Tag: gst

Introduction In GST, the Input Tax Credit (ITC) mechanism allows businesses to claim credit for the GST paid on purchases used for making taxable supplies....

Home-Based Business Opportunities in India: A Strategic Guide for Aspiring Entrepreneurs I. Executive Summary The Indian entrepreneurial landscape is experiencing a significant transformation, with home-based businesses...

Understanding TDS & TCS in Accounting: Concepts, Journal Entries & Financial Impact In the world of accounting and taxation, TDS (Tax Deducted at Source) and...

Welcome to Day 4 of the 30 Days GST Challenge! Today, we focus on one of the foundational aspects of GST — levy and...

Introduction The taxable event under GST is the “Supply” of goods or services or both. This marks a major shift from the earlier indirect tax...