Understanding GST on Production Costs: How It’s Calculated Introduction Goods and Services Tax (GST) is a value-added tax levied on the supply of goods and services at each stage of production and distribution. One common question businesses have is whether GST is calculated on production costs and how it is done. What is GST? GST… Read More »
GST Number on Amazon No, it is illegal and fraudulent to use someone else’s GST number to sell on Amazon or any other platform. Each seller must obtain their own GST registration based on their business activities and turnover. Using someone else’s GST number is a violation of GST laws and can result… Read More »
Calculate GST in Total receipts Calculate GST in total receipts, To calculate the amount of Goods and service tax that is include in total receipt, you need to follow these steps: 1.Identify the rate of GST applicable to your business. The rate can be 5%, 12%, 18%, or 28%, depending on the type of… Read More »
