Category: Finance

GST Software
February 18th, 2019 in Finance

Rental Agreement – Format & Terms

A rental agreement or lease agreement, an official contract signed between the owner of a property and the tenant who wishes to take temporary possession of the property for a particular period of time. Further, it shall be drafted on a stamp paper. However, there is a minute dissimilarity between the two which is discussed…

February 18th, 2019 in Aadhaar, Finance, PAN Card

MSME Registration Process and Schemes in India

Background Over the last 5 decades, MSME, Micro Small Medium Enterprise or Small Scale Industries (SSI), emerged as the most dynamic and vibrant sector of the Indian economy. As per the report, MSME contributes around 8% of India’s GDP and covers around 90% of total India’s industrial unit producing more than 6,000 products. In…

February 16th, 2019 in Finance

ESIC Registration Process, Benefits, Returns and Penalty

ESI is Employees State Insurance which is defined in the Employees State Insurance Act, 1948. It is an integrated measure of Social Insurance and is specially designed to achieve the task of protecting employees. This ESI scheme is strictly administered and regulated by an autonomous body named ESIC (Employee State Insurance Corporation), as per the…

Updated on February 16th, 2019 in Finance

Tax Automation

With GST, tax automation will become critical in meeting regulatory requirements. GST regime mandates a high level of synchronization between tax payer’s system and GST system, which without automation will be an impossible task. Item level detail in invoices, with reconciliation of sales register and auto-populated purchase register, on a minimum three monthly returns, other…