Business Glossary
Clear, concise definitions of key business terms in payroll, finance, HR, compliance, and outsourcing. Your reference guide from MYND's domain experts.
Showing 15 terms starting with "G"
Clear filterGeneral Ledger (GL)
General Ledger (GL) The General Ledger (GL) is the central repository of financial data for an organization.
View definitionGlobal Business Services (GBS)
Global Business Services (GBS) Global Business Services (GBS), also known as Global Business Services, Shared Services , or Business Process Outsourcing (BPO) in its broader sense, refers to an...
View definitionGrade Structure
Grade Structure A grade structure , often referred to as a job grading system or job evaluation structure , is a systematic framework used by organizations to categorize and rank different job roles...
View definitionGratuity Calculation
Gratuity Calculation: Understanding Employee Entitlement Gratuity , in the context of employment, refers to a lump sum payment made by an employer to an employee as a token of appreciation for their...
View definitionGrievance Management
Grievance Management Grievance Management is the formal systemic process utilized by organizations to receive, investigate, resolve, and prevent employee dissatisfaction or allegations of unfair...
View definitionGross Salary
Gross Salary Gross salary , also known as gross pay, refers to the total amount of money an employee earns before any deductions are taken out.
View definitionGroup Medical Insurance
What is Group Medical Insurance? Group Medical Insurance is a type of employer-sponsored health coverage purchased by an organization and offered to its eligible employees, and often to their qualifie...
View definitionGroup Personal Accident Insurance
What is Group Personal Accident Insurance? Group Personal Accident Insurance (GPAI) is a specialized employer-sponsored insurance policy designed to provide financial compensation and medical protecti...
View definitionGroup Term Life Insurance
What is Group Term Life Insurance (GTLI)? Group Term Life Insurance (GTLI) is an employee benefit in which an employer provides a baseline level of life insurance coverage to its employees, covering t...
View definitionGST (Goods and Services Tax)
GST (Goods and Services Tax) The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax that is levied on every value addition at each stage of the production and...
View definitionGST Filing Services
GST Filing Services GST Filing Services refer to the professional assistance provided to businesses for the accurate and timely submission of Goods and Services Tax (GST) returns to the relevant tax...
View definitionGST Reconciliation
GST Reconciliation: Ensuring Tax Compliance and Financial Accuracy GST Reconciliation refers to the process of comparing and verifying the Goods and Services Tax (GST) related financial data recorded...
View definitionGSTIN (GST Identification Number)
GSTIN (GST Identification Number) The Goods and Services Tax Identification Number (GSTIN) is a unique, 15-digit alphanumeric identification number allotted to every registered taxpayer under the...
View definitionGSTR-1 (GST Return Filing)
GSTR-1 (GST Return Filing) GSTR-1 is a monthly or quarterly return that registered taxpayers under India’s Goods and Services Tax (GST) regime must file.
View definitionGSTR-3B (GST Monthly Return)
GSTR-3B (GST Monthly Return) GSTR-3B is a self-declared, summarized monthly return filed by registered taxpayers under the Goods and Services Tax (GST) regime in India.
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