non-resident taxable person definition

non-resident taxable person means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India;
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non-resident taxable person means a taxable person who occasionally undertakes transactions involving supply of goods and/or services whether as principal or agent or in any other capacity but who has no fixed place of business in India;
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non-resident taxable person means any
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More Definitions of non-resident taxable person

non-resident taxable person means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent
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non-resident taxable person means a ny p erson w ho occ a s ion ally u n d er t ake s t ra n s action s involvin g s u pply of good s or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India;
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non-resident taxable person means a taxable person who occasionally undertakes transactions involving supply of goods and/or services whether as principal or agent or in any other capacity but who has no fixed place of business in India;However, it appears that the suppliers registering under this category will be undertaking supplies occasionally like attending the exhibitions etc. or supplying in specific seasons.The e-commerce operators operating from outside the country may have to take a regular registration. There are many e-commerce sites like overstock.com which are supplying from overseas. There are apprehensions that e-commerce operators from India will have to deduct TCS putting them at a disadvantage when compared with global players in the same field.Shifting of profits across borders The e-commerce operator are having presence in many countries and procuring the goods from different countries or providing platform to the traders of different countries. They are playing on the tax leverages some time and ready to shift their base from one country to another country depending on the tax advantage. Similarly goods traded through these operators may be transported from the country other than the country of origin thereby defying the provisions relating to rules of origin. This has caused the problem with regard to levy of proper customs duty on the goods and in many cases shifting of profit base to avoid income tax. India specific challenges for Cross Border E-Commerce Business challenge - Lack of internet penetration in rural areas Business Challenge – Poor Supply chain system and logistics Tax infrastructure challenge -Weak FPOs and Courier cellsTax Infrastructure challenge – Lack of sufficient computerization; Data Quality Legislative changes to strengthen clearance process and have a clear rule position on returns. Adapt laws to permit faster clearances and mitigate delays Payment gateways still in infancy and limited use of credit cards and electronic payment methods Consumer Protection: India has the Consumer Protection Act 1986. However, nothing in the Act refers explicitly to e-commerce consumers. It provides for regulation of trade practices, creation of national and state level Consumer Protection Councils, consumer disputes redressal forums at the National, State and District level to redress disputes, class actions and for recognized consumer associations to act onbehalf of the consumers. The Act provides a detailed list of unfair trade practices, but it is not ...
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non-resident taxable person means any person who occasionally
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non-resident taxable person means any person who occasionally undertakes transactions involving supply of goods or services or both,
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non-resident taxable person means any person who occasionallyundertakes transactions involving supply of goods or services or both, whether asprincipal or agent or in any other capacity, but who has no fixed place of business orresidence in India; (78) “non-taxable supply” means a supply of goods or services or both which isnot leviable to tax under this Act or under the Integrated Goods and Services Tax Act; (79) “non-taxable territory” means the territory which is outside the taxableterritory; (80) “notification” means a notification published in the Official Gazette and theexpressions “notify” and “notified” shall be construed accordingly; (81) “other territory” includes territories other than those comprising in a Stateand those referred to in sub-clauses (a) to (e) of clause (114) ; (82) “output tax” in relation to a taxable person, means the tax chargeable underthis Act on taxable supply of goods or services or both made by him or by his agentbut excludes tax payable by him on reverse charge basis; (83) “outward supply” in relation to a taxable person, means supply of goods orservices or both, whether by sale, transfer, barter, exchange, licence, rental, lease ordisposal or any other mode, made or agreed to be made by such person in the courseor furtherance of business; (84) “person” includes— (a) an individual; (b) a Hindu Undivided Family; (c) a company; (d) a firm;
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Related to non-resident taxable person

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • taxable person means any person who, independently, carries out in any place any economic activity, whatever the purpose or results of that activity.

  • Non-Resident means in the case of an individual, one who maintains a place of abode outside Hong Kong; and in the case of a corporation, one which is not incorporated in Hong Kong.

  • Investor-Owned Residential Loans means Loans, excluding advances made pursuant to Home Equity Loans, that are secured by mortgages on one- to four family residences or stock of cooperative housing associations that are not owner-occupied. These loans can be treated as Restructured Loans on a commercially reasonable basis and can be a restructured under terms separate from the Exhibit 5 standards. Please refer to Exhibit 2b for guidance in Calculation of Loss for Restructured Loans.

  • Designated Employer Representative (DER) means a designated school district representative authorized to take immediate action to remove employees from safety-sensitive duties, to make required decisions in the testing and evaluation process, and to receive test results and other communications for the school district.

  • non-taxable supply means a supply of goods or services or both which is not leviable to tax under this Act or under the Integrated Goods and Services Tax Act;

  • Affiliate Member means an individual who is an umpire, referee, coach or other official who is associated with the Association but who is not an Individual Member.