Goods and Services Tax (GST) is a destination-based consumption tax that was introduced in India in 2017. Under the GST framework, the concept of zero-rated supply is of significant importance, especially for businesses engaged in exports and supplying to Special Economic Zones (SEZs).
Learn about the tax exemptions enjoyed by educational and medical institutions and the implications for other charitable organizations.
Date : ……… Stock Audit of… Objectives of the Stock Audit To ascertain whether physical stock tally with the stock as per books/stock registers as of ……. To ensure proper internal control over stock management. To ensure proper preservation/storage and handling of stock. To identify whether there exists any obsolete/expired stock & if yes, whether […]
One person Company is totally a revolutionized concept brought by Companies Act, 2013 where a single person can easily form a company of his own enjoying both the benefits of sole ownership as well as corporate identity.
The taxpayers are curious as to what shall be done before this year end to better prepare for the new financial year 2023-24. How should a taxpayer prepare himself for this year’s march ending?
MSME sector is the backbone of Indian Economy. It generates huge employment in India. The Government of India also wants to empower the MSME Industries. Various steps are being taken by Government to enhance MSME Industry. Out of many, today we will discuss 2 major steps, which are taken in the Form of Udyam Registration […]
Assessee cannot be called upon to pay the tax which has been deducted at source from his income, even though not deposited by his employer – Quashes demand on employee arising from TDS not deposited by Kingfisher Airlines.
Understand the provisions for GST registration and revocation. Learn about the various situations in which registration can be cancelled.
Statement of Cash Flows (IND AS -7) by incorporating Companies (Indian Accounting Standards) Amendment Rules 2022 Statement of Cash Flows is an integral part of Financial Statements as per Indian Accounting Standards regime. Following are important Financial Statements of a Joint Stock Company as per IND AS regime. 1. Statement of Profit or Loss 2. […]
A comprehensive guide on the presentation of financial statements: IAS 1 and Ind AS 1. Learn about the similarities and differences in presentation criteria.
