The recent GST reforms have been a major game-changer in the business world. There were new policies introduced, new tax reforms implemented and new categories defined, most of which have perhaps been too complicated for us to understand. Or so it seems. The truth is, good accounting software can lead you out of this trouble…
With the onset of GST, there are many questions unanswered. A lot of confusion prevails regarding the revised treatment of business critical aspects like invoicing, provisions regarding credit and debit notes etc. This article is an in depth coverage of all the relevant norms you need to know as per the government guidelines regarding Invoice Rules…
Is the GST a boon or a bane? Is it going to affect you greatly or benefit you in a positive way? What is the tangible impact of GST? The GST reform has transformed the nation by sweeping dust under the carpet and ironing out the kinks in the tax system in the country. The…
Every business dreams of growing higher, earning more profits, making higher investments, and of course, reaching out to more and more customers. A business may start within a single locality, but soon it’s geography spreads out to other localities, towns, cities and even across states until the entire country becomes its target. In terms of…
Management of working capital is a chaotic task that all businesses have to take care of – working capital helps to stem the needs that arise from daily operational activities of a business and is required by small and large businesses alike, irrespective of their size. Ill management of the working capital of a business…
Compliance with accounts and taxation in India is a concept that has been around since the early 90s. Earlier, technology was used for the administration of tax by various tax departments on the backend of a business. Once online filing of returns was brought into the foray, there was a shift in the need and…
The GST is about to bring the Indian marketplace into the foray of a single unified tax system – the largest tax reform that the nation has witnessed since independence. The aim of the GST is to subsume all the existing taxes into a single tax for bringing about ease of credit flow across the nation…
An Assocham-Forrester study suggests that India has become a huge e-commerce hub with total projected revenue growth of INR 12,000 crores in 2020. This sector is said to have a 51% annual growth rate – something the world can look at in awe. In the recent past, steps taken by the Indian government such as…