by Groflex | Jan 20, 2023 | grofleX
The scope for small businesses and start-ups has been exceptionally increasing globally over the last few decades. In a developing country like India, the idea of small business growth is often ignored due to the massive population. But, is it possible for any...
by Groflex | Jan 20, 2023 | Briefly explained
The Goods and Service Tax (GST); a new taxation system in India, has replaced many of the existing indirect taxes. The complicated GST invoice format of the asset-based tax system is now eliminated under GST, a destination-based tax system. It has replaced several...
by Groflex | Jan 19, 2023 | Briefly explained
The GST council of India has completed three years of the GST regime. However, the government is still striving to address various issues and concerns to build a sound taxation system. While the government was resolving downsides concerning the impact of GST on the...
by Groflex | Jan 19, 2023 | Briefly explained
The government of India approved the Standard GST Invoice Template at its 37th GST Council Meeting. In January 2020, e-invoicing was accepted by the GST Council. Like the new GST filing system, the electronic invoicing standard will be applied on a voluntary basis....
by Groflex | Jan 16, 2023 | Accounting Software
A Goods and Service Tax invoice is a commercial bill of sale issued by the sellers to recipients of products or services. According to section 31 of the CGST Act, it is mandatory to issue tax invoices for any goods or services supplied. The GST law has specified rules...
