The 'Goods and Services Tax' on services provided by a director to a company is: MCQ with Answer and Explanation

Explanation:
SEP deems a business connection if a non-resident has significant economic presence, even without physical presence.

Explanation:
The Partnership Act 1932 mandates equal profit sharing if the deed is silent. It also states that no interest on drawings shall be charged if the deed is silent. S1 is correct, S2 is incorrect.

Explanation:
Sundry Creditors are amounts owed to suppliers for goods purchased on credit, which are typically due within one year, making them a current liability.