In GST the transaction value for computation of value of supply can be rejected if-
The transaction value for the computation of the value of supply under the Goods and Services Tax (GST) can be rejected if the buyer and seller are related, and the price is not the sole consideration. This provision is in place to prevent related parties from manipulating the transaction value to avoid taxes.
‘A’ and ‘B’ started a business by investing Rs. 2000 and Rs. 2400, respectively. 12 months later, ‘C’ joined the business by investing Rs. 1...
Ram started a business with the capital investing Rs 6000. After 3 months Shyam also joined him, with the capital investing Rs 4000. They make a profit ...
Three partners, R, S, and K, form a partnership business with capitals in the ratio of 3:5:8. After four months, R, S, and K added Rs. 3000, Rs. 4500, a...
Mayank and Manoj started a business with investing capital in the ratio of 8:15. After 4 months, Mayank reduced his (1 )/(4 ) portion of the capital and...
A and B invest in a business in the ratio 3:5. After 8 months B leaves the business after withdrawing his investment. In the first year the business mad...
Palash invest thrice the sum invested by Vicky and withdraws half of the sum after 2 months and again withdraws half of the remaining sum after 3 months...
A and B started a business by investing Rs.400 and Rs.540 respectively. After 9 months, A increased his investment by Rs.800. Find the ratio of annual p...
‘C’ and ‘D’ started a business by investing Rs. 5000 and Rs. 3000, respectively. After 6 months, ‘C’ withdrew Rs. 2000 from his initial inve...
A and B together starts a business with investment of Rs. 800 and Rs. (x + 600), respectively. If the profit earned after 5 years is Rs.3200 and share o...
If a sum of money is to be divided among A, B, C such that A’s share is equal to thrice B’s share and B’s share is 9 times C’s share then their ...