Recent AAR rulings have raised questions on whether ITC on imports is subject to Section 16(4). While one ruling applies the time limit strictly, another highlights structural differences in import ...

The High Court ruled that buyers are not legally required to reverse ITC merely due to seller-issued discount credit notes. Rectification of GST returns was allowed where tax paid exceeded proposed ...

Accepting credit cards, debit cards and digital payments can help you grow your business, and it’s easy to get started. Square and PayPal are among the best credit card processors for small businesses ...

Want to send a professional invoice via PayPal? Follow this guide to learn how.

Taylor Medine is a staff writer for Forbes Advisor with over 10 years of experience writing guides and articles that demystify personal finance topics, such as how to repay debt, build credit and ...

Packaging tax bosses have been accused of “heavy handed” tactics after warning more than 2,000 producers they could be billed 5% of their turnover unless they pay up within 15 days. However, Defra has ...

Contractor’s Question: I won’t name names, but is it ok for a company to issue invoices and backdate them 10 days, thereby making them immediately due for payment? Expert’s Answer: I am not aware of ...

Lloyds Banking Group is closing its invoice factoring service for small business customers by the end of the year, according to a report. Invoice factoring is where a business sells its unpaid ...