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At the end of 2024, GSTN recorded 14 million registered users, which lays a thought behind navigating to GST payments is what everyone needs to master. Do you know 90% of the GST filing processes are done through the GSTN portal? Most of the taxpayers don’t know how to get started, face issues with creating… Continue reading Online GST Payment Made Simple: A Beginner’s Guide

Stuck between paperwork and complicated tax terminologies? You are not alone! With changing GST laws, a wide array of freelancers, business owners, and entrepreneurs get puzzled about staying compliant. But here’s the catch for you- filing returns just got stress-free. This guide will break down how to file GST return in the easiest way, ensuring… Continue reading How to File GST Return: Your Hassle-free Manual to File it the Right Way!

Have you ever given a thought about what the first two digits of a GSTIN number indicate? They aren’t inserted randomly! They indicate the geographical region linked to a business’s GST registration. That’s where the GST state code list plays a vital role. It doesn’t matter if you create multiple invoices in a month, want… Continue reading GST State Code List: Decode Your State’s Tax Identity Here!

Ever wondered how companies know how financially healthy they are or how they manage to monitor their assets and liabilities? The solution, my friend, is something very basic and, at the same time, necessary to any business: the accounting equation. Being an entrepreneur, a student, or simply a person who has just entered an accounting… Continue reading Accounting Equation: The Foundation of Financial Success

Has India’s tax collection system shifted to top gear? The recent numbers have just landed in, and they show how our tax collection engine is firing on all cylinders. GST Collection May 2025 has surpassed forecasts and sparked discussions on India’s economic resilience, compliance patterns, and growth trajectory. The Finance Ministry shared that GST collections… Continue reading GST Collection May 2025: Did India Just Set a New Tax Record?

Given a thought, how do businesses keep track of cash that simply travels from one hand to another; can it be from bank-to-cash or cash-to-bank? Here’s where contra entry grabs the spotlight.  It’s nothing but the unsung hero that operates behind the scenes in your accounting journal. It doesn’t scream out “Profit” or “Loss” –… Continue reading Decoding Contra Entry: A Day in the Life of Cash Book!