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Postponement of Audit Trail Rule in Accounting Software to 1st April,2022
MCA issued a notification mandating the businesses to use the software that has the feature of audit trail. According to the amendment, the new audit trail rule will be implemented from 1st April,2022
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Moving to New Financial Year
If you are a business using TallyPrime, you can end the financial year with a little drama as possible and be ready to welcome the new financial year.
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GST Accounting – How to Pass Entries under GST?
Postponement of Audit Trail Rule in Accounting Software to 1st April,2022
Moving to New Financial Year
UPI Based Dynamic QR Code on B2C Invoices & Solution by Our Eco-system
Best E-Invoicing Software Solution for Businesses in India
HSN Code on Invoices Mandatory from 1st April,2021
Dynamic QR code to enable and encourage digital payments where buyer can scan the dynamic QR code and make payment from mobile wallet directly.
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Tally being a recognized and ISO certified GSP (GST Suvidha Provider), TallyPrime directly integrates with IRP portal to seamlessly generate e-invoices.
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Businesses must mention the HSN code at 6/4 digits on tax invoices from 1st April,2021. Let’s check the specific guidelines and types of invoices on which HSN code is mandatory.
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All the businesses whose turnover exceed 500 Crores in the previous financial year, (starting from 2017-18) are mandated to display QR code on their B2C invoices from 1st December 2020.
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The second phase of e-invoice to be implemented from 1st April 2021 for businesses with the annual turnover of 50 crores or above.
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Sundry creditor is a person who is responsible for the supplies of the goods or services to another business firm on credit basis. Let’s understand the meaning & example of sundry creditors.
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Cost Centre is a separate department within a business to which costs can be allocated. Know the cost centre meaning, types & importance with examples.
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Accounts receivable is the money owed to your business by customers whereas, accounts payable is the money you owe to the suppliers. Understand accounts receivables vs accounts payables.
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GST Council had recommended QRMP scheme to reduce the compliance burden and facilitate ease of doing the business. Know the details of QRMP scheme & how to opt it.
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GST Accounting – How to Pass Entries under GST?
Moving to New Financial Year