What is Income Tax Act?
When we hear the word tax, most of us think of money being taken away. But in reality, taxes help […]
Income Tax Act 1961 – Explained
The Income Tax Act, 1961 is one of the most important laws in India. It is a law that helps
How to cancel an e-invoice?
E-invoicing is a major reform that came along with India’s Goods and Services Tax (GST) framework. It mandates that businesses
Understanding Tax Invoices
Tax invoices are critical documents in the field of commerce and taxation. They serve as proof of transaction and facilitate
How Does GST Return Penalty Work
Through this article, we will explain the penalty system associated with GST return filing. By understanding these penalties you can
HSN Code for Installation Charges
The HSN is a crucial part of getting the tax classification rights for any goods or services in India. So,
Blocked e-Way Bill Holding You Back?
The e-Way Bill system is a crucial factor for the smooth flow of commodities in India. However, in certain situations,
Purchase Orders (PO) and Purchase Invoices (PI)
Purchase orders (PO) and purchase invoices (PI) are two of the most significant documents in doing business, but the two
GST on Rent in India: A Comprehensive Guide
With the launch of the Goods and Service Tax on 1st July 2017, India redefined the taxation model with an
What is the SAC Code?
Service Accounting Code is the abbreviation of SAC that was designed to classify services under the Goods and Services Tax
Realisation Account Format
Management of finances is always a must in any business, regardless of how large or small the business might be.
HSN Code for Financial Services
If you are running any business or providing services, then you have heard about HSN (Harmonized System of Nomenclature) and