Understanding the Open Credit System: A Comprehensive Guide
Understanding the Open Credit System: A Comprehensive Guide
The open credit system is a new and innovative way of extending credit to individuals and businesses....
GST Transition – Transitional Income Tax Credit Under GST
When GST is applied, it absorbs multiple taxes (VAT, Excise, and Service Tax) into one. It is very important to implement a variety of...
The Timeless Charm of Cheques: A Nostalgic Payment Method
Introduction
In today's rapidly evolving digital landscape, where transactions are often completed with a swipe or a tap, it's easy to overlook the enduring charm...
Understanding the Increase in Authorized Share Capital: A Comprehensive Guide
Introduction
In the corporate world, authorized share capital plays a crucial role in determining a company's financial strength and growth potential. Authorized share capital refers...
Tax Collected at Source (TCS) under Good and Service Tax System (GST)
Latest Update as on 18 April 2020
According to the GST law, the e-commerce business owners are not permitted to get TCS enlistment in certain...
Understanding GST on Clothes: A Comprehensive Guide
Goods and Services Tax (GST) is a consumption-based tax levied on goods and services in India. The GST regime has brought about significant changes...
Everything You Need to Know About the Reverse Charge Mechanism (RCM) under GST
Reverse Charge Mechanism (RCM) is an important concept under the Goods and Services Tax (GST) system. It is a mechanism where the liability to...
ERP Vs CRM: Which Is Better For Your Business?
We are now living in a digital ERA where everything is getting digitized and so is the way of our work culture. ERP and...