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...
by Groflex | Jan 20, 2023 | Accounting Software, Briefly explained, grofleX
Managing finances is a significant business operation that helps make better financial decisions. Most small business owners or freelancers cannot afford to hire an accountant as they start initially. Most accountants and freelancers prefer implementing cost-effective...
by Groflex | Jan 20, 2023 | Briefly explained
The time has come for businesses to prep themselves for their next GST returns filing. As the dates are nearing, it is crucial to issue tax invoices as per the recent GST guidelines to eliminate the risks of facing barriers. As businesses mark the beginning of the new...
by Groflex | Jan 20, 2023 | Briefly explained
The Goods and Services Tax (GST) is an indirect tax regime that has replaced several indirect taxes in India. The GST laws and rules on goods and services were approved in the Parliament on March 29th, 2017, and came into force on July 1st, 2017. Any supply of goods...
