Question
What does 'VAT' stand for in taxation?
Solution
Value Added Tax (VAT) is a consumption tax levied on goods and services at each stage of production or distribution, based on the value added at that stage. It is ultimately borne by the consumer.
Which of the below import duties would be imposed?
In which document of the company is the purpose or objective of its incorporation mentioned, as per the Companies Act?
The financial statements of the company are approved by ____________ before signed by the chairperson/MD/CEO/directors of the company.
Which of the following financial statements shows a company's retained earnings over time?
Calculate Economic order quantity from the following data.
Annual consumption = 10,000 units
Carrying cost = 8%
Cost per unit = Rs....
As per Schedule III of the Companies Act, 2013, the current maturities of long term debt have to be shown under which of the following heading?
Which banking transaction provides a secure location for customers to store valuable items such as documents, jewelry, or collectibles?
In a Letter of Credit (LC) transaction, which entities typically play a role in addition to the issuing bank, advising bank, and beneficiary?
According to Walter’s Model, a firm with high return on investment (RoI) and low cost of capital should:
Under the Indian Contract Act, the suggestion as a fact of that which is not true by one who does not believe it to be true and the active concealment o...