sgst is the tax levied on goods and services provided within the boundaries of a given state. the act puts the various state taxes, such as luxury tax, state income tax, entry tax, entertainment tax and so on, under one umbrella. commodities not subject to gst list of commodities does ...
“GST has exited bankruptcy with a strong balance sheet and ample liquidity, talented leaders globally, and a reputation as a high-quality leather designer and manufacturer,” Johnson said, adding, “GST is among a small ...
The UN report very clearly says, “The recently introduced GST as well as protracted issues of corporate and bank balance sheet problems pushed the growth rate of India downward”. But most importantly, the report predicts better days ahead for the Indian GDP. The reportclaims that India’s GD...
In Frank Lyon’s case the bank took the building on SLB. Under the lease terms the bank was liable to pay rentals periodically and had the option to purchase the building at various times at a consideration based on its outstanding balance. The bank took possession of the building in the...
This topic lists the important FAQ on GST, especially related to GSTR-1, unregistered dealers, HSN/SAC, tax calculations, invoicing and printing, cash discount or trade discount, GST features, GST calculation, licensing and migration, and others.
TR Venkateswaran:Exactly. The point remains is that, on one hand, the law governing both require me to create special purpose vehicles (SPVs), and because SPVs do not have a significant balance sheet of their own, they have to rely on the corporate or the main entity for raisin...
Account for profit on sale of fixed asset Transfer the profit to income ledger to reflect the actual value of fixed assets in Balance sheet. Example: After charging depreciation on fixed assets, if the net value of the fixed assets is 4,000 and the sale value is 5,000, record a Journal...
Build your brand- Use your logo on invoice and barcode and help customers connect with your brand. Better shopping experiences- Offer customers personalized service by sending them offer SMS, emails and promotions. Stress Free Accounting- Track Overdue invoices, cash flows, P&L, balance sheet and...
A– Balance sheet date B– P&L Account including dates C– Cash flow statement including dates 2– Based on audit the auditor mentioned: Proper maintenance of books statusOr not maintained 3(A) – Based on any observations done by the auditor, reporting any differences: 3(B) – Further re...
For more information on transition rules for services and personal property, visithttp://www.cra-arc.gc.ca/E/pub/gi/notice247/notice247-e.html#P1.2 Most Visited Articles Accounting 101: Balance Sheet Basics Choosing a Business Name All You Need to Know about Importing from the USA to Canada...