Discover a wealth of insightful materials meticulously crafted to provide you with a comprehensive understanding of the latest trends.
Most small businesses and freelancers initially incline towards excel or word to accomplish accounting functions. Although it is believed to be professional, the traditional methods are outdated. The updated GST bill format demands businesses to use Online Invoicing software instead of excel. SaaS invoicing or Online invoicing Software is an ideal alternative as it provides […]
Section 271(c) of Income Tax Act penalizes 100% to 300% on GST tax evasion. Recently tax evaders were found using fake invoices in their tax compliance. Thus, to bring an effective measure against tax evasion, India’s government has launched GST e-invoice under GST applicability. E-invoicing GST India is applicable for taxpayers with a turnover exceeding […]
Building a successful small business in India begins with taking baby steps and dreaming big. Successful businesses are those that run-in profit. Which means everyone is eagerly looking for ways to improve business efficiency. Is increasing profits enough for small businesses to grow? Consistent growth is vital for a company to sustain in the long […]
As of 17th July 2020, nearly 13,616,593 people are infected by COVID-19, including 585,727 deaths. THE first COVID-19 case in Kerala was reported in late January. After that, the GDP rates in India has slashed due to the prolonged lockdown. The most affected industries include travel & tourism, manufacturing, financial services, construction, and mining. Nation-wide […]
An online quotation creator is an excellent tool for businesses to upscale the chances of getting compensated. Have you ever wondered how you could use an online quotation maker to market the goods and services your business offer? Amidst the ongoing COVID-19 economic crisis, most businesses are now shifting their focus towards implementing online marketing […]
The e-invoicing was implemented by the GST Council on 1st January 2020 voluntarily. It was implemented to report B2B invoices. On the 37th GST Council Meeting held in Goa, the council approved the standardized e-invoicing format for all the taxpayers. 1. What is an e-invoice? E-invoice or electronic invoicing is an integrated electronic format. It […]
The COVID-19 pandemic has adversely affected the Indian Markets. Businesses are walking to halt on a microscopic level. Operating with minimum employees has made it tough to manage cash flow. Can hiring the best billing software help with tax compliance and other business operations? Amidst the ongoing economic crisis, India’s government has offered several relaxations […]
The government of India approved the Standard GST Invoice Template on its 37th GST Council Meeting. In January 2020, the e-invoicing was accepted by the GST Council. Like the new GST filing system, the electronic invoicing standard will be applied on a voluntary basis. The new GST invoice template is implemented to ensure that one […]
Managing financial transactions is crucial for a business to succeed. Often, Small business owners are self-reliant and choose to manage everything themselves. Using accounting software in such a case is one great way to save some extra money. The software designs vary with scope. They are designed differently concerning the business scale. In today’s technologically […]
As a small business owner, you try to streamline your business finances from the start. It is necessary to generate and send effective online invoices to the customers and also create a payment reminder if your invoices are not paid on time. Once you create an online invoice, you send it out immediately when the […]
