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According to a very popular VC firm ‘Bessemer Venture Partners’, the SaaS industry in India is projected to reach $50 billion in annual recurring revenue (ARR) by 2030. This is nearly 4X compared with 2023’s. The growth of the industry comes with many challenges. Like all other industries, Accounts Receivable is a major concern for… Continue reading SaaS Companies: Master Accounts Receivable with AR Automation

Accuracy is the king when it comes to claiming Input Tax Credit (ITC) under GST, and that’s where GSTR-2A kicks in. It isn’t just another line item in your GST filing checklist- but is a dynamic that reflects your purchases and inward supplies reported by the suppliers. Understanding form 2A is crucial to ensure valid… Continue reading Decoding GSTR-2A: Master It Like a CA!

1. What is an e-way bill? E-way bill is a document mandated under GST in India to allow the movement of goods of over ₹50,000, from one place to another. It furnishes details such aslike the supplier, recipient, goods, value, and transport information to ensure compliance with GST regulations. 2. How to generate an e-way… Continue reading FAQs on E-Way Bill Under GST

Imagine, it’s Monday morning you are sipping your coffee with some snacks, scrolling through business updates, and suddenly a GST notice bangs on into your mailbox. Panic takes over, and anxiety sets in- right? Questions like did I miss filing deadlines, will the tax officer scrutinize my business records, did I make any mistake while… Continue reading How to Handle GST Notices from the Tax Department

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 Leveraging manual bookkeeping and outdated spreadsheets in the food and beverage industry silently drains out time, money, employee efficiency, and growth potential.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!