Invoices form the core of a business, ensuring smooth cash flow and organized financial records. Manually managing invoices is time-consuming, tedious, frustrating, and error-prone. Lost bills, missed payments, and compliance-related issues mess up business operations. An invoice management system becomes a game changer for businesses that deal with massive transactions. Whether you are a newbie… Continue reading What is Invoice Management System: A Complete Guide!
GST Refund: How to Claim Refund in GST
Did you know that more than ₹212,381.72 worth of GST refunds were filed in India in the financial year 2024-25, up to 31st January 2025? Most of these businesses know how to offset Input Tax Credit (ITC). However, only a few are familiar with the provision of refunds (with some conditions attached). In this blog,… Continue reading GST Refund: How to Claim Refund in GST
GST Invoicing Rules for Job Work, Composite & Mixed Supply!
Consider you have a business where raw materials are sent to the vendors for processing, bundled multiple products in a single package, or mixed product categories are sold together. This looks quite easy, doesn’t it? But, when we talk about GST invoicing rules it becomes a bit tedious. How do you create an invoice for… Continue reading GST Invoicing Rules for Job Work, Composite & Mixed Supply!
How to File TDS Return: A Guide to TDS Return Filing on the Income Tax Portal
The acronym for TDS is Tax Deducted at Source. As the name suggests, it is a tax that is deducted at the source itself from the payment to be made, and the remaining amount is credited to the recipient’s bank account. This is applicable only on certain transactions, and it can be claimed for refund… Continue reading How to File TDS Return: A Guide to TDS Return Filing on the Income Tax Portal
E-Commerce Business: Everything You Need to Know About E-Way Bills
Did you know that 1.259 billion e-way bills were generated between April 2024 and December 2024? Looking at this number, you can imagine how important it is for businesses to stay compliant with GST regulations. Since e-commerce involves interstate commerce more frequently than any other business, you must know everything about it. This blog will… Continue reading E-Commerce Business: Everything You Need to Know About E-Way Bills
GSTR-9C Late Fees Waiver
GSTR-9C is a mandatory GST return for those who are registered under GST and have an aggregate turnover of equal to or more than ₹ 2 Crores. This return is an annual reconciliation statement. Under this return, details of the taxpayer’s annual GST return and their audit financial statement are compared. Failing to file the… Continue reading GSTR-9C Late Fees Waiver
E-invoicing for B2C: Definition, Importance, Applicability, and Implementation!
Just think of a world where every purchase – either through an offline or online store generates digital invoices instantly. This will stamp out the inconvenience associated with manual data entry, compliance errors, and lost receipts. That’s how e-invoicing for B2C businesses works! Digital transactions are soaring high and so is the need for error-free… Continue reading E-invoicing for B2C: Definition, Importance, Applicability, and Implementation!
Form ENR-03: How to Generate GST E-Way Bills for Unregistered Business
The Goods and Service Tax (GST) is an indirect tax system in India implemented in July 2017. Since its inception, a number of regulations have been introduced to streamline the GST compliance process. A business involved in either manufacturing or trading goods has to transport the consignment to its customers. To facilitate the movement of… Continue reading Form ENR-03: How to Generate GST E-Way Bills for Unregistered Business
Capital Gains Tax on Property: A Complete Manual for Beginners!
Investing in an immovable asset, like house or land, is one of the most valuable investments ever. Property is a lucrative investment, but it is associated with tax implications—one of which is Capital Gains Tax (CGT). Doesn’t matter if you own a house, invest in real estate, or run a business; knowledge of capital gains… Continue reading Capital Gains Tax on Property: A Complete Manual for Beginners!
What is GSTIN Number? How to Apply Like a Pro!
If you are starting a new business and expecting turnover to exceed ₹40 lakhs (Rs. 20 Lakhs or more for a special category of states), then you must register and get yourself a Goods and Services Tax Identification Number (GSTIN). This identification number is unique for all businesses and helps in filing GST returns. If… Continue reading What is GSTIN Number? How to Apply Like a Pro!