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

Proposed 18% GST Rate To Not Impact Home Prices.

While a final decision on the rates is yet to be taken, the rating agency said the final rates to be notified would be the key determinant of the impact of GST on the sector New Delhi: The proposed...

FR Prashanth Reddy

14 1

The 6 most common adjustments in Final Accounts Question - For PUC XII Accountancy Students

Dear Students,Remember that the Debit and Credit items listed in Trial Balance have to be recorded only once (either in Trading -P&L A/c or Balance Sheet). However, the adjustments following the trial...

Madhura sagar G.

0 0

For IIT / NEET Aspirants: The Acid Dissociation Constant Pka

The acid dissociation constant Ka is a quantitative measure of the strength of an acid in the solution. Pka: A larger Ka value means a stronger tendency to dissociate a proton, and thus, it means the...

Nidhi T.

1 0

Financial Accounting

Accounting is the art of recording, classifying, summarising in a significant manner regarding money, transaction & events which are at least in part financial interpreting the result thereof. (AICPA...

Rajeshwari M.

3 0

The importance of memory

Learning is a continuous process. What we learnt yesterday helps in understanding what we learn today. It is memory that helps one retain yesterday's learning. Therefore it is important that one uses...

Vibrant Verbal Academy

0 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

How transport vesicles integrate the endomembrane system?

6 Answers

Explain in detail objectives and three important Primary functions of NABARD.

8 Answers

A slab of certain dielectric is placed between two oppositely charge plates. The intensity between plates...

6 Answers

If the potential difference of 1 volt is applied across the end of a conductor and the resulting current...

6 Answers

If 1/6 ! + 1/7 ! = x / 8 !, find x?

5 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

Migrate

Class

Subject

Chapter

Migrate to

Concept Solution

Migration Successful

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.