Author

Megha Agarwal

5 Articles Published

Megha Agarwal, CA, is the founder of a Megha & Associates with over 5 years of expertise in accounting, taxation, and business advisory. She specializes in streamlining financial processes and ensuring regulatory compliance to drive sustainable growth for businesses and professionals through practical solutions. Designation: Chartered Accountant, FCA Membership Number (MRN): 455035 City: Raipur, C.G

Articles by Megha Agarwal

Business Guide

UP FSDA Pharmacy Website Notification 2026: Rules, Requirements and Compliance Checklist

Quick Summary UPFSDA has directed retail pharmacies in Uttar Pradesh, including hospital pharmacies, to maintain a public website with key business details, with implementation announced from 1 November 2026. The website must show the drug licence details, the registered pharmacist’s name, registration number and photograph, and the address of the licensed premises. Medicine stock information…

Megha Agarwal·3 November 2026

10 min read

Accounting Software

Golden Rules of Accounting: 3 Rules With Examples and Journal Entries

KEY TAKEAWAYS The 3 Golden Rules: They help decide which account to debit and which to credit. Know the Account Types: Identify whether an account is Personal, Real, or Nominal before applying the rule. Every Transaction Has Two Sides: Each transaction affects at least two accounts through debit and credit. Apply Them to Daily Transactions:…

Megha Agarwal·24 September 2026

13 min read

GST

GST Rates in India 2026-27: New Tax Slabs, Item-Wise List and GST 2.0 Changes

KEY TAKEAWAYS GST 2.0 introduced a simplified tax structure with major slabs reduced to 0%, 5%, 18%, and 40% from 22 September 2025 The old 12% and 28% GST slabs were largely removed, with items shifted either to 5%, 18%, or 40% Daily essentials like soap, shampoo, butter, ghee, namkeen, notebooks, and insurance became significantly…

Megha Agarwal·11 May 2026

21 min read

GST

Section 44AD Presumptive Taxation: Simplified Tax Filing for Small Businesses

KEY TAKEAWAYS Section 44AD offers a presumptive taxation scheme for small businesses to simplify ITR filing Eligible businesses can declare 8% of turnover as income (6% for digital receipts) Turnover limit is ₹2 crore, or ₹3 crore if 95% of receipts are digital No need to maintain books of accounts or get a tax audit…

Megha Agarwal·14 April 2026

6 min read

Business Guide

How to claim Input Tax Credit (ITC) correctly in 2026

Introduction For most small business owners in India, kirana store owners, retailers, wholesalers, traders, and first-time entrepreneurs, GST compliance often feels confusing. Among all GST concepts, Input Tax Credit (ITC) is the one that can either save you thousands of rupees or land you in trouble if handled incorrectly. In simple words, input tax credit…

Megha Agarwal·23 February 2026

9 min read

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