Impact of GST on Export of Goods and Services
The introduction of GST has transformed the way exports are handled in India by creating a more transparent and simplified tax structure. Under GST, exports are categorized as zero-rated supplies,…
The introduction of GST has transformed the way exports are handled in India by creating a more transparent and simplified tax structure. Under GST, exports are categorized as zero-rated supplies,…
Section 17(5) of the CGST Act, commonly known as blocked credit or ineligible input tax credit (ITC), is an important provision as it directly affects GST cash payments and working…
Staying updated with GST news is crucial for every business to ensure timely and full compliance. Here, we bring you the latest developments from the CBIC, GST Council, and GSTN…
Earning revenue is the primary objective of every business. There are different ways to achieve this, and to keep track of performance, businesses generally prepare two major financial statements: the…
India’s total debt has become a key economic indicator, reflecting how effectively the nation handles its financial responsibilities. As of early 2025, the country’s total debt is estimated at around…
Form 13 is used by taxpayers to request the Assessing Officer of the Income Tax Department for a nil or reduced deduction of TDS. In many cases, the actual tax…
Leave Travel Allowance (LTA) is provided by an employer to cover an employee’s travel expenses, usually for a vacation. As per Section 10(5) of the Income Tax Act, LTA is…
Depreciation under Section 32 of the Income Tax Act, 1961 is a deduction allowed for the decrease in the value of tangible and intangible assets that are used in the…
According to the Income Tax Act, filing your Income Tax Return (ITR) within the due date is mandatory. If you fail to do so, you may face heavy penalties and…
People may wish to change their names for several personal, professional, or cultural reasons. Since a name is a key part of one’s identity and appears on important documents such…