Question
Under GST, the tax levied on intra-state supply of goods
is shared between:Solution
For an intra-state supply (within the same state), GST is levied as Central GST (CGST) by the Central Government and State GST (SGST) by the State Government. For a Union Territory, it would be CGST and UTGST.
Which of the following is a limitation of an Internal Audit?
An expansionary (inflationary) gap occurs when:
'Take-or-Pay' contracts are commonly used in infrastructure project financing to mitigate which risk?
S, an entity had 500 units of product X at 30 June 2015. The product had been purchased at a cost of $18 per unit and normally sells for $24 per unit. R...
Which of the following statements correctly describe credit risk assessment and credit risk management?
Which Accounting Standard deals with 'Accounting for Fixed Assets'?
Which of the following is true about sales tax and VAT?
A company has Fixed Costs of ₹2,00,000, a contribution margin ratio (P/V ratio) of 25%, and it achieved total sales of ₹10,00,000. Calculate the pro...
Inventory valuation under Ind AS normally uses which of the following basis?
GAAP stands for:
