Tax Collected at Source or simply, TCS is a system of mandatory advance collection of tax by a seller of specified goods, from his buyer at the time of receipt of sale consideration or accrual in the books whichever is earlier. TCS has been introduced to curb defaults in payme...

GST and TDS compliances for small businesses – an awareness drive Small companies are now faced with two major problems, one is failed compliances, the resultant penalty payments and the other is the not able to maintain proper books of accounts. Small businesses include freel...

A business however small it may be, it will still be engaged in transactions with external parties like customers and suppliers. Maintaining invoicing and accounting records is not only for government agencies like GST, TDS and Income tax filings, it is more useful for the busine

Small companies are now faced with two major problems, one is failed compliances, the resultant huge penalty payments and the other is the not able to maintain proper books of accounts. Legal compliances are an integral part of any business. It ensures that the business runs s...

Business records with Accounting software, for non gst entities Small businesses under the circumstances stated in Section 23 of the Central Goods and Service Tax Act, 2017 deals with the provisions of persons who are not liable for GST registration. With the advent of GST reg...