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The tax liability on a composite or a mixed supply shall be determined in the following manner, namely:-

In response to the notice issued to you in FORM GST DRC-13 bearing reference no._________________ dated  _____________, you have discharged your liability by making a payment of Rs. _____________ for the defaulter named below:

Ans. Refund of unutilized input tax credit is not allowed in cases where the goods exported out of India are subjected to export duty – as per the second proviso to Section 54(3) of CGST/SGST Act.

Understanding Bar Graphs A Simple Visual Tool for Data Representation

The TIN-NSDL portal offers an online platform for PAN card application, providing convenience through internet-based services. However, applicants also have the option to apply offline.

In the realm of finance, commission are a topic that often leaves investors in a state of confusion. What are commissions, and how do they impact your investments? This article aims to unravel the complexities surrounding commissions, shedding light on their advantages, disadvantages, and the key differences between commission-based and fee-based financial advisors.

Important Keyword: Section 49, Section 49B. GST Section 49B. Order of utilisation of input tax credit.- GST Section 49B. Order of utilisation of input tax credit.- (1) Notwithstanding anything contained in this Chapter and subject to the provisions of clause (e) and...

Limit Losses: Exit strategies can help minimize potential losses by selling an underperforming asset before it depreciates further.

Every registered person required to keep and maintain books of account or other records in accordance with the provisions of sub-section (1) of section 35 

In the labyrinth of business decisions, understanding the delicate balance between revenue, costs, and profitability is paramount. One tool that serves as a guiding light is break-even analysis. This financial compass helps businesses ascertain the magical sales number, beyond which they swim in profits. In this article, we unravel the significance, methods, and impacts of break-even analysis, demystifying its potential for businesses in India and beyond.