Do you want to understand what an arm's length transaction is? If so, you have come to the right place. An arm's length transaction is a term used to describe a transaction that takes place between two parties who are independent of each other and acting in their own self-interest. This type of transaction is important because it ensures that both parties are getting a fair deal and that any potential conflict of interest is minimized. In this article, we will discuss the concept of arm's length transactions, including what they are, why they are important, and …
GSTR-6 is a return that needs to be filed by input service distributors (ISDs) who are registered under the Goods and Services Tax (GST) in India. An ISD is a person who receives invoices for the input services they have availed and then distributes the credit to the recipients of those services.
GSTR 5 is a monthly return form under the Goods and Services Tax (GST) in India that must be filed by non-resident taxable persons. Non-resident taxable persons are individuals or businesses who are not resident in India but are engaged in taxable supplies in the country.
GSTR 4 is a monthly return form under the Goods and Services Tax (GST) in India that must be filed by taxpayers registered under the composition scheme. The composition scheme is a simplified GST compliance option for small businesses and taxpayers with annual turnover below INR 1.5 crore (INR 15 million). Under the composition scheme, taxpayers are required to file GSTR 4 on a quarterly basis instead of monthly like other GST returns.
GSTR 2 is a return form that is used by taxpayers in India to file their GST (Goods and Services Tax) returns. GST is a tax levied on the supply of goods and services in India, and GSTR 2 is used by taxpayers to report details of inward supplies (i.e., supplies received by the taxpayer) and input tax credit (ITC) claimed for a given period.