Cost audit and cost records serve as essential tools for achieving these objectives, enabling companies to monitor, control, and optimize their expenses. Cost audit and cost records play a crucial role in the financial and operational management of companies.
Learn about GST debit notes, their issuance, reporting, and ITC claims. Understand the rules, time limits, and impact on supplier and recipient returns.
Supreme Court advises High Courts to prioritize criminal appeals of elderly accused on bail, especially in old cases, to ensure fair justice and legal balance.
AI and automation are reshaping Indian jobs. Learn about skill gaps, industry impact, and future opportunities in IT, finance, healthcare, and more.
Income of minors is clubbed with parents’ income unless earned through personal skill or manual work. Tax planning strategies can help reduce tax liabilities.
The Dead Horse Theory in IT explains why companies persist with outdated projects or technologies. Learn its risks and how to avoid wasted resources.
The Goods and Services Tax (GST) framework differentiates between Casual Taxable Persons (CTP) and Non-Resident Taxable Persons (NRTP), each with distinct compliance requirements. A CTP is an Indian entity or individual supplying taxable goods or services in a state where they do not have a fixed business presence. Conversely, an NRTP refers to a foreign […]
From April 1, 2025, ISD registration under GST becomes mandatory for businesses with multiple GST registrations under a single PAN, ensuring fair ITC distribution.
The initiation of Corporate Insolvency Resolution Process (CIRP) under Sections 7-10 of the IBC involves different creditors and procedures for corporate debtors facing defaults.
Analysis of 1989 economic policy debate between Nani Palkhivala and Madhu Dandavate, examining globalization’s impact on India’s social fabric.
