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A Reddit user sparked a debate among netizens and finance experts after being charged a hefty 18% GST on his restaurant bill. The viral post claimed that it should be 5% GST, it seems they are away from the truth. Some netizens also claimed the restaurants are taking advantage of complex GST rules and filing… Continue reading GST on Restaurant Food: GST on Food Items and How to Spot Overcharges

Steering a food service business isn’t only about good food and full tables – It also caters to tight margins, massive transactions, and crystal-clear financial clarity. Leveraging manual bookkeeping and outdated spreadsheets in the food and beverage industry silently drains out time, money, employee efficiency, and growth potential. That’s when accounting software for restaurants enters… Continue reading Accounting Software for Restaurants: 5 Key Benefits!

GST registration opens the gateway to a simplified compliance management, but what if business no longer needs it? Would you cancel it? Doesn’t matter if your business is shutting down, switching operations, or simply the revenue is going down, GST cancellation becomes important in such scenarios.  But do you know improper cancellation can cause unnecessary… Continue reading Steps and Procedures for GST Cancellation: A 5-Min Read!

Have you ever been in a situation where bank balance does not match with account balance? Even if the mismatch is of only a few thousand rupees it could throw you into panic mode. On a daily basis, countless businesses face this problem and the solution is quite simple i.e account reconciliation.  In this blog… Continue reading Master Account Reconciliation: Understanding the Meaning, Types and Process

Every evolving compliance landscape demands efficiency and simplicity at every stage- especially for startups and medium-sized businesses. To align with these GST compliance requirements, the Indian government introduced the QRMP scheme (Quarterly Return Filing and Monthly Payment Taxes). This game-changing initiative under GST strikes the perfect balance between regulatory compliance and operational ease.  The QRMP… Continue reading QRMP Scheme: Definition, Quarterly Filing Dates, and Expert Tips!

If you have ever switched to a financial markets news channel then it is highly likely that you might have heard the lingo ‘EBITDA’ many times from the panelist. Isn’t it? So what’s the hype about EBITDA in business? Do you want to know the significance of the same in your business? That’s what we… Continue reading What is EBITDA? A Simple Guide to Understanding and Calculating It