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As per the amendments in GST rule applicable from January 01, 2022, there are two monthly returns (GSTR-1 and GSTR-3B) that a company has to file if the annual turnover is over Rs 5 crore. While the GSTR-1 is a return that shows sales invoices, the GSTR-3B is a self-declared summary GST return filed every month. Therefore, businesses need to ensure there is no mismatch between GSTR-3B and GSTR-1 forms . In case of a mismatch, the government will be empowered to send officials to the corporate premises of an individual to recover GST for the amount of sales on which tax has not been paid. No notice needs to be furnished for the recovery, as per the new rule.
Calculate the Return on Capital employed of JKL Ltd based on given information?
What does the principle of trustworthiness in business ethics involve?
As per dividend discount model, which among the following will give the cost of Equity?
Consider the following statements regarding the SOPs generated by SEBI for large corporates-
I.Firms will need to meet the borrowing quota over...
Which of the following statement(s) is correct about cost of equity?
A. Where earnings, dividends, and equity share price all grow a...
Which of the following most likely increases the wealth of shareholders?
Which of the following is/are included in the capital budget of the Government of India?
1. Expenditure on acquisition of assets like roads, buil...
What is the Capital to Risk Weighted Assets Ratio (CRAR) of scheduled commercial banks (SCBs) as of end March 2024 according to the Financial Stability ...
What does “D” in NDTL stands for?
A uses the Cash Budget Method to determine which of the following?