As a small business, it’s important to focus on inventory management. All your items in stock will ensure you’re also ready to meet your customers’ needs. To ensure you have the best inventory management software, you will need to research the best ones and find one that will work for your unique needs. This article …
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Accounting is an essential part of any business, as it helps to keep track of finances, manage cash flow, and make informed decisions about the future. With the rise of technology, businesses now have access to a variety of accounting software that can help streamline their financial operations. However, with so many options available, it …
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Income Tax Form 16 is the tax deduction at the source instrument issued by the employer in the employee’s stead. It provides details of TCS/ TDS for several deals between deductors and also deductees. Still, your tax is likely to get deducted at multiple places, If you have switched jobs or worked with numerous employers …
What is Form 16? type, eligibility & benefits oF form 16? Read More »
The payroll network developed due to business possessors recognizing the need to track purchases, sales, and all business finances to run a successful business. As an intelligent business-minded person, you formerly know how important that is. Keeping track of these funds may be time-consuming and frustrating for a firm of any size. Since payroll robotization …
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The implementation of the e-way bill system has been a game-changer in the logistics and transportation industry in India. It is an electronic document that is generated online for the movement of goods worth more than Rs. 50,000. The e-way bill required for the transportation of goods, and it contains details such as the invoice …
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Small and medium enterprises( SMEs) noway find it easy to run their business operations. For them, it becomes a bit daunting to handle the front-office and back-office operations efficiently simultaneously, with their workers sharing multiple roles due to the limited resources. In such a script, automating tasks with the use of business tools help them …
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Every registered dealer needs to file GST returns for a specified period. However, the dealer has to file Nil Return, If there’s no business activity. You can file returns through online mode. You can also create and upload offline. The theE-Return is also common for CGST, SGST, IGST, and other additional levies. Normal/ Regular taxpayers( including …
Input duty credit in GST, As defined by section 2( 57) of the MGL( Model GST Law) and section 2( 1)( d) of the IGST Act, Input duty is related to a taxable entity which means the( IGST and CGST) in respect of CGST Act and( IGST and SGST) in respect of SGST Act is …
All persons with taxable income must file a tax return each fiscal year. After filing the tax return, the income tax department would reuse the return and check for any errors. However, a summary assessment under Section 143( 1) can be completed without calling the assessee, If the errors in an income levy notice are …
In light of the recent shock of demonetization, the Indian government’s drive to move India into a more digital, more compliant, and latterly a more vibrant economy was clear from the budget. With MSMEs being hit the hardest with demonetization – the budget announced on Feb 1st laid out some good impulses to encourage growth …
What’s Msme, Its Importance, Advantages & Scheme? Read More »
