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Lynda McConnell LimitedChartered Accountant SUMMER 2007NewsletterThe GST ratio FROM the beginning of the 2008 financial year, business entities paying GST and provisional income tax will be permitted
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Form GST Ratio is a form that is used to calculate the ratio of goods and services tax (GST) paid to the total income of an individual or a business entity.
Any individual or business entity who is registered under the GST regime and has paid GST during a specific period of time is required to file form GST Ratio.
To fill out form GST Ratio, you need to provide the details of GST paid during a specific period along with the total income earned. The form should be filled accurately and submitted online on the GST portal.
The purpose of form GST Ratio is to determine the proportion of GST paid to the total income of an individual or a business entity. This ratio is used for various GST compliance and reporting purposes.
Form GST Ratio requires the reporting of GST paid during a specific period and the total income earned by an individual or a business entity.
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