Accountancy Forum
  • Accountancy
  • Forum Home
  • Members
  • Team
  • Help
  • Search
  • Register
  • Login
  • Home
  • Members
  • Help
  • Search
Accountancy Forum The Profession Tax v
« Previous 1 … 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Next »
Sales Tax Threshold

 
  • 0 Vote(s) - 0 Average
Sales Tax Threshold
khizar
Offline

Junior Member

Posts: 7
Threads: 3
Joined: Jun 2004
Reputation: 0
#1
06-26-2004, 06:09 AM
Hello
The recent budget increased the threshold for sales tax registration to Rs 5mn for manufactures. For business already registered, who have less than this sale, is it mandatory to deregister or voluntary?

Also, would it really be good for business under 5m not registering for GST???
I mean, if they dont register, then they cannot claim any input tax and will have to absorb these costs. Even if their purchases are around 2.5mn, the GST claimable would be 375,000. Not registering means loosing this..

Is there something I am missing. Why is this increase in threshold being termed as helpful for the small business?

Thanks
Khizar


« Next Oldest | Next Newest »

Users browsing this thread: 1 Guest(s)



Messages In This Thread
Sales Tax Threshold - by khizar - 06-26-2004, 06:09 AM
[No subject] - by massood akhter - 06-27-2004, 04:36 PM
[No subject] - by khizar - 07-05-2004, 06:06 AM
[No subject] - by aamersikandar - 07-27-2004, 11:24 PM

  • View a Printable Version
  • Subscribe to this thread
Forum Jump:

© 2002-2024 Accountancy. Copyrights of all content on this web site are owned by Accountancy except where indicated in source or copyright statements. Accountancy must be contacted for permission to copy or redistribute any material published on this website.

Linear Mode
Threaded Mode