How to Create an Invoice?
Creating, issuing and tracking invoices is an important part of doing business and is important for having more cash flow in the business. Therefore, it is important for all entrepreneurs to know how to create an invoice with the basic content included in the invoice. In this article, we are reviewing the invoice process in...
A Comprehensive Guide to Payment Gateways in India
A payment gateway is a service that enables online businesses to accept and process payments from customers using various methods such as credit cards, debit cards, net banking, UPI, wallets, etc. A payment gateway acts as an intermediary between the merchant’s website and the customer’s bank or card issuer, ensuring the security and validity of...
The best payment gateway in India & How to get one
Online payment has become an inseparable part of the e-commerce industry, especially in India, where the use of online payment methods like credit/debit cards, UPI, and mobile banking has accelerated due to the COVID-19 pandemic. As more businesses adopt online payment gateways, the importance of these e-payment services is increasingly becoming more of a necessity...
What is Bill or Invoice Discounting ?
In the world SMEs (Small & Medium Enterprises), one thing entrepreneurs are most afraid of is the money laundering caused by payment delays from their customers. The reason for the concern is not about the acceptance of these payments, but rather about when these payments are received. Delayed payment may prevent the business owner from...
Discounting Bill of Exchange
There are a variety of facilities offered by the commercial bank. The overpayment center and the exchange discount are some of those properties. OVERDRAFT FACILITY An advance overdraft offered by allowing the current account holder to override their current account up to the agreed limit. It is an institution for a person who invests...
What are CGST, SGST & IGST?
What is CGST? Central Goods and Services Tax (CGST) is important for intrastate sales, where the seller and customer service are from the same country. The CGST is used for goods and services to enable tax collection in the Central Government. Unlike IGST, in the event of a transaction, CGST is compiled as a separate...
What is a GST Compliant Invoice?
GST INVOICE Prior to the implementation of GST, there were various types of active invoices in the system such as tax invoice, asset invoice, sales invoice, etc. However, after the implementation of the GST, all those different invoices were replaced by the GST invoice. In order to claim the input tax liability, issuing a GST...
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