Explanation on the Principal-Representative Relationship and Extent to possess Agenda I in order to CGST Work 2017

Explanation on the Principal-Representative Relationship and Extent to possess Agenda I in order to CGST Work 2017

Circular Zero. -GST CBEC-/4/2018-GST Regulators out-of Asia Ministry out-of Loans Company off Cash Main Panel of Indirect Fees and you may Culture GST Coverage Wing

The principal Captain Commissioners/ Captain Commissioners/ Prominent Commissioners/ Commissioners out-of Central Income tax (All) / The main Directors General/ Directors Standard (All)

Clarification towards the Dominating-Agent Relationships and you may Extent to own Plan I so you can CGST Operate 2017

In terms of Agenda I of your Main Goods and services Tax Act, 2017 (hereinafter described as brand new “CGST Operate”), the supply of goods because of the a real estate agent for brand new dominating without attention could have been considered to-be a supply.

Samacheer Kalvi 12th Accountancy Solutions A bankruptcy proceeding Company accounts

Samacheer Kalvi 12th Accountancy Solutions A bankruptcy proceeding Company accounts
  • In order to Bankers: Recommendations provided about financial comments try extreme with the bankers to evaluate if discover sufficient protection to pay for amount of one’s mortgage or overdraft.
  • So you can Regulators: Financial statements is tall on the government to assess this new income tax liability of providers questions also to body type and you can amend industrial rules.
  • So you’re able to Personnel: From monetary statements, the staff can assess the ability of one’s team to spend wages and you can if they have future development in the new matter.
  1. To analyze profits and you can generating strength.
  2. To review tomorrow and you can short term solvency of your own team.
  3. To choose the abilities in functions and employ off possessions.
  4. To find the show out-of government and staff.
  5. To choose the development into the conversion and you will production, etcetera.
  6. So you’re able to forecast for future years and you can prepare costs.
  7. And make inter-agency and you may intra – firm contrasting.