Understanding Job Work GST Rate in India
The introduction of the Goods and Services Tax (GST) in India has significantly impacted the country's taxation system. One of the essential aspects of...
Understanding GST on Freight Charges: A Comprehensive Guide
Goods and Services Tax (GST) is an indirect tax that has replaced many of the previously existing taxes in India. GST applies to the...
Streamlining the Accounts Receivable Process: A Guide to Improving Cash Flow
Effective management of accounts receivable is a critical component of any business operation. Accounts receivable refers to the money that a company is owed...
Understanding GSTR-10: A Comprehensive Guide to Filing Final Return
The Goods and Services Tax (GST) is a comprehensive tax regime that has been implemented in India since 1st July 2017. The GST has...
Accounting Standard 1: Disclosing the True Picture of Financial Statements
Accounting is the language of business, and financial statements are the primary means of communicating financial information to external stakeholders. However, financial statements can...
Understanding the GST Exemption List: What Is It and Who Benefits?
The Goods and Services Tax (GST) is a value-added tax levied on most goods and services in India. GST has been implemented to simplify...
Mastering Receivable Management: Strategies for Efficient Cash Flow
For any business, cash flow is king. It’s the lifeblood that keeps operations running and allows for growth and expansion. One of the key...
Understanding the Basics of GSTR 7 – A Comprehensive Guide
What is GSTR 7 and How Does it Work?
Goods and Services Tax (GST) has been implemented in India since 2017, replacing the previous system...
Maximizing Your Income Tax Deductions: A Guide for Salaried Employees
Understanding Income Tax Deductions for Salaried Employees
As a salaried employee, you are required to pay income tax on your earnings. However, did you know...
Understanding the Impact of GST on Medicine in India
The Goods and Services Tax (GST) is a comprehensive tax reform introduced in India on July 1, 2017, which replaced several indirect taxes such...