Tag Archives: #FinancialDilemma

If there is no GST on raw material input: Calculation of GST on sale value ?

GST on raw material input If there is no GST on raw material input, then there will be no GST charged on the sale of the. However, if raw material use in the production of a taxable good or service. Then GST will charge on the value of the final product or service at the… Read More »

What is it called when your expenses are greater than your revenues on an income statement?

Expenses Exceeding Revenues Income Statement An income statement, also called a profit and loss statement, summarizes a company’s revenues, expenses, and profits for a given period. It is one of the core financial statements used to assess the profitability and operational efficiency of a business. Here’s a basic structure of an income statement: Revenues (or… Read More »

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