Question
What duties are taxes on intra-State supplies?
Solution
For taxes on supplies within the same state (intra-State supplies), both the Central Government and the State Government levy taxes. This is known as Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST) respectively.
As per the KYC related guidelines given by RBI, which of the following is required for conducting V-CIP (Video-Based Customer Identification Process)?
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The level of risk that arises from exposure to a single counterparty or sector, and it has the potential to produce large amounts of losses is called:
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