Section 2(77) of CGST Act defines Non-resident taxable person (NRTP) as any person who occasionally undertakes transactions involving supply of goods /services, whether as principal/agent/in any other capacity, but who has no fixed place of business/residence in India. Therefore it covers all...
After receiving the cancellation application, and if the proper officer is satisfied that the taxable person is no longer eligible to be registered under GST. Then, the proper officer will issue an order in Form GST REG-19 wherein the taxable person’s GST registration will be canceled....
In this contribution the author analyses the relationship between the sharing economy and the EU VAT notion of taxable person. After an introduction where the sharing economy and the relevant legal framework are presented, the statutory and jurisprudential components of the notion of taxable person ...
Average tax rate indicates the amount of tax paid per dollar of all taxable income. The marginal tax rate, on the other hand, is tax rate applicable to the last dollar of taxable income.Answer and Explanation: Become a member and unlock all Study Answe...
One Person Company means a company that has only one person as a member. It is a separate entity distinct from its members, limited liability protection to shareholders and has a perpetual succession.
This feature can help you with any specific tax law questions you have, including whether you have to file a return, what your filing status is, whether you can claim a dependent, whether the type of income you have is taxable, and if you're eligible to claim any credits or deductions....