As we all know, the whole world is suffering from a substantial financial loss due to the COVID-19 pandemic. On the other hand, India, with its vast population, is trying to bring in the best solutions to counter the crisis. Be…
Why GST Exemption on Goods is a Bad Idea?
Is GST exemption on goods a good idea? The ongoing economic crisis due to the COVID-19 pandemic has been extremely devastating. The government has announced various relief measures and relaxations to fight the Impact of GST on the Indian economy due…
5 Reasons Why Imprezz Integration with Tally will Help GST Accounting
Integrating business data can be a tedious task for accountants and businesses. Amid the cut-throat competition, it is difficult for business owners to focus on compact details of GST accounting aspects. However, maintaining adequate financial reports, records and functionalities are vital…
What is Accounting Standards?
Accounting is a comprehensive process of recording transactions. It portrays financial data that help readers draw conclusions and make business decisions. Accounting procedures are incorporated with standardized guidelines for disciplined execution. These guidelines are usually known as accounting policies. Standardized accounting…
Why the Government Gave GST Audit Extension and What It Means?
India’s government has extended the due dates for filing GST returns and audit reports of financial year – 19 to 30th September 2020. The second GST audit extension was provided to e-way bills until 24th March. The validity of the same…
Special Cases: Goods and Services Tax Invoices Format Relaxations
Goods and Service Tax invoice is a commercial bill of sale issued by the sellers to recipients of products or services. According to section 31 of the CGST Act, it is mandatory to issue tax invoices for any goods or services…
Imprez.in Now Launches Import Function to Rationalize Accounting Solutions.
Imprezz is an all-in-one accounting software for small businesses, freelancers and solopreneurs. The exciting new feature makes it highly integrated. The updated import function on the software aims at simplifying your accounting operations. Imprezz manages everything from your business accounts to…
Latest Updates in GST Invoice Rules: COVID 19
The government of India has rolled out several tax reliefs and measures, concerning the impact of GST on Indian economy due to COVID-19. The GST council has implemented strict GST Invoice rules to curb tax evasion. E-invoicing GST is compulsory for…
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How to Make Quotation Which Your Clients Accept?
[vc_row][vc_column][vc_column_text] Importance of Quotations and its impact to your business Small companies in India may attract more customers if they know how to create a quotation online that works for them. Many company owners are unaware that the manner in which…
How to Select the Best Accounting Software
Tracking transactions is vital for any business to succeed in the near future. Enterprises require the best accounting software to record income and expenses precisely. Today’s advanced invoicing software also enables business owners to file GST compliance in just a few…
