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Why is Indian farmer not happy with GST?
Goods & Services Tax onEverybody knows India is an agrarian economy, meaning an economy largely dependent on Agriculture. While the government is keen on organizing and developing this sector, the revered Indian farmer is not happy with the GST. Let us explore their source of anguish
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ITAT quashed the shifting the base of markup, and the addition by AO
Income Tax on Jun. 02, 2016Assessee, an Indian Company, a subsidiary of a Mauritian company, provided buying services to its AEs. It paid service charges at costs with a 8% markup. TPO noticed that assessee was allowed commission @8% on costs incurred for its sourcing activities. TPO changed base from costs incurred to FOB value of exports on which 8% markup was charged. DRP restricted it to 6%. ITAT quashed the shifting the base of markup, and the addition by AO.
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GSP – GST Suvidha Provider
Goods & Services Tax onGSP’s are entities that have been authorised by GSTN to develop a platform to enable the taxpayer to do the GST compliances. In simple words, they are GST enablers. Taxpayers can interact with GST portal through GSP’s. GSP is the link between GSTN and taxpayer. Since they play such an important function, let us read about them.
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Executive Information Systems
Others on Feb. 05, 2018In this article, we shall learn what an executive information system is, how it works and some examples where we shall find this system being used.
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