Taxability of reimbursement of expenses
Reimbursement involves being repaid of what has been spent and restoring to an equivalent of something which has been paid. ‘Reimbursement expenses‘ have always been a point of debate in indirect tax […]
GST Valuation Rules
Value of supply of goods or services where the consideration is not wholly in money Where the supply of goods or services is for a consideration not wholly in money, […]
Valuation for GST
Currently, GST will be charged on the ‘transaction value’. Transaction value is the price actually paid (or payable) for the supply of goods/services between un-related parties (i.e., price is the […]
Indirect Tax: Definition and Nature
Indirect taxes are basically taxes that can be passed on to another entity or individual. It is usually imposed on a manufacturer or supplier who then passes on the tax […]
GST: Introduction
GST (Goods and Services Tax) is the largest indirect tax reform of India. GST is a single tax on the supply of goods and services. It is a destination based […]
Nature & Importance of Business Policy
As already observed, policies are basically formulated by the two management or the general management for guiding, directing and facilitating the thinking and acting process of the various functional executives, […]
Development of Business Policy
1. Environmental Scanning: Environmental scanning is the monitoring, evaluating and disseminating of information from the external and internal environments to key people within the corporation. Its purpose is to identify strategic […]
Classification of Business Policy
Policies may be divided into different types of policies from different approaches. A. On the Basis of Source: Koontz and O’Donnell divide the sources of policy into the following four […]
Mechanism or Policy making
Public policy refers to the actions taken by government its decisions that are intended to solve problems and improve the quality of life for its citizens. At the federal level, […]
Responsibilities & Tasks of Top Management
“A manager is not a person who can do the work better than his team, he is a person who can get his team to do the work better than […]
Objectives of Business Characteristics
Characteristics of Business Production or Trading of Good or Services for Sale If a business plans on selling a product, it has to either manufacture that product or purchase it […]
Classification of Business objectives
It is generally believed that a business has a single objective. That is, to make profit. But it cannot be the only objective of business. While pursuing the objective of […]
Types of objectives and their overall Hierarchy
1. Primary Objectives: These are the objectives for which a company has been started. Every business aims to earn more and more profits out of its working. Primary objectives are related […]
Setting of objectives, Key areas involved
8 key areas in which managers should set management system objectives are: Innovation: Innovation is the hallmark of progress and prosperity though associated with high degree of risk and uncertainty. […]
Concept of Long term planning
In the long term, companies want to solve problems permanently and to reach their overall targets. Long-term planning reacts to the competitive situation of the company in its social, economic […]
Concept of Long term planning
In the long term, companies want to solve problems permanently and to reach their overall targets. Long-term planning reacts to the competitive situation of the company in its social, economic […]
