Author: Mehul Jagwani

Small businesses with an annual turnover of less than Rs. 1.5 Crore have an alternative option to file their GST Returns quarterly instead of monthly. This facility is called the Composition Scheme. GSTR-4 is an annual return filed by businesses that opted for the Composition Scheme.  In this blog, we will discuss all the details… Continue reading GSTR-4 Composition Annual Return: Turnover Limit & Due Date

Since E-commerce operators are so busy in their day-to-day operations, they often delay or even forget their compliance obligations. As a result, they have to pay late fees or penalties. In rare cases, this may attract scrutiny from tax authorities.  Here’s the solution: Read this blog on GSTR-8 e-commerce GST return to learn how to… Continue reading GSTR-8: Importance for E-Commerce Operators, Due Date & Penalty

Did you know that a penalty of Rs. 10,000 or the amount equivalent to the tax amount must be paid if any mistake occurs in GST compliance? If you want to prevent such situations, then you must know the most common mistakes in filing GST returns.  In this blog, we shall discuss various types of… Continue reading Filing GST Returns: 5 Mistakes That Can Attract Penalty

According to IBM, the cost of data breaches in India is at an all-time high, reaching 19.5 Cr ($2.35 million) in the financial year 2024. The report highlights that India’s industrial sector was the most affected by data breaches, followed by the technology and pharmaceutical industries. If you believe your business is immune to these… Continue reading Secure Customers’ Data with the Best Billing Software

There are over 15 million freelancers in India, which is set to increase exponentially in the coming years. A recent study found that 58% of freelancers have experienced the situation of not getting payments for their work delivered. And they have to spend a lot of time following up with clients to get the payment.… Continue reading Overcoming Freelancers’ Challenges with the Billing Software

Since 1986, India has been using HSN, or Harmonic System of Nomenclature, to classify commodities for Customs and Central Excise. After the implementation of GST, the Ministry of Finance has mandated the furnishing of an HSN code in invoices if your business’s annual turnover exceeds 1.5 Cr; since the use of HSN code is widespread… Continue reading Understanding HSN Codes in GST