A letter of credit, also known as a credit letter is granted from the bank as a guarantee that the seller will receive the payment on promised time from the buyer. If the buyer fails to pay, the bank will be responsible to make the payment on behalf of the buyer. It may be processed as financial assistance that is a loan.
Let us take a look at the genesis of GST, the charging section, which creates a levy of a consumption-based indirect tax on supply of goods or services or both....
If you have invested in a fixed deposit (FD) and have not linked your PAN (Permanent Account Number) with your Aadhaar, there are several implications for you. ...
In this article, we will learn the process of restoration of cancelled GST registration and more.
Step-by-step guide to reconcile GSTR-1 with GSTR-3B practically
Let's dive into the eye-opening book 'To Sell is Human' by Daniel H. Pink and discover how it can supercharge our careers. Get ready for a fun and enlightening ride!
This article delves into GoFirst's captivating voyage through bankruptcy protection, illuminating the provisions of the IBC 2016 that guided its flight, while offering a glimpse into the promising future that lies ahead.
A list of common mistakes that accountants or individuals may make while filing their income tax return (ITR).
Corporate social responsibility (CSR) is a broad concept that varies across companies and industries. To be socially responsible, a company should prioritise accountability to itself and its shareholders.
The government has issued a notification stating that the Goods and Services Tax Network (GSTN) will now come under the Prevention of Money Laundering Act (PMLA)
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