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…
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…
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…
Impact of GST on Indian Economy during COVID-19
The GST council of India has completed three years of the GST regime. However, the government is still striving to address various issues and concerns to build a sound taxation system. While the government was resolving downsides concerning the impact of…
How Tax Calculations Have Changed During COVID-19
The COVID-19 pandemic has led to a set of unfortunate outbreaks of the Indian economy. Economic activities had come to a standstill due to the nation-wide lockdown imposed by the government. The impact prompted the government to change tax calculations to…
Is It Okay to Create Invoices Without Company Registration?
Are you struggling to sort your invoice creation confusion? In a nutshell, you need not have a limited company to create invoices. There are several businesses across the country that operate as a sole proprietor. You can legally issue an invoice…
Proforma Invoice Under GST – Meaning, Templates and More!
What does it mean when you receive a bill marked as a proforma invoice? Is it compulsory for the sellers? Does the invoice provide a specific time frame to act upon? Can we pay the GST against a proforma? The article…
Impact of GST on Export of Goods and Services
The central government of India implemented the Goods and Service Tax (GST) back in 2016. Initially, the new taxation system created confusion concerning the possible impact of GST on the export sector of the Indian economy. Addressing the issue, the government…
Future of Accounting Software in India – Trends and Forecast
In today’s competitive world, technology has recreated the business landscape. Automation and systematic processing have effectively transformed the efficiency of business operations. The latest era has witnessed a revolutionary development concerning the field of accounting software in India. On-premises and cloud…
Cloud-Based Invoicing Software: Simplifing Your Business
Businesses can now switch to a faster and smarter mode of managing finances. Cloud-based invoicing software is an ideal platform to improve with the astute financial overview, collaborations, and teamwork. ST billing software that doesn’t operate over the cloud can curb…
