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Purchase return with a different tax rate

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Let’s take an example a seller sells items at the rate of 28% GST. but at the time of purchase return tax rate change to 18%. So here the question what is tax rate applicable at credit note?

The article discusses the meaning/structure/relevance of TAN, the person responsible for applying for TAN, the consequences of not quoting TAN, the process of obtaining TAN, the location from which to receive 49B, Authority has empowered everyone to get the procedure for TAN, online TAN application.

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Meaning of TAN Tax Deduction Account Number or Tax Collection Number This is a 10 digit alphanumeric number issued by the Income Tax Department (we will refer it as TAN).TAN should be received by all those responsible for deducting tax at source(TDS)or who are required to deposit tax at source(TCS). TAN Structure TAN first 4 digits are alphabets, then TAN next 5 digits are numeric and the last digit is… Read More »The article discusses the meaning/structure/relevance of TAN, the person responsible for applying for TAN, the consequences of not quoting TAN, the process of obtaining TAN, the location from which to receive 49B, Authority has empowered everyone to get the procedure for TAN, online TAN application.

Things to Remember during a change in MOA & AOA

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Under Companies Act 2013 things to remember while changing Memorandum of Association (MOA) and Articles of association (AOA) In this article, we discuss the important points to remember when amending/changing MOA and AOA of a company. Following clauses are in Memorandum of Association. The name of the Company. ┬áIn which Indian State where the registered office of the company is situated. The main objects of the company and matters which… Read More »Things to Remember during a change in MOA & AOA