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India’s indirect taxation system has evolved from Zakat and Value Added Tax (VAT) to Goods and Services Tax (GST). In this transition many changes are implemented for the benefit of small and medium businesses and to encourage ‘Ease of Doing Business’ in India. One of the prominent positive changes is Input Tax Credit under GST.… Continue reading Explained: Input tax Credit under GST (ITC)

Invoices form the core of a business, ensuring smooth cash flow and organized financial records. Manually managing invoices is time-consuming, tedious, frustrating, and error-prone. Lost bills, missed payments, and compliance-related issues mess up business operations. An invoice management system becomes a game changer for businesses that deal with massive transactions. Whether you are a newbie… Continue reading What is Invoice Management System: A Complete Guide!

Did you know that more than ₹212,381.72 worth of GST refunds were filed in India in the financial year 2024-25, up to 31st January 2025? Most of these businesses know how to offset Input Tax Credit (ITC). However, only a few are familiar with the provision of refunds (with some conditions attached). In this blog,… Continue reading GST Refund: How to Claim Refund in GST

Consider you have a business where raw materials are sent to the vendors for processing, bundled multiple products in a single package, or mixed product categories are sold together. This looks quite easy, doesn’t it? But, when we talk about GST invoicing rules it becomes a bit tedious.  How do you create an invoice for… Continue reading GST Invoicing Rules for Job Work, Composite & Mixed Supply!

The acronym for TDS is Tax Deducted at Source. As the name suggests, it is a tax that is deducted at the source itself from the payment to be made, and the remaining amount is credited to the recipient’s bank account. This is applicable only on certain transactions, and it can be claimed for refund… Continue reading How to File TDS Return: A Guide to TDS Return Filing on the Income Tax Portal

Did you know that 1.259 billion e-way bills were generated between April 2024 and December 2024? Looking at this number, you can imagine how important it is for businesses to stay compliant with GST regulations. Since e-commerce involves interstate commerce more frequently than any other business, you must know everything about it.  This blog will… Continue reading E-Commerce Business: Everything You Need to Know About E-Way Bills