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Every one of us must have surely visited a restaurant and have never received an A4 size invoice/bill ever. Rather at most places we get Thermal bills be it a fine dine, self-serve buffet or take away. Restaurant is just one such example, majorly all automated invoicing retail stores have the
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Since the enforcement of E-invoicing in October 2021, many changes occurred in the E-invoice generation process. Initially, it was made mandatory for businesses registered under GST with an aggregate annual turnover of more than Rs.500 crores, which was then reduced to Rs.100 crores in January 2021, Rs.50 crores in April
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Tax Deducted at Source (TDS) was developed by the Indian Income Tax Department to collect tax from all sources of income. It is the amount deducted from a person's income and remitted to the Central Government by an authorized deductor. It is an advance tax and is totally a deductor’s (the
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Be it an expected forthcoming expense or expected liability or depreciation of asset or doubtful debts or any such expected or forecasted hit (through business analysis) on your company’s pocket, it needs to be addressed and provided against your current profits in order to be rest assured and hassle-free running
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Traditional accounting is a thing of the past. Businesses are getting smarter by taking on the cloud and ditching almost all the physical aspects that limit their potential.  If the lockdown has taught us anything then it’s the simple fact that relying on office computers is no longer a feasible option.
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