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Bookkeeping

Keeping track of a company’s financial transactions, organising them for future reference, and creating financial statements is known as bookkeeping. Organisations use either a...

Business Ideas

Consumer products that are sold quickly at a relatively lesser price are categorised as fast-moving consumer goods which in short is known as FMCGs....

Finance

Financial reporting gives you an insight into the financial performance of a business during a certain period. Tracking business metrics allows you to stay...

Business Ideas

A dealership is established when an entrepreneur allows a person or business to market a specific product. As a result, setting up a dealership...

Finance News

Business Ideas

Small Town Business Ideas Here are the list of 10 popular business ideas that you can start in a small town. If you are...

Business Ideas

Upgrading a cash register to a point-of-sale (POS) system is likely to be a difficult task. However, due to the POS system’s increased operational...

Business Ideas

What is a POS system? A point of sale is a point where customers checkout with the items they have purchased. A point of...

Business Ideas

Bihar is one of the most densely populated states in India. While earlier, the main occupation of the people there was agriculture, in recent...

Accounting News

cost sheet format cost sheet format

Accounting

A cost sheet is a form of a financial statement made by businesses and manufacturers to analyse the business expenses. A cost sheet includes...

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GST

“Failed to establish a connection to the server. Kindly restart the EmSigner.” You must have encountered this error on the GST portal while filing...

TAX

ITR 5 means a type of form which needs to fill for the income tax return. But this is not for any individual or...

TAX

The ITR2 should be applied as per the category of the source of income and the taxpayer to ensure easy compliance. As a matter...

TAX

Income Tax Return has several forms, and people are required to file each form based on their business or profession and income from these....

TAX

On the 7th of June, 2021, the Income Tax Department has announced an update about its new e-filing website that has been soon going...

TAX

Section194A says about the TDS on interest other than securities on interest. This comprehensive guide is all about various details regarding section 194A of...

Business Ideas

What is MSME Day? Every year on June 27, Micro, Small, and Medium-sized Enterprises (MSME) Day is observed to honour these businesses’ contributions to...

TAX

When it comes to Form 16 and Form 16A, both are important for taxpayers as they have a vital role in regulating the payable tax amounts. Also,...

Accounting

Gross working capital has many benefits, but it can only show the half picture of the financial position of a company. It cannot completely...

Finance

Working capital is a very essential capital that is obligatory for every business regardless of the size and nature of the business. Without the...

Finance

Managing capitals is important for every business. Therefore one must know about working capital and its management. Working capital is the fund available at...

TAX

The registered taxpayers who avail benefits of the notification No. 2/2019-Central Tax (Rate) dated 07th March 2019 or pay tax under the provisions of...

GST

Every Input Service Distributor who is registered on the GST portal as a taxpayer entity or individual needs to file for GSTR 06 monthly....

GST

Filing GSTR 8 is a must for every e-commerce operator who is needed to accumulate TCS (taxes at source) for all the taxable supplies made through...

Scheme

What is PMEGP Scheme? The PMEGP or the Prime Ministers Employment Generation Programme is a scheme that is introduced by the Ministry of Micro,...

GST

What Is GST Compensation CESS? GST – Goods and Services Tax – was implemented in India in July 2017 to replace the country’s previous...

GST

Any business enterprises that register under Goods and Service Tax (GST) must follow rule 39 of CGST/SGST. Every business owner will be aware of the...

GST

What is a Works Contract? As per the U/S 2(119) of the CGST Act, a “work contract” is a contract for the building works,...

GST

Goods and Service Tax usually known as GST is the value-added tax that is imposed on a majority of the goods and services traded...

GST

The GST registration is the process in which the businesses have to register under GST as a normal taxable person if their turnover exceeds...

GST

What Is GST Late Fees? The Goods and Services Tax is an integrated tax system that came into effect on July 1, 2017, and...

GST

What is Nil GSTR? If you have not made outward supply (normally known as selling) and have NOT secured any inward supply (usually known...

Finance

What Is Trial Balance? A trial balance is a worksheet that lists the balances of all the general ledger accounts during a certain period....

GST

What Payments are to be Done Under GST?  As India moves towards digitization, GST payment has facilitated collecting taxes easily and systematically. All taxpayers will receive...

GST

What is GST? GST is a multi-stage, systematic tax system that is charged on the supply of goods and services. This taxation system’s primary...

Business Ideas

What does MSME mean?  Under the Micro, Small, and Medium Enterprises Development (MSMED) Act of 2006, the Government of India established MSME Means “Micro, Small, and...

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