Input Tax Credit or ITC means the credit of GST tax (IGST/CGST/SGST) charged on the supply of any goods and or services that are used or intended to be used in furtherance of the sale of goods and services and includes the tax payable under reverse charge.
What Are The Different Types Of GST Invoices and Vouchers?
There are mainly 8 types of GST invoices and vouchers prescribed for different types of transactions. They are as follows: Tax Invoice. Bill of Supply. Receipt Voucher. Refund Voucher. Payment Voucher. Debit Note and Credit Note. ISD Invoice. Delivery Challan. Let us discuss the purpose of each in detail. GST Invoices and Vouchers 1.Tax Invoice […]
What is TTF Or Time To Fill?
TTF stands for Time to Fill. Time to fill is the time elapsed between engaging a candidate and his acceptance of your offer.
What is Revenue Per Employee?
Revenue Per EmployeeRevenue per employee is an operating performance ratio that is used to measures the average revenue generated by each employee of an organization.
What is Break-Even Point (BEP)?
Break-Even Point means to calculate financial feasibility for launching a new product or starting new ventures.