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PCI/BBS/201718/00713th June, 2017To,All Bayous Bharat Bill Payment Systematic Sir/Madam, Details required for migration to Goods and Services Tax (GST)Government of India (GOI) is likely to implement
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All bbpous stands for Business Property Statement, which is a form required to be filed by business owners to report their business property.
All business owners or entities that own or lease tangible personal property used in a business in the state are required to file the Business Property Statement.
The Business Property Statement can be filled out online or submitted in paper form. It requires detailed information about the business property owned or leased including cost, acquisition dates, and depreciation.
The purpose of the Business Property Statement is to assess and tax business personal property based on its value.
Information such as a detailed description of the property, cost, acquisition date, and useful life must be reported on the Business Property Statement.
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