Goods that have HSN Code 3004 GST Rate are pharmaceutical products including medicaments, antibiotics, and health supplements, which are an important component of the healthcare trade in India. But it…
The just-in-time (JIT) inventory management is basically the way how Indian businesses are going to change the ways of maintaining the stock. Companies no longer hold excess inventory but order…
The inventory holding cost is the total cost which a business will have to incur to hold, maintain and manage the unsold goods. This includes warehousing, insurance, depreciation and even…
The trial balance accounting is important for every Indian entrepreneur and accountant who wants to keep accurate books of accounts. It is the initial check point in financial reporting, which…
Tax compliance is an important part of operating Indian businesses, particularly when it comes to consumer goods. HSN Code GST Rate 9603 is for the daily items such as Toothbrushes,…
The Accounting rate of return (ARR) is one important financial estimate for the Indian business owner to measure the profitability of investments. It determines the expected amount of accounting profit…
Compliance with Section 286(2) Income Tax Act is not mere legal formality – it’s an important requirement for businesses dealing in righteous overseas trade or functioning as subsidiaries of multinational…
The section 244A of Income Tax Act is extremely pertinent for all Indian taxpayers, particularly when it comes to refund purposes. This section is applicable for the interest payable to…
The goodwill in accounting refers to the intangible asset that differentiates a business. These includes reputation, loyal customers, strong brand image, and trusted relationships that are intangible and go beyond…
Every service-based business in India is identified under a certain unique code for GST purpose, known as a Service Accounting Code (SAC). Of these, the 9983 SAC Code covers “Other…
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