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Every month, the accounts team has two sets of records to compare: purchase invoices recorded in the books and supplier reported data available in GSTR-2B. Checking every invoice manually takes...
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The inventory turnover ratio is a KPI that indicates how many times a business replaces (or sells) its average inventory in a given period. On the other hand, inventory days...
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India’s gross GST collection reached ₹1,99,853 crore in August 2026, up 14.8% from the revised August 2025 figure of ₹1,74,116 crore. It was the highest collection recorded for the month...
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Stocktaking is the process of physically counting the inventory and comparing it with the books. It aids businesses in recognising overstocking, shortages, damage, expiry and theft, and recording mistakes. An...
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The MSME new rules affect the way Indian businesses handle MSME registration, invoice settlement, payment disputes and recovery. On 13 August 2026, the Micro, Small and Medium Enterprises Development (Amendment)...
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The actual hotel room rate per day will determine the GST to be paid. Accommodation valued up to ₹7500 per day is subject to 5% GST without ITC. If the...
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