitely recall this and that too for an important reason i.e. Goods and...
Author: lawcruxadvisors
Taxes
As the future of the Goods and Services Tax is still uncertain in India but our efforts to elaborate the broader concept of “GST” will continue in the same manner. Even after facing such a huge setback on major issues such as GST structure, Constitutional...
Author: Atul
No Reduction In The Intensity Of GST Work
18th January 2011As the future of the Goods and Services Tax is still uncertain in India but our efforts to elaborate the broader concept of “GST” will continue in the same manner. Even after facing such a huge setback on major issues such as GST structure, Constitutional...
Author: Atul
Taxes
Finally the Finance Minister Mr. Pranab Mukherjee speaks about the future of the Goods and Service Tax and the words spoken by him were not surprising at all. GST is unlikely to be implemented from the scheduled date of April 1, 2011. Now he is looking...
Author: Sanjay Chauhan
GST WILL NOW MOVE WITH TORTOISE
13th January 2011Finally the Finance Minister Mr. Pranab Mukherjee speaks about the future of the Goods and Service Tax and the words spoken by him were not surprising at all. GST is unlikely to be implemented from the scheduled date of April 1, 2011. Now he is looking...
Author: Sanjay Chauhan
Taxes
The idea of dropping the most quarrelsome issue of Constitutional Amendment from the recently concluded meeting of the Empowered Committee of the State Finance Ministers didn’t work well for the Government as it also failed to provide any fruitful results...
Author: lawcruxadvisors
GOVERNMENT IS LOOSING ITS MOMENTUM
07th January 2011The idea of dropping the most quarrelsome issue of Constitutional Amendment from the recently concluded meeting of the Empowered Committee of the State Finance Ministers didn’t work well for the Government as it also failed to provide any fruitful results...
Author: lawcruxadvisors
Taxes
V. Gangadharan The Goods and Service Tax (GST), a landmark in the history of tax reforms, after the implementation of VAT, has started its journey by the Finance Minister's public endorsement of the dual GST model. The dual GST model will comprise o...
Author: Taxmannlaw
Goods And Service Tax - A Consumption Based Destination Tax
16th September 2009V. Gangadharan The Goods and Service Tax (GST), a landmark in the history of tax reforms, after the implementation of VAT, has started its journey by the Finance Minister's public endorsement of the dual GST model. The dual GST model will comprise o...
Author: Taxmannlaw