Accounting not only helps track your income and expenses; it also enables you to see the big picture.
Do Small Business Owners Need a GST Number?
GST registration is the first step to managing your company taxes efficiently while maintaining a clean record.
Cloud Accounting Software: Benefits and Features
Cloud accounting software or online accounting software is an accounting server hosted on a remote network. It is both safe and convenient. You can access your financial data anytime from anywhere. You get an up-to-date view of your financial data when…
E Invoicing: Seven Most Important Points You Need To Know Today!
[vc_row][vc_column][vc_single_image image=”25858″ img_size=”full” add_caption=”yes” alignment=”center”][ultimate_spacer height=”40″ height_on_mob_landscape=”20″ height_on_mob=”20″][vc_row_inner css=”.vc_custom_1634732218648{background-color: #f7f7f7 !important;}”][vc_column_inner][vc_custom_heading text=”What’s in this blog?” use_theme_fonts=”yes” css=”.vc_custom_1634818242758{margin-top: 25px !important;padding-left: 10px !important;}”][vc_column_text css=”.vc_custom_1634818144726{padding-bottom: 10px !important;padding-left: 10px !important;}”]1. How can I create an electronic invoice? 2. E-Invoicing Benefits 3. Disadvantages 4. How Can…
Enhancement of the GST revenue collections considered as the ‘new normal’: FM
Finance Minister Nirmala Sitharam has commended the taxmen for the measures of implementation while dealing with GST fraud. On Thursday, she stated that enhancing the GST revenue collections should now be considered the ‘new normal’. On the occasion of the fourth…
The Importance of SAC Code in Invoice
Business, national or global, is an ever-growing network of traders and consumers involved in the trade of many products and services. Without proper organizational tools, a business can go berserk. Thus, to streamline trade, product classification codes like HSN and SAC…
When is a Credit and Debit Note Issued?
Maintaining legally compliant, professional invoices is imperative to the operations of any business. But once you have created an invoice, it may not be the final one as there can be several changes due to various reasons in a single transaction….
HSN Code Made Mandatory On GST Invoices From 1st April 2021
As per the notification issued by the GST authorities in October 2020, the HSN codes are now mandatory on all invoices. According to this new regulation, GST authorities mandated the HSN code on all tax invoices from 1st April 2021. The…
GST shortfall may force government to borrow $22 billion
Due to the Goods and Service Tax (GST) shortfall, the government of India may need to borrow more for the second year straight. This government will use this amount in compensating the states for their revenue loss during the shortfall. The…
Covid-19 Crisis Makes Govt Extend GST Timelines
The government has extended the timelines for Income Tax and GST compliance amid the covid-19 crisis to ease the burden of coping with the tight deadlines during its second wave. As mentioned in the previous news article, the finance ministry had…
