sales of goods, TCS will be deducted based on PANs. If multiple customers have the same PAN, all transactions by those customers will be accumulated and compared to the threshold that is prescribed by the government. You can also accumulate the purchase threshold based on the PA...
User has option to accumulate purchase threshold based on PAN number of vendors like customers. However, accumulation will take place based on vendor or customer within one legal entity. Inter legal entity accumulation will be out of scope. The point of...
User has option to accumulate purchase threshold based on PAN number of vendors like customers. However, accumulation will take place based on vendor or customer within one legal entity. Inter legal entity accumulation will be out of scope. The point of...
Purchase 550 GST recoverable 55 Vendor 605Here is the entry for the dispatch of goods and issuance of the sales invoice.Expand table DescriptionDr.Cr. Customer 660 Sales 600 GST payable 60Here is the entry for the vendor payment.Expand...
Recipient will pay the deducted amount to government and the same is reflected in supplier’s electronic ledger entry, which the supplier can further adjust against liability. GST TCS As per Section 52 of CGST Act, 2017, every e-commerce operator is required to collect tax at the rat...
Any person or HUF who is subjected to an audit of accounts under the Income-tax Act for a particular financial year. Classification of Buyers for TCS Abuyermaypurchasegoodsdirectlyfromtheseller,orthroughanintermediarysuchasawholesaler,aretailer,oranonlineplatform.Theymayalsopurchasegoodsbybiddingonthemata...
Entry is refused to any Site or no access can be gained at the appointed time, as agreed between the parties; 4. One of Our engineers attends a Site and discovers that the fault is not caused by the KCOM Equipment or Our Services; or 5. You report a fault which cannot be verified ...
cit. China has also been criticised for tying its aid to the purchase of Chinese goods and ser- vices as well as oil deals. 99 Evans and Downs, "Untangling China's Quest for Oil", op. cit. See also fn. 86 above. 100 Rosen and Houser, "China Energy", op. cit., p. 33. China...
In addition, please refer to the definitions of ‘EU’ and ‘Non-EU Countries’ in clause 2 below. 1.3 Your contract for the purchase and delivery of our Products will be with Fanatics (International) Limited (“Fanatics”). Our registered address is at Stubbs Mill 3 Upper Kirby Street ...
Oil sale governance is integral to many broader aspects of NNPC governance, and as such offers a useful entry point for thinking about what bigger reforms and restructurings are needed. In a time of low oil prices and softening global demand for Nigerian crude, the country can no longer ...