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Tag: gst

by basic mahitiPosted on21st June 202221st June 2022ACCOUNTING

How to Calculate GST? Formula and Examples

While it is imperative to register and file GST on your business transactions, it is also vital to understand the process of calculation of GST. As a…

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by basic mahitiPosted on24th January 202024th January 2020ACCOUNTING

Meaning of Debit Note and Credit Note and use in GST

MEANING OF DEBIT NOTE Debit Note is a document/voucher given by a party to other party stating that such other party’s account is debited in…

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by basic mahitiPosted on13th January 202013th January 2020ACCOUNTING

GST Composition Scheme

Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at…

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by basic mahitiPosted on28th September 201928th November 2020ACCOUNTING

What is cess?

Cess is a form of tax charged/levied over and above the base tax liability of a taxpayer. Cess meaning: Cess is a form of tax charged/levied…

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