by Groflex | Jan 24, 2023 | Accounting Software, Briefly explained
What is an invoice number? Each person or business registered as a taxpayer is given a unique consecutive number to identify the flow of payments known as an Invoice Number. It enables the government to keep track of funds that rotates across the country for various...
by Groflex | Jan 24, 2023 | Accounting Software, Briefly explained
In today’s competitive world, technology has recreated the business landscape. Automation and systematic processing have effectively transformed the efficiency of business operations. The latest era has witnessed a revolutionary development concerning the field of...
by Groflex | Jan 24, 2023 | Accounting Software, Briefly explained
Modern SMEs rely on automation to stay on top of today’s cut-throat competition. GrofleX is India’s leading GST billing software that offers all-in-one small business accounting solutions for small and medium-sized enterprises. There are various official...
by Groflex | Jan 24, 2023 | E-invoice
Section 271(c) of the Income Tax Act penalizes 100% to 300% on GST tax evasion. Recently tax evaders were found using fake invoices in their tax compliance. Thus, to bring an effective measure against tax evasion, India’s government has launched GST e-invoice...
by Groflex | Jan 20, 2023 | Briefly explained
What Is a Safety Stock? The extra quantity of a product that is stored inside the warehouse to make sure that products remain in stock and an out-of-stock situation that can be avoided is called safety stock. If you manage to maintain this stock successfully, it will...
