BillClap Blogs

What is GST?Goods and Services Tax is a comprehensive, indirect tax levied across the country, from July 1, 2017. It replaced the central taxes and state taxes into a sole united tax, thereby making the tax structure easier. GST is charged on the supply of goods and services all across countries und

Several criterias apply to the registration for Goods and Services Tax (GST) within India with the primary criteria for eligibility being the annual turnover of a business. The current limit up to which registration is compulsory is ₹40 lakhs for most enterprises, ₹20 lakhs for service sector enterp

Understanding Cross Charge Transactions under GSTIn the landscape of Goods and Services Tax (GST) in India, cross charge transactions represent a critical aspect for businesses operating through multiple units or branches registered under the same PAN across different states. These transactions invo

Demystifying Input Service Distributor (ISD) under GST: Empowering Organizational EfficiencyIn the intricate web of Goods and Services Tax (GST) regulations in India, the Input Service Distributor (ISD) emerges as a critical entity designed to streamline tax credit distribution within organizations

Effective freight management is crucial for businesses that depend on the transportation of goods. Two essential components of freight management are freight inward and freight outward. Understanding these concepts and their roles in logistics can help businesses optimize their supply chain, reduce

Business to start in Delhi is an attractive proposition for entrepreneurs seeking a thriving and supportive environment. Delhi, the capital city of India, offers an ideal combination of factors that make it a perfect place to launch and grow a business. With its robust infrastructure, diverse market

Odisha, a state in eastern India, is known for its rich cultural heritage, diverse natural resources, and unique art forms. Rural Odisha, with its abundant resources and traditional craftsmanship, presents numerous opportunities for small businesses. Here are some promising small business ideas that

India's Micro, Small, and Medium Enterprises (MSMEs) sector is a crucial pillar of the country's economy, contributing significantly to GDP, employment, and exports. The government has implemented numerous initiatives to foster MSME growth, making it an attractive sector for budding entrepreneurs.&n

SME Full Form  SME stands for Small and Medium-sized Enterprises. In India, these enterprises play a pivotal role in economic development, contributing significantly to the GDP, employment, and export sectors. The definition and classification of SMEs in India are primarily based on the in

A credit note, also known as a credit memo, is a document issued by a seller to a buyer, indicating that a certain amount has been credited to the buyer's account. This can occur due to various reasons such as returned goods, billing errors, or other adjustments. A credit note serves to nullify or r