The Goods and Services Tax (GST) implementation has primarily impacted the way start-ups operated in India. It has significantly increased the number of new start-ups in the past three years of successful implementation. The advent of a new tax regime was…
Transfer of Business and GST Implications
The advent of GST has led to significant changes in the way businesses operate across the nation. In the past few years, the need for corporate restructuring has increased the scope for transfer of business ownership. It is done majorly to…
How to Leverage Accounting Automation: Small Business Guide
Coming up with small business ideas and making it requires you to take actions. There’s a lot of thoughts that go into taking that call of making it happen. The success of your business is inversely proportional to the number of…
Accounting 101 – Ultimate Guide to Accounting Basics
Accounting is one of the most discussed topics in the world of business. Not only business owners, but even a regular employee is also familiar with accounting. They send bills, keep a record of profits, losses, and costs. Every business is…
Basics: Accounts and Records Under GST
Every registered person under GST must self-assess the tax obligations under section 59 of the CGST Act 2019. Taxpayers must file GST returns with assessed documents within the pre-determined tax period. The department of Goods and Services Tax (GST) in India…
Funding Guide to Your Small Business Idea
Businesses are primarily driven by the unique ideas that build them. However, the lifespan of a business is entirely dependent on its ability to sustain and grow. Which means it requires money; technical equipment, office space, website, initial financial security to…
Basics: Input Tax Credit – Comprehensive Guide
Goods and Services Tax (GST), so far, is one of the most nuanced tax reforms implemented by the Government of India (GOI). The primary agenda behind introducing GST was to eliminate the rippling effects of various taxes applicable under the Value…
Which GST Compliant Software to Use for Invoicing?
Small businesses in India are increasingly transiting to the Goods and Services Tax (GST) regime. GST accounting is a more comfortable and cost-effective approach to all the indirect tax systems that previously existed in the country. Since the GST launch in…
Basics: Time, Place and Value of Supply Under GST
The Goods and Services Tax (GST) regime has subsumed all the indirect taxes in the past few years of its successful implementation. However, the new tax calculation system has streamlined indirect taxes. The government has unified the current and previous tax…
How to Come Up with Hundreds of Small Business Ideas?
“Choose your dreams over your fears”. Starting your own business can be a daunting task. Yet, given an opportunity, most people in their 20’s are likely to become entrepreneurs. According to one of the recent studies, 39% of employees working in…
