Basics of GST

What is BRS? A complete guide to understanding Bank Reconciliation Statement, its importance, format, and preparation steps for accurate financial records.

Discover how to download your GST certificate without login, ensuring legal compliance and facilitating transactions for your business in India.

GST invoices are documents sent by suppliers to purchasers, detailing transaction nature, items, cost, and tax rate, along with delivery details.

GST registration in India is mandatory for businesses with higher turnover limits, and all paperwork can be completed online.

GSTR 2A is a purchase-related dynamic tax return auto-populated for each business by the Goods and Services Tax (GST) portal. It includes details of all purchases made by a business, including supplies made by registered suppliers.

India's comprehensive goods and Services Tax system mandates e-way bills for goods over ₹50,000. GSTINs may not be required for all electronic method bills, and alternate registrations can be used for unregistered shipments.

Understand contra entry in accounting: what is contra entry, contra entry meaning, definition, example, journal entry, types of contra entry, and its purpose.

The article discusses the differences between single-entry systems and double-entry systems of accounting and their alignment with current evaluation criteria for financial systems.

Understand what is ledger balance meaning, the difference between ledger balance vs available balance, see a ledger balance example, and learn the importance of ledger.

Tax Deducted at Source (TDS) is a crucial part of India's taxation system, with withholders depositing TDS to the administration through online challan settlements.