Importation of Taxable Services
Did you know that all companies are required to declare and pay SST on Importation of Taxable Services regardless of whether SST Registrant or not??
As per the latest act dated 11/01/2019, service tax shall be charged and levied to any person (registered person or person other that taxable person, who in carrying on his business) acquires any imported taxable service at the rate of 6%.
Example: Your business is Non-SST Registrant and you have purchased advertisement services from Google or Facebook. As a result, you are required to declare and pay SST.
Kindly follow this guide to find out how to update your system to the latest version and how to apply this new rule in the database.
You may check out the version of 2018.0.1.5 for the changes.
Estimated Release Date : 31/3/2019
Full Documentation available at https://goo.gl/u8Z3cG
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