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Goods & Services Tax (GST) NYK Line Update 2 Advisory No. Mum/201718/227 Date: 20th June 2017 Dear Valued Customers, This is further to our advisory dated 14th June 2017 regarding GST implementation
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What is goods amp services tax?
Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.
Who is required to file goods amp services tax?
Businesses and individuals who sell goods or services exceeding a certain threshold are required to file GST.
How to fill out goods amp services tax?
To fill out GST, one must determine the taxable amount, calculate the GST amount, and report the details in the GST return form.
What is the purpose of goods amp services tax?
The purpose of GST is to simplify the tax system, promote transparency, and reduce tax evasion.
What information must be reported on goods amp services tax?
Details such as sales, purchases, input tax credit, and tax paid must be reported on GST.
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