The section 194NF of the income tax act was imposed by the Government of India to deter the heavy cash transactions and encourage digital payments. It affects both individuals as…
Mostly the foreign taxpayers providing goods and services in India are not able to comprehend GST return filing. The GSTR 5 is a monthly return form that needs to be…
Filing GSTR 6 in time is an important task that must be performed by the Indian Input Service Distributors (ISDs). This monthly return Enables businesses in their end to report…
The 18 Percentage GST has been something familiar to all businesses and people throughout India. It is used as the default tax slab of a large range of goods and…
Understanding the advantages and disadvantages of GST goes beyond being aware of tax rates or filing returns. For Indian businesses, it’s how GST has recent constructions or alterations in day-to-day…
Good financial reporting doesn’t happen by chance, it has a solid foundation rooted in good principles. The fundamental assumptions of accounting are the invisible framework that make every business company,…
Understanding the HSN code GST rate 2106 is important for the Indian small and medium businesses working with miscellaneous edible preparations. HSN 2106 is made up of a range of…
Keeping on top of your business accounts can sometimes feel like being a juggler, especially when you have payments and receipt from many customers. This is where bills receivable journal…
Every product that is sold in India under the Goods and Services Tax (GST) regime is classified by use of an HSN (Harmonized System of Nomenclature) Code. This system helps…
The section 40B is very crucial for the partnership firms and the accountants in India. This option defines how the remuneration, paid to the partners, will be treated as a…
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