Jul 4 2015, 09:58 AM
QUOTE(jason1986 @ Jul 3 2015, 05:48 PM)
Landowner is still negotiating with the developer. Will prefer to have upfront cash payment + units as per your suggestion.
Still clarifying with customs on the GST issue. Seems like customs themselves DO NOT HAVE A CLEAR ANSWER. Bastards really.
Anyway, based on their VERY GENERAL guideline, landowner supposed to charge the developer if it is applicable based on the total value that landowner will receive. So if 10mil, then will need to collect 6% from the developer and submit to customs.
The thing is the land is a agriculture land which based on their VERY GENERAL guideline, no GST is applicable.
Really dislike dealing with govt departments. Vomit blood.
hi bro, you mean if you received 10mil value prop, gov will charge 6% GST, thus you get developer to pay? Still clarifying with customs on the GST issue. Seems like customs themselves DO NOT HAVE A CLEAR ANSWER. Bastards really.
Anyway, based on their VERY GENERAL guideline, landowner supposed to charge the developer if it is applicable based on the total value that landowner will receive. So if 10mil, then will need to collect 6% from the developer and submit to customs.
The thing is the land is a agriculture land which based on their VERY GENERAL guideline, no GST is applicable.
Really dislike dealing with govt departments. Vomit blood.
please include me in your update if you have a clear answer in future
thanks
Quote
0.0171sec
0.85
6 queries
GZIP Disabled