56th GST Council Meeting: Key Highlights
From GST rate cuts to cess hikes and compliance reforms, here are the key outcomes of the 56th GST Council Meeting that will impact businesses.
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…
Cash Memos: What They Are and Why They Matter
Managing financial paperwork doesn’t have to be complicated. Among the various documents you’ll handle, cash memos stand out as…
Udyam Registration: A Quick Guide for Small Businesses
Micro, Small, and Medium Enterprises (MSMEs) form the backbone of the Indian economy, contributing significantly to employment generation and…
Understanding Prepaid Payment Instruments (PPI) in Banking
Prepaid Payment Instruments (PPI) lets you purchase goods with prepaid money in your online wallets, paper vouchers, prepaid smart cards, and…
What is a Credit Note? Meaning, Uses & Benefits Explained
Every business transaction doesn’t always go as planned. When customers return products, dispute charges, or receive incorrect invoices,…
Corporate Tax in India – Income Tax on Companies
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…
Navigating RTGS and NEFT Limits: A Must-Read for Indian Entrepreneurs
Managing transactions efficiently is crucial as a business owner—whether you’re paying vendors, receiving customer payments, or handling cash…
Advance Tax Calculator: A Guide for Indian Taxpayers
Taxes are an integral part of our financial ecosystem. Among the various forms of taxes that individuals and businesses need to pay, advance…