NIDHI-SSP Startup Funding: Can Early-Stage Startups Get Up to ₹1 Crore?
The NIDHI-Seed Support Program (NIDHI-SSP) is a Government of India initiative that provides financial support to early-stage startups…
GST Invoice Issued With Wrong Tax Rate: How Can It Be Corrected?
TAX
Short answer: You cannot edit a GST invoice once it is issued. If you charged too much tax,…
Tax Invoice vs Bill of Supply: Which One Should Your Business Issue?
Tax Invoice
Short answer: Issue a tax invoice when you charge GST on a sale. Issue a bill of supply…
Why Every Startup Needs a Chartered Accountant (CA) in India
Chartered Accountant
Short answer: If your startup is a company, the law requires a chartered accountant, as the statutory auditor,…
Form 26 Tax Audit Report: What Changes for Businesses From 2026 to 2027?
Form 26
Short answer: From Tax Year 2026-27 (income from 1 April 2026), the tax audit report under Section 63…
What Should You Reconcile Between Books, GSTR-1, GSTR-3B and E-Invoices at Year End?
GST Reconciliation
Short answer: GST Reconciliation in a chain. First match your sales register in the books with your e-invoice…
Year-End GST Checklist for Businesses Before Closing the Books
Year-End GST
Short answer: Before you close the books, reconcile sales (books, GSTR-1 and GSTR-3B), reconcile ITC (books against GSTR-2B),…
TDS Deducted Under GST but Credit Not Showing: What Should the Supplier Do?
Credit Not Showing
Short answer: If a government office deducted GST TDS from your payment but the credit not showing in…
How to Deduct TDS on a GST Invoice: Should TDS Be Calculated Before or After GST?
Deduct TDS
Short answer: If the GST amount is shown separately on the invoice, deduct TDS on the amount before…
When Is GSTR-7 Applicable, and Who Has to File It?
GSTR-7
Short answer: GSTR-7 is the monthly return filed by a person who is required to deduct TDS under…