Integrating business data can be a tedious task for accountants and businesses. Amid the cut-throat competition, it is difficult for business owners to focus on compact details of GST accounting aspects. However, maintaining adequate financial reports, records and functionalities are vital for businesses to drive productivity. Modern businesses in India rely on technology for … Read More
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Why Government Gave GST Audit Extension and What It Means?
India’s government has extended the due dates for filing GST returns and audit reports of financial year – 19 to 30th September 2020. The second GST audit extension was provided to e-way bills until 24th March. The validity of the same expired from 20th March – 15th April. The government also offered economic reliefs and … Read More
Special Cases: Goods and Services Tax Invoices Format Relaxations
Goods and Service Tax invoice is a commercial bill of sale issued by the sellers to recipients of products or services. According to section 31 of the CGST Act, it is mandatory to issue tax invoices for any goods or services supplied. The GST law has specified rules as to how a business must issue … Read More
Latest Updates in GST Invoice Rules: COVID 19
The government of India has rolled out several tax reliefs and measures, concerning the impact of GST on Indian economy due to COVID-19. The GST council has implemented strict GST Invoice rules to curb tax evasion. E-invoicing GST is compulsory for businesses, starting from 1st October. Find the details of this latest update in … Read More
How to Make Quotation Which Your Clients Accept?
Small businesses in India can poach clients if they know how to make quotation that works for their business. Not many business owners realize that the way they create quotations can cost them business. They fail to follow-up on quotes or turn them around faster, which results in loss of revenue. Healthy cash flow and … Read More
How to Select the Best Accounting Software?
Tracking transactions is vital for any business to succeed in the near future. Enterprises require the best accounting software to record income and expenses precisely. Today’s advanced invoicing software also enables business owners to file GST compliance in just a few clicks. Accounting software for small businesses enables you to accomplish the daily accounting tasks. … Read More
Impact of GST on Indian Economy during COVID-19
The GST council of India has completed three years of the GST regime. However, the government is still striving to address various issues and concerns to build a sound taxation system. While the government was resolving downsides concerning the impact of GST on the Indian economy, the COVID-19 pandemic has worsened it. The global pandemic … Read More
Imprez Launches Purchase Order Management to Accelerate Touchless PO Life-Cycle.”
Bengaluru, India, August 10th, 2020: Imprezz, India’s leading invoicing software, announced its latest feature update, purchase order management. Imprezz accounting software is a one-stop accounting solution for small and medium enterprises in India. The company strives to accelerate touchless purchase order life-cycle after reinforcing businesses with simple yet congenial invoicing and quotation management tools in … Read More
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