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MARIANO MARCOS STATE UNIVERSITY Procurement Division Request for Quotation (RFQ) (Goods and Services]Document CodePDFRM002Revision No. Effectivity Date4 Page 1 of 3 January 8, 2021REQUEST FOR QUOTATION
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What is goods and services?
Goods and services refer to the various products and commodities that can be sold or provided to consumers, including physical items (goods) and intangible offerings (services).
Who is required to file goods and services?
Typically, businesses and individuals engaged in commercial activities, including sales of goods and services, are required to file goods and services reports or returns, often as part of tax filings.
How to fill out goods and services?
Filling out goods and services generally involves providing detailed information about the items sold or services rendered, including descriptions, quantities, prices, and any applicable taxes, often through a prescribed form.
What is the purpose of goods and services?
The purpose of goods and services reporting is to ensure accurate tracking of transactions for tax purposes, compliance with regulations, and to provide valuable economic data.
What information must be reported on goods and services?
Information that must be reported typically includes the type of goods or services, transaction amounts, dates of sale, buyer details, and any taxes applied.
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