I. Introduction: Determining an appropriate costing of your product can make or break your business. Most business owners fail to understand the importance of costing which can actually help your business avoid running into troubles such as loss of profits, time mismanagement and over budgeting. Knowing how much the company spends to produce a product is not enough when it comes to figuring out t......

Introduction: We are witnessing massive amount of foreign funds coming into India especially through investments into Start-ups. The government is also encouraging foreign investment through different incentives like liberalising FDI limit in various sectors. However, due to lack of awareness, often start-ups fail to comply with FEMA and RBI regulations with respect to Foreign investments and as......

Central Government has come up with a new scheme providing for some relief to employees in the country. As we all know, due to COVID-19 pandemic, people are not in a position to travel, and the employees earning Leave Travel Allowance (LTA) are unable to claim the respective exemption. So, keeping a view to let such persons claim LTA exemption and at the same time give a boost to the GST coll......

Introduction In the past couple of years, the Indian accounting landscape hasseen a spurt in the number of ERP softwareavailable to entities to choose from. To name a few - QuickBooks, Zoho Books, Marg ERP, Vyapar, Accounts ERP, etc. However, Tally still has a major market share in the number of users. It is considered as a one stop solution for all the accounting, compliance, and reporting needs......

What does charitable activity mean under GST Act? The Goods and Services Act also specifies the criteria to be called a charitable activity. They are: I. Public Health by Way of: (A) Care or Counseling of Terminally Ill Persons or Persons with Severe Physical or Mental Disability; Persons Afflicted with HIV or AIDS; Persons Addicted to a Dependence-Forming Substance such as Narcotics Drugs......

Registration of a business as a Firm or a Company is as important as developing the right product or service that can cater to the needs of business and deliver growth in years to come. In the world of business, the two terms - firm and company, are often used interchangeably but this choice can become a grave concern for start-ups. Forming a start-up often requires having realistic approach towar......