by Groflex | Jan 24, 2023 | Briefly explained
The Goods and Services Tax (GST) e-invoice is a digitally generated invoice for the business transactions recorded on the government portal. The concept of GST e-invoice schema is expected to curb GST tax evasion. The authorities working for GST Council have...
by Groflex | Jan 24, 2023 | Briefly explained
The payment of Goods and Services Tax (GST) online has made tax payments easy and transparent. As a registered taxpayer of GST, you have access to three electronic ledgers, i.e. electronic liability ledger, electronic cash ledger, and electronic credit ledger. The...
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...
