The NIDHI-Seed Support Program (NIDHI-SSP) is a Government of India initiative that provides financial support to early-stage startups to develop innovative products, test business ideas, and start...
Short answer: You cannot edit a GST invoice once it is issued. If you charged too much tax, issue a credit note. If you charged too little, issue a debit note and pay the extra tax. If you made an...
Short answer: Issue a tax invoice when you charge GST on a sale. Issue a bill of supply when you do not charge GST, which means you are a composition dealer or the goods or services are exempt or...
Short answer: If your startup is a company, the law requires a chartered accountant, as the statutory auditor, and a CA is also the practical choice for GST, TDS, income tax and ROC filings, DPIIT and...
Short answer: From Tax Year 2026-27 (income from 1 April 2026), the tax audit report under Section 63 of the Income-tax Act, 2025 is a single Form 26, replacing Forms 3CA, 3CB and 3CD. Section 63...
Short answer: GST Reconciliation in a chain. First match your sales register in the books with your e-invoice (IRN) register, then match both with GSTR-1, then match GSTR-1 with the liability declared...
Short answer: Before you close the books, reconcile sales (books, GSTR-1 and GSTR-3B), reconcile ITC (books against GSTR-2B), settle credit notes, advances and reverse charge, match your GST ledgers...
Short answer: If a government office deducted GST TDS from your payment but the credit not showing in your electronic cash ledger, the usual reason is that the deductor has not filed GSTR-7, or filed...
Short answer: If the GST amount is shown separately on the invoice, deduct TDS on the amount before GST, not on the total invoice value. If GST is not shown separately, TDS is deducted on the full...