Accounting and reporting form the backbone of compliance of any company. The indirect tax GST regime in India prescribes the standards that need to be maintained for accounting pertaining to tax and other ancillary information. Records need to be maintained for the financial year starting in April and ending in March of the subsequent year….
GST returns are mandatorily required to be provided on a monthly basis under the GST regime. Ever taxpayer must file his returns diligently by the 20th of every subsequent month. In case such tax due has not been paid, it shall accrue from the day on which it was due to be paid. Further, the…
The Goods and Services (GST) Council so constituted, convened on May 18, 2017 to discuss and finalize GST rates for approximately 1200 goods spread across in almost 100 categories. Additionally, on May 19, 2017, the GST Council met to settle on the rates on services spread across 36 categories. According to the Revenue Minister Mr….
This article shall provide you with an insight into amending GST registration, applying for cancellation of registration and revoking the registration in case of its cancellation. GST Registration Basics – All You Need To Know 1. Amending the GST Registration – Supposing there is a change in the details that you have put in your…
Enterprise resource planning or ERP is a business process management software that enables an organization to use a system of integrated applications for business management through automated functions. These functions include assisting back-office functions of technology, services, and human resources. These are 6 ways to optimize organization performance using ERP. Various organizations across sectors have…
Over the last decade, HRMS implementation has helped companies to save HR administration costs. Business owners using HRMS until now will unanimously agree that setting up an in-house HR department is quite expensive in comparison. Every company embarks upon with an aim to make a profit and reduce cost. HRMS allows you to streamline HR…
The previous decade has conveyed exceptional changes to the way we work together. The web has developed, cell phones are a piece of regular life, and mobile-based systems have become standard. New patterns, empowered by these major advancements, are developing that will facilitate your business. Mobile ERP technology is very trending right now. The good…
With countries like India and China propelling consumerism, there is a lot of activity on the e-Commerce front. New start-ups are being formed every day and there is a lot of activity when it comes to retail marketing. E-commerce companies have found a new lease of life thanks to venture capitalists and angel investors, all…