Tax to be Collected by Seller of Goods / Provider of Services in certain cases

A seller of goods or provider of services is from 1st June 2016 required to collected tax at 1% from the buyer of goods / receiver of services, if whole or part of the payment is made is cash. Luckily this is not a blanket provision and applies only to transactions / invoices of over … Continue reading Tax to be Collected by Seller of Goods / Provider of Services in certain cases