Blogs
What’s Included in Bookkeeping, and What Does Outsourcing It Cost a Small Business?
Bookkeeping covers the day-to-day recording of your sales, purchases, expenses, bank transactions, credit given and credit owed, plus a monthly match with your bank statement. When a small business outsources it, the cost in India usually depends on how many entries...
How Long Should a Small Business Keep Its Bills and Records?
A small business in India should keep its bills and books for at least six years, and closer to eight to be safe. GST law asks you to keep records for 72 months from the due date of the annual return, and income tax rules ask most professionals to keep books for six...
Do You Really Need an Accountant for a Kirana or Small Trading Business?
Not always. A kirana or small trading business with turnover under the GST limit, no staff on payroll and income filed under the presumptive scheme can often manage its own records with a simple app. You need an accountant once you register for GST, take a business...
What Accounting Does a Small Shop Actually Need?
A small shop needs four things to stay on top of its accounts: a daily cash and UPI record, a purchase and sales file, a monthly bank match, and a yearly return that fits its turnover. That's the core of accounting for small business owners in India. A kirana, a...
How to Check GST Active Status Online: A Guide for Businesses
Summary: You can check a GST registration's active status for free on the GST portal by using the Search Taxpayer tool with the GSTIN, no login needed. This shows whether the registration is Active, Cancelled, or Suspended in seconds. If you're tracking a new...
GST Filing Changes in July 2026: Everything Businesses Need to Know
Summary: From around July 2026, GST filing is becoming stricter as the government moves to hard-lock input tax credit (ITC) in GSTR-3B. Following the July 2025 change that locked outward liability, the next phase restricts ITC to what is auto-populated from GSTR-2B,...
GSTR-3B ITC Locking Explained: How the New Rule Will Affect Businesses
Summary: GSTR-3B ITC locking means the input tax credit you can claim in your monthly return is fixed to the amount auto-populated from GSTR-2B, and you cannot manually increase it. This follows the July 2025 change that locked outward tax liability. In practice, it...
GST Appeal Deadline Extended to 31 July 2026: Who Should File and How?
Summary: The government has extended the deadline for filing appeals and applications before the GST Appellate Tribunal (GSTAT) to 31 July 2026. This extension applies mainly to appeals where the order being challenged was communicated before 1 May 2026, and to...
ITR Filing Last Date 2026: Deadlines, Penalties and Late Filing
Summary: The ITR filing last date for FY 2025-26 (AY 2026-27) is 31 July 2026 for most salaried individuals filing ITR-1 or ITR-2. Businesses needing an audit have later dates. Missing the deadline means a late fee of up to Rs 5,000 under Section 234F (Rs 1,000 if...
