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Commerce Legal Aspects Of Business Difficulty: Medium

Under GST law, tax rates are determined by:

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The object of Filing is: In case of 'installment payment system', total interest receivable by the seller is credited to The act of making ones ideas and opinions known to others is said by_______. Assertion (A): Amended Patent Act, in compliance with WTO, provides for grant of product patent as well as a process patent for a period of 20 years from the date of application. Reason (R): Under the Act, patent may be granted to an invention which means a new product or process involving an inventive step and capable of industrial application, a technical advance over existing knowledge. Stocks which has lower book for market ratio are considered as