by Groflex | Feb 3, 2023 | Briefly explained
The e-invoicing was implemented by the GST Council on 1st January 2020 voluntarily. It was implemented to report B2B invoices. At the 37th GST Council Meeting held in Goa, the council approved the standardized e-invoicing format for all taxpayers. 1. What is an...
by Groflex | Feb 3, 2023 | Briefly explained
The GST Council of India has incorporated a new concept of supply into the tax regime. On certain occasions, a combination of goods or services is provided together. Vendors might do this to attract more customers. At times, specific goods are grouped due to their...
by Groflex | Feb 2, 2023 | Briefly explained
This article will guide you through the different facets of Inventory Management and why it is the most crucial tool to scale up a business. First, let us try to answer the following question: What makes a business successful? Is it to have a wonderful centralized...
by Groflex | Feb 2, 2023 | Briefly explained
What does it mean when you receive a bill marked as a proforma invoice? Is it compulsory for the sellers? Does the invoice provide a specific time frame to act upon? Can we pay the GST against a proforma? The article below will briefly explain everything you need to...
by Groflex | Feb 2, 2023 | Briefly explained
Gone are the days when people used to go through loads and loads of ledgers and financial statements to find that one entry they were missing. In these modern times along with everything else, accounting has been simplified as well. This is the modern era and...
