Top Tweets for #OutputTax
The VAT liability of the supply of driving lessons is an interesting issue that can be of relevance to other supply scenarios such as hairdressers and other workers in the beauty industry.
Read more:
https://t.co/s8Is6zZ29z
#vat #HMRC #tax #outputtax #driving #accounting
Optotax GST Update:
Pre Deposit for Filing Appeal under GST
(Refer to the below image to know more)
#optotax #GST #gstupdate #predeposit #appeal #payments #outputtax
First pay interest on delay in payment of #OutputTax, then on #ITC not reflecting in #GSTR2A and also reverse ITC; then Govt will recover tax from supplier also, with interest.
Govt gets money from all, RIP cascading theory when it comes to Govt revenue.
If you want interest on Gross tax under section 50 then where is your cascading Effect theory, which prevents you from charging interest on already paid tax,on which you created the whole GST.
There is a word retrospective in the law and please try to use it in public interest.
Respected FM @nsitharaman ji,
Small Business >1.5 Cr
ITC-both below & above 1.5 Cr
2A-not matching coz of monthly- Quarterly return system
#OutputTax Liability-only 20% allowed in mismatch figure
Where from the rest of the output #tax be deposited?
@PMOIndia @ianuragthakur
#Didyouknow Output Tax is the tax collected by a taxable person on the supply of taxable goods or services to his accredited distributor, agent, client or consumer. #TaxThursday #OutputTax
Our #VAT Adviser Priyesh Mistry talks about declaring output tax on deposits for machinery and plant equipment in this weeks VAT Question of the Week. Read the full article here: https://t.co/DDys050SIB #ProtectSupportGrow #VQOTW #CronerTaxwise #OutputTax
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