Input duty credit in GST, As defined by section 2( 57) of the MGL( Model GST Law) and section 2( 1)( d) of the IGST Act, Input duty is related to a taxable entity which means the( IGST and CGST) in respect of CGST Act and( IGST and SGST) in respect of SGST Act is […]
Input tax credit in GST? Read More »
All persons with taxable income must file a tax return each fiscal year. After filing the tax return, the income tax department would reuse the return and check for any errors. However, a summary assessment under Section 143( 1) can be completed without calling the assessee, If the errors in an income levy notice are
Reasons why you get a notice under section 143? Read More »
In light of the recent shock of demonetization, the Indian government’s drive to move India into a more digital, more compliant, and latterly a more vibrant economy was clear from the budget. With MSMEs being hit the hardest with demonetization – the budget announced on Feb 1st laid out some good impulses to encourage growth
What’s Msme, Its Importance, Advantages & Scheme? Read More »
In this scheme, the employer has to contribute 4 of the total monthly salary which is payable to the employees. On the other hand, every month the employee has to contribute 1 of their monthly salary per year. The exemption of the contribution is given to those people who have a salary of Smaller than
ESIC Registrations, Benefits, Process & Documents Required For Esic Enrollment? Read More »
On the 18th of June, 2017, the GST Council in its 17th meeting decided to extend the timeline for invoice–wise return documents in Form GSTR-1 and Form GSTR-2 for the first two months of the GST period. The move was made to give relief to businesses, and to smoothen the roll-out of GST across the
What is GSTR-3B? Know the penalty for not filing GST R3B? Read More »
Cheques, Virtually every grown-up today would have come across this instrument while either paying for rent in advance or while finalizing a business deal or home loan. Those who are into a business most certainly have come across this important fiscal instrument in the business world. It won’t be a mistake to say that virtually
What’s a post-dated cheque & how to write it? Read More »
If you’re running a business, increasing sales is likely one of your top priorities. However, it’s easier said than done. With so much competition in every market, it’s challenging to stand out and grab the attention of potential customers. But don’t worry, we’ve got you covered. In this blog, we’ll share some proven tips that
Revenue Boosting Secrets: Proven Tips To Skyrocket Your Sales Read More »
Inventory management helps businesses know the right quantum of stock to order at the right time. Whether you run a small business or a large enterprise, inventory management needs to be accurate and flawless at all points. One of the primary effects which will give a clear picture of the fiscal health of your business
How Barcode Inventory Systems Can Change The Way Small Businesses Operate? Read More »
An ageing inventory report also called an aged inventory report or stock ageing report, provides key metrics on how snappily your inventory moves. It’s a list of the particular on hand grouped by the length of time in inventory. It can help reduce your cost of storing inventory by furnishing information on what inventory to
What You Need to Know About Stock Ageing Reports and Their Benefits Read More »
Earlier Most businesses used to have longer ranges where guests had to keep staying for an hour to get the bill. New billing software has still changed the game entirely. Those traditional styles of curating bills from scrape have gone out the window with indeed the lowest of stores conforming to new software. Billing software
Advantages & Disadvantages Of Billing Software, Important & Features Read More »
