Net income vs gross income: what’s the difference?
Gross income is the total income from the sales of goods and services during a given period. Net income is the profit that remains after deducting total expenses from gross income. Understanding the difference between the two is essential to…
Private security agencies claim GST on commission, not gross income
The country’s private security agencies have reiterated their demand for the application of the 5% GST on their gross income or, failing that, the 18% GST applicable on their agency commission only. “Private security agencies are under financial constraints [due…