In other words, when GST is payable during the financial year on such revenue (which was recognized earlier), the value of such revenue shall be declared here. C. Unadjusted advances at the end of the Financial Year (+): Value of all advances for which GST has been paid but the same ...
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...
Goods and Services Tax (GST) in India, explained with benefits and components to get a better understanding and why it matters to you and your business.
Even though $360 of HST is collected between the two companies, only $240 is remitted to the government. That’s because while the accounting firm collected $240 in HST, it keeps $120 of the funds collected to cover the money paid out to the contractor and only remits the remain...