What is Input Tax Credit ? Input Tax Credit (ITC) is a crucial aspect of the Goods and Services Tax (GST) system, benefiting businesses by allowing them to offset the tax paid on purchases against their tax liability on sales. Under GST, every purchase is matched with a corresponding sale, ensuring a seamless flow of […]
Input Tax Credit (ITC) and tips for maximizing ITC. Read More »
Taxes can be confusing, especially when it comes to sections like 144B. But understanding what this section is all about is essential for taxpayers like you. “Section 144B is a crucial provision in the tax code, giving tax authorities the power to reassess taxpayers’ income. Understanding its implications is vital for taxpayers to navigate the
Decoding Section 144B: What Does It Mean for Taxpayers? Read More »
what is Trademark ? In the competitive business landscape, creating a distinct identity is essential. A trademark serves as a vital instrument for safeguarding this identity. It can take the form of a symbol, word, phrase, logo, or a mix of these elements that uniquely identifies a product or service. In essence, a trademark acts
Trademark registration and its benefits. Read More »
What is the limit for GST Registration ? If the annual turnover of any person exceeds the exemption limit,(Rs 40 Lakhs for some states its 20 Lakhs) then he will have to register himselfunder the Goods and Services Tax Act. This is also known as a GST registration limit or GST threshold for Registration. GST
GST registration and its features Read More »
