If you’re a small business owner in India, GST compliance is non-negotiable. One missed due date, and you could end up paying a GST return late fee, interest, or both—cutting into your profits and increasing stress.
The best part? …
- By Ram Prasad Dutt
- 22-02-2025
- 8 min read
Welcome to the OPEN Glossary! Whether you’re new to financial services or just need a refresher, this guide is designed to help you navigate the world of OPEN with ease. Financial terms can often feel overwhelming, but this glossary breaks …
- By Ram Prasad Dutt
- 21-02-2025
- 2 min read
Managing financial paperwork doesn’t have to be complicated. Among the various documents you’ll handle, cash memos stand out as particularly useful tools for tracking your transactions. Let’s explore what makes these simple documents so valuable for both businesses and individuals.…
- By Saudamini Chandarana
- 21-02-2025
- 5 min read
Micro, Small, and Medium Enterprises (MSMEs) form the backbone of the Indian economy, contributing significantly to employment generation and GDP growth. To support and streamline their operations, the Government of India introduced Udyam Registration—a digital-first initiative that makes formalization simple, …
- By Fathima
- 20-02-2025
- 5 min read
Prepaid Payment Instruments (PPI) lets you purchase goods with prepaid money in your online wallets, paper vouchers, prepaid smart cards, and more. India allows Prepaid Payment Instruments under Reserve Bank of India (RBI) regulations.
In 2015, introducing Prepaid Payment Instruments …
- By Fathima
- 19-02-2025
- 4 min read
Every business transaction doesn’t always go as planned. When customers return products, dispute charges, or receive incorrect invoices, businesses need a systematic way to handle these adjustments. This is where credit notes come in – a critical financial document that …
- By Saudamini Chandarana
- 11-02-2025
- 5 min read
When it comes to doing business in India, understanding the income tax rate for companies is crucial—be you a domestic enterprise or a foreign entity operating in the country. Whether you’re a startup founder, a seasoned business owner, or simply …
- By Fathima
- 10-02-2025
- 3 min read
Managing transactions efficiently is crucial as a business owner—whether you’re paying vendors, receiving customer payments, or handling cash flow. Understanding the RTGS limit and NEFT maximum limits can help you better plan payments, avoid delays, and optimize cash flow …
- By Saudamini Chandarana
- 10-02-2025
- 7 min read
Taxes are an integral part of our financial ecosystem. Among the various forms of taxes that individuals and businesses need to pay, advance tax plays a critical role. As a taxpayer in India—whether you’re an individual, freelancer, or business owner—understanding …
- By Fathima
- 28-01-2025
- 3 min read
Ever wondered how businesses keep their finances on track and avoid cash mishaps? Proper financial record-keeping isn’t optional – it’s a critical foundation for any company’s long-term success. At the core of sound financial management is a fundamental tool: the …
- By Fathima
- 24-01-2025
- 5 min read
Companies today constantly seek ways to enhance efficiency, streamline processes, and ensure scalability. One of the most powerful tools to achieve these goals is an ERP system. The ERP full form is Enterprise Resource Planning, and it integrates various business …
- By Saudamini Chandarana
- 24-01-2025
- 3 min read
GST compliance is a critical aspect of running a business in India. Breaking it down into manageable steps can make a significant difference. Among these steps, two critical forms—GSTR-1 and GSTR-3B—play an essential role in ensuring your business adheres to …
- By Fathima
- 21-01-2025
- 3 min read
Running a successful business is all about relationships–not just with customers but also with the people and companies who help you deliver your products and services. That’s where vendor management comes in, and doing it right can make or break …