Revise Invoice In GST

How To Revise Invoice In GST

  In earlier articles, we’ve covered various aspects of Goods And Services Tax, how to create a GST invoice and finally how to file GST Returns. Now, once you file the returns, it becomes little tricky to make changes to the transactions of that particular month – specially Invoices. But we are humans and changes…

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Best GST Software In India - Comparison & Verdict

Best GST Softwares In India

  After a decade of debates, amendments, discussions, and varied opinions, India is all set for the implementation of GST Laws, which is a historic move by the government of India. The “One Nation, One Tax” is the core reason for the GST rollout. It is a simplified, yet mechanical system of taxation which always…

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Invoice Matching Under GST

Invoice Matching Under GST

  Every month suppliers will be required to upload their invoices to GSTN portal and those will be matched with the purchases from customers. So, invoice matching is going to be a monthly affair for businesses. Use of IT systems for bookkeeping and tax compliance work will be seen even in many small and medium…

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GST Changes In ProfitBooks

GST Changes In ProfitBooks

  GST is almost here and you must be wondering about lot of things, like – how this is going to impact my business, which vouchers will change, what are the minimum things I need to do in order to comply with GST and so on. We know this is going to be confusing and…

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Penalties And Appeals In GST

Penalties And Appeals In GST

Being a destination based, transaction wise tax, Goods and Services Tax or GST, ropes in strict compliance procedures for all the taxpayers or people falling under the gamut of the same. Since every transaction is being recorded and tracked between the source and destination, it is obligatory for the taxpayers to maintain and declare information…

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GST Invoice – Learn Everything About It

If sell products or services in India, you must be issuing invoice to your customers. Every business in India needs to know about the new GST invoice rules going forward. In this article, we’ve explained how to create GST invoice, various components that must be there on invoice, format of GST invoice and much more.…

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What is Fixed Asset

What Is Fixed Asset

It’s been few years since you are running this business. You are about to end this financial year and now you want to know – What is my actual business worth? Most small business owners consider only revenue while assessing their business worth. However, they rarely consider one fundamental thing in the calculation – Fixed Assets. An example of…

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What Is Accounting Receivables?

What Is Accounts Receivables? Accounts receivables can be attributed to the amount of money the company or the respective business organisation is bound to receive for its services/goods provided to the customers. Also termed as trade receivables, this particular term can be explained in an example that follows. A business organisation will have an accounts…

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