Tag Archives: #FinancialStress

What should I do when my application for GST registration got rejected?

Risk in GST registration on home address

GST registration If your GST registration application for has been rejected, you should carefully review the reasons provided for the rejection and take corrective action accordingly. The most common reasons for rejection include incomplete or inaccurate information in the application, non-submission of required documents, and failure to respond to queries or notices from the tax… 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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