If you believed those large purchases or investments passed under the radar, think again! The Income Tax Department has a new trick up its sleeve: an e-campaign designed to alert everyone who is a touch overdue on their advance taxes. And tax issues may be complex. So, let’s go over what this implies for you… Continue reading The Income Tax Department’s New E-Campaign Explained
Why CAs Should Use Munim GST Software?
In the era of GST and tax compliance, efficiency and accuracy are vital. Chartered accounts take care of the GST reconciliation and look after their clients’ financial management. This process is daunting and time-consuming. They spend plenty of time understanding the GST laws and their impact on the client’s financial status. However, the dawn of… Continue reading Why CAs Should Use Munim GST Software?
March 2024 Important Updates: From GST, Credit Cards to Banking
Everyone, March is here, which means it’s tax season, time for spring cleaning, an exclamation point, and a tonne of new regulations to learn. These adjustments may affect your money this month, regardless of whether you own a business, file GST, frequently use credit cards, or are just a neat freak. Settle in, for the… Continue reading March 2024 Important Updates: From GST, Credit Cards to Banking
Understanding TCS (Tax Collected at Source) for E-commerce Businesses in India
Have you ever heard of TCS; Tax Collected at Source, yes, it is a term that you must know if you own and operate an online business or sell your products on e-commerce platforms. This guideline essentially states that the e-commerce platform keeps a percentage of your sales before paying you. But don’t worry! This… Continue reading Understanding TCS (Tax Collected at Source) for E-commerce Businesses in India
7 Reasons Why the Apparel Industry Needs Inventory Management Software
“Digital era drives the clothing industry to a dynamically evolving sector. Today, fashion is reshaped as a fusion of creativity and technology.” The clothing industry is a dynamically transforming sector that quickly adapts to market trends. With new tech inventions, the fashion industry is rapidly growing. Designers are leveraging accounting solutions to streamline financial management. … Continue reading 7 Reasons Why the Apparel Industry Needs Inventory Management Software
How Munim Billing Software Benefits Medical Business
The healthcare industry is widespread, and enhanced patient care is the need of today’s era. Settling claims and handling bills efficiently is the key to a successful business. Earlier medical billing involved piles of paper documents, physical billing files, and cash payments. It is time-consuming and error-prone, which decreases efficiency in patient care. Challenges Faced… Continue reading How Munim Billing Software Benefits Medical Business
The GSTN Latest Update: GST Composition Scheme for FY 2024-25
Prepare for potentially incredible news if you oversee a small business in India! You have a significant update from the Goods and Services Tax Network (GSTN). Business owners like you have an updated strategy to make your tax compliance for the next fiscal year a breeze. You can use the GST Portal and decide to… Continue reading The GSTN Latest Update: GST Composition Scheme for FY 2024-25
5 Simple Steps to Prevent Delayed Payments from Customers
Growing businesses require maintaining cash flow regularly. Steady revenue is the need of every enterprise in the business world. But, delayed payments make it almost impossible for companies to maintain a steady income. According to a survey, 93% of Indian businesses report payments delayed by their customers. It leads to ruined vendor relationships and inadequate… Continue reading 5 Simple Steps to Prevent Delayed Payments from Customers
Difference Between A Debit Note and A Credit Note: Meaning, Purpose & Use
As a business owner, credit note & debit note are the two terms that might confuse you. However, their roles are different, the debit notes and credit notes. No matter how fancy these terms might appear, you should know about them as a business owner to have smooth finances. Delve into the blog below, and… Continue reading Difference Between A Debit Note and A Credit Note: Meaning, Purpose & Use
How to Streamline Your Restaurant Accounting Process?
“Culinary Brilliance Presents Every Plate Like a Masterpiece!” Owning a restaurant chain or managing a hotel is a difficult task. Though it looks easier, hotel management involves multiple intricacies. “Sourcing ingredients, onboarding a chef, getting a supporting staff, preparing meals, buying some crockery, and serving customers” is a myth today. However, reality is way ahead… Continue reading How to Streamline Your Restaurant Accounting Process?