true

Take Class 12 Tuition from the Best Tutors

Affordable fees
1-1 or Group class
Flexible Timings
Verified Tutors

Search in

GST

Vijayakumar V.

11/09/2018 1 0

GST refers to Goods and Services Tax.

GST replaced then called sales tax and service taxes.

GST paid on purchases shall be recorded as an asset which shall be offset with the GST collected (liability for the seller) on Sale of goods and services. The net GST collected over GST paid shall be deposited to tax authorities.

1 Like 0 Dislike

Follow 3

Other Lessons for You

What is an Assets ?

Assets are sometimes defined as resources or things of value that are owned by a company. Some examples of assets which are obvious and will be reported on a company's Balance Sheet include: cash, accounts...

Dev Group

1 0

Cost Accounting-Marginal Costing

Marginal Costing IntroductionMeaning Of Marginal CostingSeparation of costs into fixed and variable (marginal) is of special interest and importance. Under marginal costing, cost of a product is estimated...

Sumant Sharma

0 0

Deductions under Section 80C

Overview of Deduction under Section 80c: When it comes to income taxes, most people start sweating and running around looking for ways in which they can save on it. One of the most commonly known sections...

Manish Sharma

0 0

Most valuable learning tip - Keep mind fresh!

Before sitting to read, keep your mind fresh. Remove all unnecessary thoughts. Then only things will get register in mind!! All the best..

CA. CS. Mitali Trivedi

0 0

Employee Stock Option Plan (Chapter: Share Capital Class 12)

EMPLOYEE STOCK OPTION PLAN Employee stock option plan is an option given by the company to its employees to subscribe to the shares of the company. Now why the company gives option to its employee: It...

Aarushi Jain

2 0

Find Class 12 Tuition near you

Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from Best Tutors on UrbanPro.

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you

Class 12 Tuition Questions

Important question of Atom and nuclie 1 Find expression for atomic radius 2 Find expression for energy 3 what is deBroglie equation

6 Answers

The energy of the electron of hydrogen orbiting in a stationary orbit of radius rn is proportional to __________. (rn, 1/rn, rn2, 1/rn2)

5 Answers

Photo voltaic cell converts __________. (chemical energy into electrical energy, heat energy into electrical...

14 Answers

I am in 11 class and want to do law in future so I am in search for tuition. I am a weak student. Kindly suggest me some tips.

115 Answers

An aeroplane covers a certain distance at a speed of 240 kmph in 5 hours. To cover the same distance...

9 Answers

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

Select the best Tutor
Book & Attend a Free Demo
Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

I am a Student I am a Tutor
Name*	Please enter your full name. Please enter institute name.
Email*	Please enter your email address.
Phone*	Please enter a valid phone number.
Location*	Please enter a pincode or area name.
City*	Please enter city name.
Category*	Please enter category.
Gender*	Male Female Please select your gender.
Email ID/ Mobile No.*	Please enter either mobile no. or email.
Enter Password*	Please enter OTP Please enter Password Sorry, this phone number is not verified, Please login with your email Id.