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GST Refund Planning for Manufacturing BusinessesManufacturing businesses often accumulate significant input tax credit because GST paid on raw materials, components, services and other business inputs may not always be fully adjusted against output tax liability. This situation can be more common in export-oriented businesses and industries where the tax rate on inputs differs from the applicable rate on finished products. Therefore,...0 Σχόλια 0 Μοιράστηκε 70 Views 0 Προεπισκόπηση
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What Manufacturers Should Review When Export Growth Requires New MachineryGrowing export orders can create a need for additional production capacity. A manufacturer may have to invest in new machinery, increase raw material purchases, improve packaging systems or automate part of the production process. While expansion is mainly a commercial decision, GST implications should also be reviewed because export transactions and machinery purchases can affect input tax...0 Σχόλια 0 Μοιράστηκε 474 Views 0 Προεπισκόπηση