Major Steps Taken By The Finance Ministry For Revival of MSMEs

On Tuesday 13th May 2020 finance minister Nirmala Sitharaman said that the Aatmanirbhar Bharat rests on five pillars: Economy, Infrastructure, Technology-driven systems, Demography, and Demand. The focus will be on factors of production: Land, Labour, liquidity, and Laws. “The intention behind this is to make local brands global.” This thought and implementation is in favor…

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5 Reasons Why It Is Important To Close-Books Of The Financial Year & How?

“Close Book” is an important part of financial year-end procedures for every business. # So, what is this “Close Book”? “Close Book” is the accounting process where you clear your previous year account balances (of the income and expense accounts/ payments and receipts accounts) and you start fresh again!!! # Why “Close Book” Is Important…

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Tracking Account Receivables & Payables Is Important To Grow Your Business!

1. It helps you identify the “amount you should collect” versus the “amount you should pay”. 2. You’ll gain better control over your business cash flow. 3. Clearly indicates your business’s income, shows profitability. 4. If you don’t track them, you may forget to bill certain customers and end up giving away products for FREE….

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8 out of 10 Businesses Face Inventory Losses! Here’s How To Avoid It!

1. Regularly count your inventory to ensure nothing’s gone missing. 2. Record product details like Expiry date, batch number, etc to easy-pick the right ones while selling. 3. Track sales, update inventory totals on a regular basis. 4. Evaluate what products are moving and what is not. Stock items accordingly! 5. Sell Old/Expiring stocks before…

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4 Badi Inventory ki Galtiyan jo Aap Apne Business Mein Kar Sakte Hain

1. Aapke grahak jo chahte hain, usse stock mein nahi rakhna.2. Shop mein naya stock saamne rakhna aur purane unsold products peeche rakhna. 3. Zaroorat se zyaada ya zaroorat se kam stock rakhna.4. Inventory ya stock manage karne ke liye Inventory Software nahi apnana Vyapar App ka “Stock Summary Report” aapko iss tarah ki galtiyon…

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Balance Sheet Feature – Now LIVE on Vyapar App!

Yes! The “Balance Sheet” is Released. With this feature, Vyapar App helps you – Easily understand your business’s financial status and make informed decisions. Improve your business’s operational efficiency, borrowing habits, and overall financial health. To get this feature, upgrade to the latest version (13.3.0) of the Vyapar App. Download Vyapar App For Desktop Version…

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5 Must-Have Financial Documents To Get A Business Loan Easily

Applying for a business loan? Looking to grow your business but do not have the savings to get up and running. This is where business loans come in. But like most good things, business loans don’t come easily. Getting a small-business loan isn’t a piece of cake! Especially for small businesses, the lending standards of banks are really tight….

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How Inventory Software Helps You Avoid Loss of Sales due to Out-of-Stock

How many customers have you sent back because the product they came for was out-of-stock? Let me tell you this, losing customers is more than losing sales. Unavailability of your products results in lost sales, lost reputation, lost customers. Out-of-stocks are a critical problem for everyone, especially retailers. If you’re into business for some time…

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Vyapar App’s Complete Feature List: All About the BEST Billing Software for Small Businesses in India

Vyapar is a GST Business Accounting Software. With Vyapar App, you can make & share Invoices on WhatsApp, manage stocks/Inventory, make estimate bills, generate GSTR reports, track unpaid invoices, send payment reminders and collect payments directly online using UPI payments. It has other features like business expense tracking, daily sale purchase record, shows profit and…

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14 Things Indian SME should learn from SMEs of Developed Countries

✔ SMEs in developed countries is technology forward. This gives them a competitive advantage. They serve customers better and on time. They use technology to notify customers about new deals and discounts. ✔ Tracking inventory, generating bills, collecting payments happens digitally. They save time a lot of time just by simplifying and automating routine tasks. Cool, isn’t it?…

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Time for small shopkeepers to get easy loans, insurance, credit cards, pension as promised by PM Modi

PM Modi wins again!! What does this mean for small businessmen like you? Here’s what Narendra Modi promised small businesses before elections. ✔ Easy loan of up to Rs 50 lakh without any surety. ✔ Accidental insurance of Rs 10 lakh if you are GST registered. ✔ Credit card facilities if you are a trader. ✔ Pension scheme if…

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Home buyers to pay 12% GST on balance due if house completion certificate issued by March 31.

Home buyers will now have to pay 12% GST on balance amount due to the builder if the housing project has been granted completion certificate before April 1, 2019. This GST will have to be paid by both registered and unregistered landowners. GST News Highlights: ✔ From April 2019, builders of all under-construction houses have 2…

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Businessmen in Odisha gets extra time to file GSTR-1 & GSTR-3B

Deadline for filing GSTR-1 is extended to June 11th, and for GSTR-3B it is June 20th for the following 14 districts in Odisha. Angul Balasore Bhadrak Cuttack Dhenkanal Ganjam Jagatsinghpur Jajpur Kendrapara Keonjhar Khordha Mayurbhanj Nayagarh   Puri These places were hit by extreme severe cyclonic storm “Fany” recently. Hence, if you’re a registered taxpayer…

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GST Changes from April 2019: Composition Scheme, GST Registration, Tax Rates, Due dates.

Download Vyapar App Composite Scheme Limit Increases from Rs. 1 crore  to Rs 1.5 crores For North-Eastern States –  (i) Arunachal Pradesh, (ii) Manipur, (iii) Meghalaya, (iv) Mizoram, (v) Nagaland, (vi) Sikkim, (vii) Tripura, (viii) Uttarakhand,  the limit has been increased from Rs. 50 lakhs to Rs. 75 lakhs. This means you can now opt…

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You can now check your GST Return status

tax-return,vyapar, business acccountign, accounting software

Now, taxpayers can see the status of returns filed on GSTN portal; here is how. 1.         Access the https://www.gst.gov.in/ URL. The GST Home page is displayed. 2.         Login to the GST Portal with valid credentials. 3.         Click the Services > Returns> Track Return Status command. On submission of your GST return, you will be given an Application Reference…

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0% GST on services such as conducting exams, testing of food samples etc.

GST, Exemption, 0 GST, zero tax, business accounting, services exempted from GST

A lot many services have been exempted from GST recently. Meaning, GST will not be charged on them. Here’s the list of services exempted from GST: 1. Artificial insemination of livestock (other than horses) 2. Warehousing of minor forest produce 3. Services provided by FSSAI to food business operators by way of licensing, registration and…

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Recent GST Rate Changes

GST-Rate-Changes, vyapar, GST, business

Particulars Old GST Rate New GST Rate Paints and varnishes prepared water pigments of a kind used for finishing leather-classified under the Heading 3208/3209/3210. 28% 18% Glaziers’ putty, grafting putty, resin cement, caulking compounds and other mastics; painters’ fillings; non-refractory surfacing preparations- classified under Heading 3214. 28% 18% Refrigerators, freezers and other refrigerating or freezing…

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Tax Rate Reduction: Here’s a list of items that has got much cheaper

GST, Vyapar, business, tax, price

Exempted from GST: (Zero Tax Rate) Sanitary pads. Deities made of stone, marbles or wood. Rakhis, without any precious metals. The raw material used in brooms. Commemorative coins circulated by the RBI or government. Saal leaves Fortified milk From 12% to 5% Handloom dari Fertiliser grade phosphoric acid From 28% to 18 % Lithium-ion batteries reduced Vacuum…

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GST Latest News India: GST Rate Changes you should know- 28th GST Council Updates

vyapar, accounting, GST

28th GST council has turned out to be a reliever for taxpayers. Here’s what’s changing hereafter: Sanitary Napkins are exempted from GST going forward: Woo-hoo! Ladies voice seems to have heard loud enough. No decision on 1% sugar cess: Perhaps the council needs more time to figure this out. GST on hotels would now be…

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Consolidated Credit/Debit note would bring us a huge relief: says Small Businessmen

Debit/Credit Note,GST, business, invoicing

Currently, a credit/debit note which is issued by the registered businessman should be submitted invoice-wise, which is highly impractical for businessmen who have to correlate with one to one underlying invoice. This increases compliance burden for taxpayers, especially for the ones following pen and paper method of bookkeeping denying to use faster business accounting software….

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New Update! Latest Vyapar Version 10.0.2 makes your Desktop Business-Friendly

Vyapar-Latest-Update, business, Vyapar App

Another month, another release! We are continuously working to make a businessman’s life easier. The latest Vyapar version 10.0.2 is something people have been asking for months. And, for many of you out there, the latest Vyapar App is an absolute game-changer. So, what’s the big news with this release? Let’s talk about them individually…

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Why choose “Vyapar” accounting software?

Every business needs a perfect accounting software to deal effortlessly with invoicing, inventory, and their accounting needs. But not every accounting software is built for Indian businesses like yours. And, not every accounting software is made with Indian small businessmen in the mind. But, Vyapar has!  It has all the features your Indian Business need…

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Track Invoices Better with Bill-Wise Tracking Feature of VYAPAR

Business accounting, Bill wise tracking, Vyapar app, accounting software

Know How The New Bill-Wise Tracking Feature of Vyapar Helps You Track Invoices Better! Being a Small Business Owner, you might face the difficulty of tracing payments received/ not yet received/ Partially paid. Especially where the payments are not instantly made, matching the right payment with right invoice becomes too much work. For eg: Imagine…

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Inventory Management for Small Businesses improves with this Item Tracking Feature

Tracking individual items in your inventory requires all your time?  or in other words, Is Inventory management going out of your control?   If you’re here looking forward to fixing your stock management method, then you’re at the RIGHT PLACE at RIGHT TIME. Being a small business owner keeping track of every single item is an absolute necessity…

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

Keywords: Invoice maker, Invoice on the go, Simple Invoice, Invoice Templates, Print Invoice, Bill Pay, Billing Software for Retail Free, GSTR1, GSTR-1, GSTR 3B, Pay with PayTM, GST Invoice, GST Mobile App, Invoice and Billing App Free, GST Invoice App, GST India, GST App, GST Invoices, Invoice Maker, Invoices for Business, Invoice App, Billing Software, Tally accounting, Billing and Invoice for Business, Retail POS, Invoice and Billing, Billing Software, Invoices on the go, Create Invoices, POS Software, Bill Reminder, mobile billing, track bills, utility bills, account manager

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.

GST Invoice App, GST India, GST App, GST Invoices, Invoice Maker, Invoices for Business, GST on restaurants

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.

reverse charge, GST, GST India, Tax

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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Vyapar Desktop App Installation Guide for Windows

GST Accounting App, GST, GST Accounting App, INventory App, Invoicing App, Free GST App, INvoices

Download Vyapar App ABSTRACT This guide provides step by step instruction on how to install Vyapar Desktop App on your computer. You may want to read these: Why choose “Vyapar” accounting software? 1. Overview Vyapar Desktop APP – GST Ready Accounting, Invoicing & Inventory Software is built to make your Business Accounting and GST Filing easy. This APP…

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GST Invoice Facts

GST Invoice, GST Mobile App, Invoice and Billing App Free, GST Invoice App, GST India, GST App, GST Invoices, GST updates

In its bid to allay concerns of traders on invoice generation post-GST, the CBEC, under the Department of Revenue, said: “There are some apprehensions in the trade circles that GST invoice have to be issued as per prescribed format and that issuing GST invoice is going to be burdensome process. This is not correct. Some…

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