What Is GSTR‑1A?
Understand GSTR-1A for error correction in GSTR-1 before GSTR-3B. Crucial with July 2025 GSTR-3B becoming non-editable.
Delivery Challan Explained: Meaning, Format & Benefits
Every business that deals with goods movement—whether for sales, repairs, or stock transfers—needs proper documentation. While invoices are…
From Cash to Clicks: India’s Digital Payment Evolution
India’s digital payment landscape has undergone a transformative journey, with the Unified Payments Interface (UPI) at the forefront of this…
GST Interest & Late Fees Calculator
Goods and Services Tax (GST) compliance is crucial for businesses in India. While timely GST payments keep businesses compliant, any delay can…
Savings Account Vs Current Account: Understanding Key Differences
Imagine standing at your bank, ready to open an account, but pausing at a crucial question: a savings account or a current account? This…
Debtors Vs Creditors: Key Differences Explained
In business and personal finance, the terms “debtors” and “creditors” represent essential financial relationships that…
Mandatory ISD Provisions Under GST from April 2025: What Businesses Need to Know
Starting April 1, 2025, businesses that receive input service invoices for multiple branches must compulsorily register as an Input Service…
GST Registration in India
Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services across India. Introduced on July 1,…
What is a Debit Note? Meaning, Uses & Importance
Imagine you’re running a retail store, and you’ve just received a shipment of electronics from your supplier. Upon inspection, you…
Indian Bank Names: Full Forms & History
Indian bank names often come across as a puzzle of letters – SBI, HDFC, ICICI, PNB – but what do these abbreviations actually…
OPEN Glossary: Your Guide to Financial Terms and Features
Welcome to the OPEN Glossary! Whether you’re new to financial services or just need a refresher, this guide is designed to help you…