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SGST (State Goods and Services Tax): When purchasing or selling something within your state, an SGST tax is collected by your government and used for local projects, schools and other purposes that benefit the entire population of that particular state. The money collected stays within its borders to fund local needs or state initiatives.
The oldest cost (i.e., the first in) is then matched against revenue and assigned to cost of goods sold. Last-In First-Out (LIFO) is the reverse of FIFO. Some systems permit determining the costs of goods at the time acquired or made, but assigning costs to goods sold under the assumption that the goods made or acquired last are sold first.
Indexation allowance cannot create or increase a loss. Losses may only be set off against chargeable gains of the same or a future accounting period (except certain allowable losses of life assurance companies (see: I minus E basis). The UK operates a participation exemption called the "substantial shareholding exemption".
For the IT and software industries, change control is a major aspect of the broader discipline of change management. Typical examples from the computer and network environments are patches to software products, installation of new operating systems , upgrades to network routing tables, or changes to the electrical power systems supporting such ...
As a set of development policies, ISI policies are theoretically grounded on the Prebisch–Singer thesis, on the infant industry argument, and on Keynesian economics. The associated practices are commonly: an active industrial policy to subsidize and orchestrate production of strategic substitutes; protective barriers to trade (such as tariffs)
In the long-run, firms change production levels in response to (expected) economic profits or losses, and the land, labour, capital goods and entrepreneurship vary to reach the minimum level of long-run average cost. A generic firm can make the following changes in the long-run: Enter an industry in response to (expected) profits
Set-off may refer to: Set-off (architecture), horizontal line shown on a floorplan indicating a reduced wall thickness, and consequently the part of the thicker portion appears projecting before the thinner; Set-off (law), reduction of a claim by deducting the amount of a valid countervailing claim
CGST may refer to: China Graduate School of Theology; Chinese Giant Solar Telescope; Central Goods and Services Tax This page was last edited on 28 ...