Retail Software
Distribution Software
Retail Chain
What is Marginal Relief in Surcharge on Income Tax?
Understanding surcharge on income tax has been very important for Indian taxpayers who have an annual income exceeding well-defined levels. This tax is an extra tax charged on top of…
MargBooks Business Guide
What Happens If SCN in GST is Not Replied?
Receiving an SCN in GST may disturb any Indian business owner. A Show Cause Notice is not a regular intimation. It is a formal legal step in which the tax…
What is the Validity of Letter of Authorisation for GST?
GST compliance is dependent on the correct authorisation of representatives dealing with filing, replies, and proceedings. A Letter of Authorisation for GST is done to give a special permission from…
Can ITC be Reversed if Section 16(4) of CGST Act Conditions are Violated?
Input tax credit makes GST neutrality very firm with Indian businesses. The section 16(4) of CGST act has a statutory cut-off for taking ITC and has a direct effect on…
What are the Key Provisions of Rule 37 of CGST SGST Rules?
Understanding the payment linked credit rules is considered critical for every GST registered business. To meet this issue, the rule 37 of CGST SGST rules have been made to link…
Why was Rule 42 of CGST Rules Introduced in GST?
The introduction of rule 42 of CGST rules covered an important gap of how input tax credit was being claimed under GST. From the early days of implementation, businesses had…
How Does Invoice Processing Impact Cash Flow Management?
Cash movement determines the comfort in which a business operates every month. Sales on paper doesn’t pay salaries, rent and suppliers. Actual receipts do. Invoice processing lies in the middle…
What are the Common Errors While Filing IFF in GST?
Under the QRMP scheme, small and mid-sized businesses are often dependent on monthly uploads of their invoices for the continuity of the buyer’s credit. The IFF in GST plays a…
How Journal Entry of Cash Sales Impacts Ledger?
Every business that gets immediate payment from their customers deals with cash sales on a daily basis. The Journal Entry of Cash Sales is one of the first accounting entries…
What Types of Payments Can Be Made Using DRC 03 in GST?
Understanding GST Compliance is often based simply on knowing when and how to make the right payment. One such important tool is DRC 03 in GST where the taxpayers can…