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Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition. It is critical for organization, in view of challenges faced while transitioning to GST, to comply with the new legislation
Moderately Recommended The candidate is somewhat likely to have understanding of concepts required to comply with GST legislation. He/she is somewhat likely to exhibit knowledge of various concepts in GST, such as Input Tax Credits, Time and Value of Supply, Levy and Collection and other important concepts required in organizational context.
The candidate is somewhat likely to have good understanding of Input tax credit. He/ she is somewhat likely to apply the concepts in business scenario, the accurate application of which is very critical for any organization in order to claim Input Credit for tax paid on its purchases.
The candidate is somewhat likely to have good understanding of Levy and Collection. He/ she is somewhat likely to apply the concepts in business related scenario, where one is required to exhibits strong understanding of GST levied in intrastate supply and interstate supply of goods and services.
The candidate is somewhat likely to have good understanding of concepts in Time and Value of Supply, Payment of Tax, Tax Invoice and Credit and Debit Note, Transitional Provisions, Return, Refunds, Registration, Composition Scheme and other important concepts required in business scenario.