Expert insights on accounting, GST, invoicing & business growth for Indian SMEs
Introduction For any small business in India dealing with stock, dead inventory and stockouts are the two fastest ways to lose money. The right inventory management software for small business tracks every SKU in real time, alerts you before stock runs out, handles GST and e-way bills, and shows which items are actually making you…
Introduction Every small business in India sends invoices, but the right billing software does far more than generate a PDF. It creates GST-compliant invoices in seconds, sends them on WhatsApp, follows up on payments, and connects billing to stock, accounting, and GST returns without a dedicated accountant. We’ve compared the five most widely used names…
KEY TAKEAWAYS FSSAI license is mandatory for every food business in India, including restaurants, cloud kitchens, traders, manufacturers, and distributors There are three types: Basic Registration (turnover up to ₹12 lakh), State License (up to ₹20 crore), and Central License (above ₹20 crore) Apply for a food licence online through the official FoSCoS portal at…
Introduction If you have ever taken a business loan or checked EMI rates, you have already been affected by the repo rate. It is the single most important interest rate in India because it decides how expensive or cheap it is for banks to borrow money from the Reserve Bank of India (RBI). That cost…
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…
KEY TAKEAWAYS Form 16 is a TDS certificate issued by your employer showing salary income and tax deducted during the financial year It has two parts: Part A (TDS summary) and Part B (detailed salary breakup and deductions) Employers must issue Form 16 by 15 June after the end of the financial year You can…
KEY TAKEAWAYS Dead stock is inventory that has remained unsold for an extended period and is unlikely to sell It ties up working capital, wastes storage space, and quietly erodes profit margins Common causes include overordering, poor demand forecasting, and seasonal misjudgment You can clear dead stock through discounts, bundling, liquidation, and stock transfers Prevention…
KEY TAKEAWAYS Sundry debtors are customers who owe money to your business for goods or services sold on credit Sundry creditors are suppliers or vendors to whom your business owes money for goods or services bought on credit Sundry debtors appear on the assets side of the balance sheet Sundry creditors appear on the liabilities…
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…
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