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The GST credit that the taxpayer receives when they buy goods and services to manufacture or sell is known as the Input Tax Credit (ITC)...

Opening a bank account is an essential step in managing your finances. In India, it requires submitting specific documents to comply with...

A document created before selling goods or services is a proforma. This document is given to the buyer or customer inquiring about the...

For freelancers and professionals in India, managing taxes can be a daunting task, especially with fluctuating income and varying...

According to the Income Tax Act, an individual who must pay taxes or any amount of money to the government is an  income tax assessee ....

To alert taxpayers to inconsistencies in their submitted GST returns, the GSTN has been sending them SMS messages. The Central Goods and...

In India, the production, distribution, and use of products and services are all subject to the Goods and Services Tax (GST) , a...

Navigating the changing tax landscape has proven to be challenging for the media and entertainment industry. Consumer preferences change...

The goal of the introduction of the Goods and Services Tax (GST)  in 2017 was to establish a uniform tax system throughout the nation....

Advances are sums of money received before the delivery of goods or services. The time of supply rules determines when taxpayers must pay...