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Supply Under Gst

Supply under GST is defined as the movement of goods or services from a taxable person to another taxable person in the course of business. It is a taxable event that triggers the obligation to charge GST. Types of Supply: GST Rate: The GST rate applicable to a supply depends on the nature of the […]

3 mins read

CST, Central Sales Tax

The Central Sales Tax (CST) is a indirect tax levied in India on the sale of goods and services by businesses located in the country. It is a concurrent tax, meaning that it is levied by both the central government and state governments. Rate of CST: Applicability: Modes of Payment: Refunds: Exemptions: Compliance: Key Points: […]

3 mins read

Cascading Effect

The cascading effect is a phenomenon in which changes in one part of a system have ripple effects or consequences that are felt in other unrelated parts of the system. Explanation: A cascading effect occurs when a change in one variable or system element causes a chain of reactions or changes in other variables or […]

3 mins read

Duty

Definition: Duty is a legal or moral obligation to perform a certain action or to fulfill a certain role. It is a binding commitment or responsibility to act in a particular manner or to provide a specific service. Examples: Types of Duty: Factors Affecting Duty: Importance of Duty: FAQs

3 mins read

Gst Returns

gst-return is a command-line tool in the GStreamer framework that returns the return value of a GStreamer element or plugin. Syntax: gst-return [element name] Example Usage: gst-return my-pipeline where my-pipeline is the name of a GStreamer pipeline. Output: The output of gst-return will be the return value of the element or plugin named my-pipeline. This […]

1 min read

Free Trade

Free trade is a trade regime that allows goods, services, and capital to flow across borders without any government restrictions or barriers. It is based on the principles of supply and demand, where prices determine the quantity and direction of trade. Key Features of Free Trade: 1. Absence of Barriers:– No tariffs, quotas, or other […]

3 mins read

Input Tax Credit

Definition: An input tax credit is a tax deduction or credit that is allowed for businesses for the taxes paid on inputs used in the production of goods or services. This credit reduces the overall tax burden on businesses. Eligibility: To be eligible for an input tax credit, the following conditions must be met: Eligible […]

3 mins read

Regressive Tax

Regressive Tax A regressive tax is a tax that disproportionately burdens low-income individuals and corporations. Definition: A tax system in which the burden of taxation increases with the proportion of income or wealth. In other words, people with higher incomes and wealth pay a higher percentage of their income or wealth in taxes than those […]

2 mins read

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