Introduction
Navigating your way through the complexities of Goods and Services Tax (GST) in business travel is no mean achievement. For corporates and small and mid-sized businesses (SMEs), GST implications are more than mere compliance, it affects profitability directly. Although GST has been introduced to make the tax environment simpler, numerous businesses continue to miss out on huge Input Tax Credit (ITC) due to improper invoicing, ineffective tracking systems, or ignorance. This is a comprehensive ebook for the finance heads, administrators, HR leaders, and SME founders who wish to simplify GST claims and minimize leakages in their travel and expense processes.
Why This eBook Matters
Missed ITC claims can reduce Indian businesses' annual profits by as much as 7-8% states ETCFO. It's not a trivial accounting glitch, it's a considerable loss that can be prevented with the right knowledge and execution. This eBook provides a strategic guide for businesses to grasp the intricacies of GST on travel, take full advantage of their eligible ITC, and make better financial choices.