India is a nation that is emerging towards the greatest days of all time. With the literacy rate up to almost 75% of 132 crores of population, people are now ready to educate themselves and find transparency in everything that the…
What Is Invoice Numbers Importance On A GST Invoice?
What is an invoice number? Each person or business registered as a taxpayer is given a unique consecutive number for identification of the flow of payments known an Invoice Number. It enables the government to keep track of funds that rotates across…
Why to Use an Invoice Generator Software?
An invoice generator software helps create invoices and credit notes under the standard format. It enables accountants and business owners to calculate the taxable amounts, keep track of all transactions, and interact with vendors/customers. Integrated bookkeeping software like Imprezz rids businesses…
Rules to Follow When You Export Under GST
Managing invoices and following the prescribed rules is vital to export under GST. The registration process is mandatory for goods or services exported to places not included in the domestic territories. Registration allows exporters to leverage the schemes in terms of…
How to Scale Account Management for Business Growth?
Small businesses in India must prioritize leveraging account management to drive massive business growth. Many startups often tend to operate with a motive to sustain. Thereby, they overlook that having formal systems and design at an initial stage can take the…
Changes Under New GST Return Format
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…
