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Accept UPI payments? From 15 October 2026, eligible merchant payments above ₹2,000 will attract 0.4% MDR, capped at ₹300, paid by merchants. Smaller payments, personal transfers and eligible small-merchant collections...

Before filing GSTR-3B, your purchase register may show ITC that does not appear in GSTR-2B. The difference could be due to an unreported invoice, incorrect invoice details, a tax amount...

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...

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...

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...

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...