Month: January 2021

CBIC Circular Clarification (June 2024)According to the CBIC’s circular issued in June 2024, businesses must claim ITC within the financial year of the self-invoice issuance. This clarification prevents delays accounting services for real estate in ITC claims and helps align RCM claims with the correct fiscal periods, ensuring that businesses avoid issues during audits or …

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Content Maintain key financial statements Income statement: Know your lead time. Bookkeeping, tax, & tax credits for startups. Online Bookkeeping Classes Most startup accounting also involves organizing separate ledgers for assets, liabilities, revenue, and expenses. With the creation of your startup, it is easy to get caught up in product promotion excitement. Proper bookkeeping and …

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