by Groflex | Jan 30, 2023 | Briefly explained
GST e-invoice has become a point of discussion among businesses and taxpayers in India. When any goods or services are transported from one place to another, the transaction is facilitated by filing invoices or e-way bills on the government GST portal. In the 35th...
by Groflex | Jan 30, 2023 | Accounting Software
As a small business owner, you must master the art of accounting at some level. Small business accounting is all about the process, system, and people (your team members). It is done by recording expenses, profits, and financial information of each business...
by Groflex | Jan 26, 2023 | Briefly explained
Stepping into the accounting field can be confusing at first with all the new terms to learn. Don’t feel left out in conversations, and don’t be left behind only because you aren’t sure what someone is talking about. Learn the basic accounting terms...
by Groflex | Jan 26, 2023 | Briefly explained
The Goods and Services Tax (GST) regime has subsumed all the indirect taxes in the past few years of its successful implementation. However, the new tax calculation system has streamlined indirect taxes. The government has unified the current and previous tax systems...
by Groflex | Jan 26, 2023 | E-invoice
The central board of Indirect taxes and customs (CBIC) issued a notification. It made it mandatory for businesses with turnover over 50 Cr in any fiscal year from FY 2017-18 onwards to issue e-invoices for all B2B transactions from April 1, 2021. It came in as the...
