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

Introduction To Partnership Firms

Fundamentals of partnership: A partnership comes into existence by an agreement. This agreement can be verbal or written. When two or more individuals enter into a partnership and sign a written agreement...

Srishti Agrawal

1 0

Introduction to Trial Balance & its Components

Aims And Objectives At the end of the lesson you be able to: Understand of Sundry Debtors Understanding of Sundry Creditors Understanding of Basics of Trial balance Introduction All...

Dev Group

1 0

The Indian Contract Act, 1872.

Nature Of Contract: Indian Contract Act, 1872 came into effect on 1st September 1872. It extends to the whole of India except the states of Jammu and Kashmir. The law of contract is that branch of law...

Fr Prashanth Reddy

21 0

Method Of Showing Accounts Receivable On Balance Sheet Under Allowance Method

Allowance Method: Under the Allowance Method, the company makes an estimate, on the basis of some past experiences or on the basis of published industry averages, of debts which may not be realizable....

Khushboo B.

1 0

Guarantee Of Profits To A Partner.

Guarantee is an assurance given to the partner of the firm that at least a fixed amount shall be given to him/her irrespective of his/her actual share in profits of the firm. If actual share in profits...

Mahesh Kumar

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

The energy that flows from a high temperature object to a low temperature object is called __________. (Heat, Sound Electricity, Solar Energy)

6 Answers

For online math tutoring: - Which virtual whiteboard(s) would you recommend? - Which hardware gadget...

29 Answers

Which book is good for maths for class puc?

24 Answers

How to understand physics concepts in a better manner?

7 Answers

A box contain 2 red , 1 blue and 2 green identical balls. Three balls are drawn at random in succession without replacement. Write the sample space.

17 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.