1. What is the importance of Goods and Service Tax? Based on most assets and services which is traded for indigenous consumption, GST is the most prominent value-added indirect tax reform in the country. Consumers pay the GST, but it is paid to the government by the company’s marketing ...
Educational institutions are liable to pay GST on RCM for these goods or services – Sponsorship revenues from non-corporate entities Security services from non-corporate entities Sale of capital assets Training, seminars & workshops, for people except for students, faculty, and staff. 8. When ...