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business transactions

Unlocking GST: A Deep Dive into ITC Restrictions – Explore Why You Can’t Claim Input Tax Credit in These Scenarios

Certainly! Here’s a detailed guide on cases where Input Tax Credit (ITC) under the Goods and Services Tax (GST) in India cannot be availed, focusing on various categories like motor vehicles, food and beverages, insurance services, membership fees, and more, along with examples for better understanding: 1. Motor Vehicles and Conveyances Input Tax Credit cannot […]


Is it Right to Have Bill to Party Different from Sold to Party?

In the realm of business transactions, the relationship between the Bill to Party and the Sold to Party plays a significant role in determining the flow of invoicing, payment responsibilities, and overall customer experience. Let’s explore this topic in detail, focusing on the advantages, considerations, and best practices associated with having these parties differ. Understanding […]

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