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Under the periodic inventory system, purchases are recorded throughout the accounting period, but inventory records are updated only after a physical stock count. The business then values closing stock and...
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A GST registration is required for a sole proprietorship if the turnover exceeds the specified limit or falls under compulsory registration norms. The proprietor needs to apply using his/her PAN...
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The GST Ghatak list helps businesses in Gujarat to find the State Tax jurisdiction under their principal place of business. Currently, Gujarat is divided into 103 Ghataks. While registering the...
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When businesses have more inventory on hand to sell or use, it is considered to be excess. Obsolete Inventory is Stock that is no longer saleable or usable. Both inventories...
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The government does not charge an application or registration fee for obtaining a GSTIN through the official GST portal. However, free registration does not mean that the entire process costs...
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The main difference between budget software and accounting software is that one supports planning while the other records financial transactions and assists in compliance work.In this blog, we will understand...

