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Latest update on GST e-tax guides

 

  • Clarifications to retailers on GST calculation
  • GST for retailers on low-value goods imported via air or post
  • Clarification of the price display requirements
  • The tax invoice’s new format
  • Rebates applied to upcoming purchases
  • Rebates used to offset future purchases
  • Revised GST treatment for motor car expenses
  • Modifications due to the GST rate increase to 8% from 7 %
  • GST calculating procedure when regulatory fees, incentives, surcharges, or refunds are included in the selling price and
  • Updated gross margin and discounted sale price regimes for sales of second-hand motor vehicles

Source: GVC

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