4) Malathi purchased a house through an agent. The
agent accepted the commission amount in cash but
did not issue a receipt to her.
Answers
Answered by
7
✌❤heya chiku❤✌
✔because his person will also earn money. when he has to buy his house. he wants to get some money.he did not issue a receipt u ....✔
✌❤i hope help u chiku❤✌
✌❤shivam sharma❤✌
Answered by
4
Malathi purchased a house through an agent. The agent accepted the commission amount in cash but did not issue a receipt to her maybe because the commission amount was law.
Explanation:
- An agent is an individual or company that facilitates a deal between two parties. It may be a service or good.
- In the given situation, Malathi has purchased the house and gave commission to an agent.
- According to GST laws, the commission charged by the agent on the purchase of land is eighteen percent.
- Malathi might have given the lower commission that’s why the agent has not given her receipt for the same.
- Such kind of practice prevents the revenue collection and proper record maintenance of the business.
Learn more about GST Laws:
How many amendments of GST Laws were approved in a Cabinet meeting chaired by Prime Minister Narendra Modi on 1st August 2018?
A.26
B.35
C.46
D.15
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