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What is the taxable value of Second hand goods?

There is a very huge market share of used car & second hand goods sales in India and gradually growing with e-commerce platform also like Carwale, Justdial, Olx, Zigwheels etc. Even books, cloths and other low value items also getting attention in this industry. Now,...

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Accounting Treatment of GST on Advance Payment

ACCOUNTING_GST

Present Government is keen to roll out GST from of 1st July, 2017, GST council has finalised most of the acts, rules, returns and formats related to GST, CGST, IGST, UGST. Out of few complicated provisions one proviso is GST on advance payment received by...

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