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...
