Are you counting cash instead of making cash? Business – say NO to Accounting!!!

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Look, you didn’t start your Business to track MONEY— you opened it to make MONEY. isn’t it? Certainly,  starting up on your own mean, you’ll need to run everything from serving customers, purchasing inventory, billing and many such tasks which is often a tough job for anyone. Along with that you also have to manage your cash…

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GST on Restaurants: Uniform 5% tax rate on food bills in both AC and non-AC eat outs.

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GST council on Friday has decided to fix the GST on Restaurants reducing tax brackets and hence the burden. Here’s why eating out could become cheaper: 5% GST on… All independent restaurant Ac or non-AC.(which previously was 12% and 18% respectively) Takeaway food. Restaurants in hotels with room charge less than Rs 7500. [No input tax credit…

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Business, you need an Accounting Software not Accounting Knowledge

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Are you a Business Owner still relying on manual ledgers/ spreadsheets to keep track of all your accounting? If yes, Here’s why your Business needs an Accounting Software – Accounting Software makes Book Keeping Job Easier: Small business accounting is time-consuming, tedious, and complicated. Some unlucky soul in your team is managing that (if not…

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Reverse Charge under GST – Buying and Selling between Registered and Unregistered Dealers.

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Reverse Charge is a system where the receiver of the goods and/or services is liable to pay GST instead of the supplier. Sounds simple? But it isn’t! Here’s a break down of its cause and effects. Reverse Charge provision states as: The central tax in respect of the supply of taxable goods or services or both…

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