Under Goods and Services Tax (GST) law, a bill or invoice is issued by the supplier as documentary evidence to prove that supply of goods and/or services has taken place. GST bills or invoice are used by the receiver to settle claims and file for input tax credit (ITC).A fake GST bill can be raised to falsely claim to comply with GST law. This helps fraudsters to evade … [Read more...] about How to identify a fake GST bill? A challenge for compliance and integrity
What are the benefits of filing income tax returns in India?
As a citizen, filing income tax return (ITR) is not just your legal responsibility, but also your civic responsibility. The Government of India has made it mandatory for certain types of persons to file their income tax return. Filing an income tax return (ITR) offers several benefits, both in terms of compliance and practical advantages. In this article we will … [Read more...] about What are the benefits of filing income tax returns in India?
How microeconomic variables impact the stock prices and return?
Microeconomics focuses on the behavior of individual agents such as consumers, firms, and industries, and how their decisions affect the allocation of resources.In relation to the stock market, microeconomics plays a significant role.Microeconomics helps to study the behavior of individual investors, and firms, as well as the dynamics of supply and demand for … [Read more...] about How microeconomic variables impact the stock prices and return?
Money Market vs. Capital Market: What’s the Difference?
Both capital market and money market are two essential components of the financial system. Both play crucial roles for a well functioning economy.The money market ensures liquidity and stability in the short term. On the other hand, the capital market supports growth and investments over the long term. In this article, we will discuss what is the capital market and … [Read more...] about Money Market vs. Capital Market: What’s the Difference?
Budget deficit: Types, Causes, effect and strategies to manage it
In simple words, a budget deficit means expenses exceed revenues. In relation to a country, a budget deficit occurs when the government of that country spends more money than it receives in revenue over a year.In this article, we will discuss what are the types of budget deficit, their causes and how to manage it.What are the types of budget deficit?Budget deficits … [Read more...] about Budget deficit: Types, Causes, effect and strategies to manage it