Equalisation Levy is to be charged at the rate of six per cent of the amount of consideration received or receivable by a non-resident.
orm GSTR-4 (Annual) is annual return which all Composition Taxpayers are required to file a return on annual basis after the end of the Financial Year which was rolled out from 01-04-2019.
TDS Section 194N was introduced in the union budget of 2019 by the Finance Minister, Nirmala Sitharaman. The section has been further amended in Budget 2020.
Insurance fraud occurs when people deceive an insurance company in order to collect money to which they are not entitled.
The new Consumer Protection Act 2019 came into force on the 20th of July. The act will replace the 34 years old act
Due to restrictions caused by the COVID 19 pandemic and the related lockdown, several restrictions are faced by the auditors in terms of visiting the client location, meeting with the client, obtaining of audit evidence
For export of service, the provider should be in India and recipient outside India. But when they have clearly said that recipient is Indian company then it is clear that it will not be termed as export of service.
Time of supply means that time at which we consider our goods/services to be supplied. Once goods/services are considered supply GST shall be charged on them. Time of supply means date on which our liability arises to pay GST.
Well-known trademarks are outcome of substantial and widely used mark.
As we all are fighting with the coronavirus, and alcohol-based hand sanitizers being a major weapon in this war, there is still confusion on GST rate to be charged on the same. The manufactures and GST officers are having an argument, whether it should be charged at 12% or 18%.
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