Retail Software
Distribution Software
Retail Chain
What is Section 115BAB of Income Tax Act and Who Can Opt for It?
The section 115BAB of Income Tax Act was introduced with an aim of promoting the development of a new manufacturing company in India by providing them for a considerably reduced…
MargBooks Business Guide
Inflation Accounting: How Does It Impact Financial Statements?
The inflation accounting is an important tool for businesses operating in an environment where prices and the economy are uncertain. When the value of the currency becomes fickle at times…
Why Do Auditors Rely Heavily on the Prudence Concept in Accounting?
The Prudence concept in accounting is a foundation stone of efficient financial reporting. Auditors use this principle so that they don’t overstate profits or assets and understate liabilities. In the…
What are the Latest Updates on Computer HSN Code and GST Rate for 2025-26?
Businesses which deal in computers, laptops, IT accessories and hardware are in need of understanding clarity related to classification and taxation treatment. The computer HSN code and GST rate explicitly…
How to Calculate Days Inventory Outstanding Accurately in 2025-26?
Knowing the amount of time your inventory spends in the warehouse is important for cash flow management. Days inventory outstanding is the calculation of the average time a business has…
Why Do Businesses Use the Change in Inventory Formula During Audits?
Sometimes one of the first questions your auditors ask you is what your stock is worth. The Change in Inventory formula provides the mathematical foundation of validating this crucial number.…
What Input Tax Credit Rules Apply Under HSN Code 4911 GST Rate?
Businesses that deal in printed promotional materials, brochures, catalogues, posters and the likes come under the HSN Code 4911 GST Rate. This category normally includes printed products that are not…
Why is it Important to Balance Cash Inflow and Cash Outflow Monthly?
For any business, to stay financially healthy and understand how the money comes in and how it goes out is a big part of your business. cash inflow and cash…
How Do Non Current Assets and Current Assets Influence Tax Planning?
The non current assets and current assets can be extremely important assets that require understanding for effective tax-planning strategies for Indian businesses. The asset classes are the most important source…
What are the Compliance Rules Linked to 9403 HSN Code GST Rate?
Furniture manufacturing and retail are some of the fastest growing segments in India. The 9403 HSN Code GST Rate is applicable to furniture items, which are made up of wood,…