GOVT Launches GST E-Invoice to Curb Tax Evasion

22. July 2020By amitmundraBriefly explained

Section 271(c) of Income Tax Act penalizes 100% to 300% on GST tax evasion. Recently tax evaders were found using fake invoices in their tax compliance. Thus, to bring an effective measure against tax evasion, India’s government has launched GST e-invoice under GST applicability. E-invoicing GST India is applicable for taxpayers with a turnover exceeding … Read More

8 Simple Ways to Improve Your Small Business in India

21. July 2020By amitmundraBriefly explained

Building a successful small business in India begins with taking baby steps and dreaming big. Successful businesses are those that run-in profit. Which means everyone is eagerly looking for ways to improve business efficiency. Is increasing profits enough for small businesses to grow? Consistent growth is vital for a company to sustain in the long … Read More

Cloud-Based Accounting Software: Fighting COVID-19

18. July 2020By amitmundraBriefly explained

As of 17th July 2020, nearly 13,616,593 people are infected by COVID-19, including 585,727 deaths. THE first COVID-19 case in Kerala was reported in late January. After that, the GDP rates in India has slashed due to the prolonged lockdown. The most affected industries include travel & tourism, manufacturing, financial services, construction, and mining. Nation-wide … Read More

Online Quotation Creator – New Online Marketing Strategies

15. July 2020By amitmundraBriefly explained

An online quotation creator is an excellent tool for businesses to upscale the chances of getting compensated. Have you ever wondered how you could use an online quotation maker to market the goods and services your business offer? Amidst the ongoing COVID-19 economic crisis, most businesses are now shifting their focus towards implementing online marketing … Read More

Best Billing Software to File GSTR-3B: COVID-19

11. July 2020By amitmundraBriefly explained

The COVID-19 pandemic has adversely affected the Indian Markets. Businesses are walking to halt on a microscopic level. Operating with minimum employees has made it tough to manage cash flow. Can hiring the best billing software help with tax compliance and other business operations? Amidst the ongoing economic crisis, India’s government has offered several relaxations … Read More

Latest updates in GST Invoice Template – 2020

10. July 2020By amitmundraBriefly explained

The government of India approved the Standard GST Invoice Template on its 37th GST Council Meeting. In January 2020, the e-invoicing was accepted by the GST Council. Like the new GST filing system, the electronic invoicing standard will be applied on a voluntary basis. The new GST invoice template is implemented to ensure that one … Read More

Accounting Software for Small Businesses

8. July 2020By amitmundraBriefly explained

Managing financial transactions is crucial for a business to succeed. Often, Small business owners are self-reliant and choose to manage everything themselves. Using accounting software in such a case is one great way to save some extra money. The software designs vary with scope. They are designed differently concerning the business scale. In today’s technologically … Read More