Glossary
SEZ in GST: Full Form, Meaning, and Definition
SEZ stands for Special Economic Zone. These are areas in India that are treated as separate economic zones…
Glossary
IRN in GST: Full Form & Meaning
IRN stands for Invoice Reference Number in the GST system. It is a unique number generated for every…
Glossary
EVC in GST: Full Form, Definition & Meaning
EVC stands for Electronic Verification Code. It is a one-time password (OTP) used for the GST system to…
Glossary
DRC in GST: Full Form, Definition & Meaning
DRC stands for Demand and Recovery Case in the Goods and Services Tax (GST) system. It is a…
Glossary
Holding Company: Definition, Types, Advantages and Disadvantages
What is a Holding Company? A holding company is a business corporation or limited liability company (LLC) that…
Glossary
Understanding Royalty: Definition, Meaning, and Types
Understanding Royalty A royalty is a contractual payment made to the individual or company of a particular asset…
Glossary
What is Corporation? : Meaning, Types and Formation
Understanding Corporation A corporation is a type of legal entity that is separate from its owners. Created under…
Glossary
Insurable Interest: Meaning & Example
What is Insurable Interest? Insurable Interest is a financial stake or potential loss that a person or entity…
Glossary
Surcharge in Taxation: Definition, Meaning, and Applicability
Introduction to Surcharge If any individual falls in the higher income category, the Income Tax Department of India…
Glossary
Merchant Banking: Definition, Functions and Advantages
What is Merchant Banking? Merchant banking refers to a specialised financial service that is provided by banks or…