he or she may face a penalty of 10% of the tax due or Rs. 10,000, whichever is higher. Similarly, if a person collects GST from customers but does not deposit it with the government, they may face a penalty of
What does the ISO standards list include? The ISO standards consist of a wide range of regulations that apply to particular industries. Among the many different ISO standards, the ISO 9001 is the most applicable standard for any business. The standard highlights quality management principles and re...
The system now maintains a history of every revaluation process that was performed, as it does for the Accounts receivable (AR) and Accounts payable (AP) revaluation processes. When you run the process, you can now preview the results of the revaluation. The preview shows the ...
“The only way in which individuals are constituted as persons is by learning to refer to themselves, from the perspective of an approving or encouraging other, as beings with certain positive traits and abilities. The scope of such traits—and hence the extent of one’s positive relation-to-...
A corporation is subject to this “alternative” minimum tax, not to the regular 21% corporate income tax, if its minimum tax liability exceeds the amount that would be its regular corporate income tax liability. The scope of the law is limited, however, because it applies only to corporation...
Next Article US-China Trade in Goods Hits New Record in 2022 – What Does it Mean for Bilateral Ties? In this article CIT incentives for small businesses CIT incentives for high and new technology enterprises (HNTEs) CIT incentives for technology-based small- and medium-sized enterprises (TSME...
The idea that there is some racially pure music out there is just ridiculous, and the idea that it would be somehow more real (what does that even mean?) or automatically better than any of the countless hybrids we have is just kind of stupid. Highlife itself was already a fusion of ...
7. Where does GST money go? GST paid by individuals goes to the central and state governments and acts as a vital source of revenue to operate the country. 8. How is GST calculated? Tocalculate GST,apply the applicable tax rate to the taxable value of the supply. The taxable value is...
Does the U.S. Have Universal Basic Income? There is no universal basic income program in the U.S. However, across the country, numerous localities and non-profit organizations have implemented pilot projects to test the viability of UBI on a small-scale. According to the Basic Income Lab ...
vestment and within the approved scope of production and business operation. · That imported by the research and development centers with foreign investment out of the total investment. · That imported by the projects in conformity with the catalogue of advantageous ind ...