GST, e-invoicing, input tax credit and accounting—explained in plain English, with technical detail and worked examples.
Exporting under a Letter of Undertaking means no IGST on the invoice — but only if a valid LUT is genuinely on file. Here is what to verify before invoicing.
23 Sept 2026
An e-commerce marketplace's settlement report bundles gross sales, TCS, fees and net payout together. Pulling these apart correctly is what keeps your GST books accurate.
23 Sept 2026
When a customer payment doesn't exactly match one open invoice, a consistent oldest-invoice-first rule beats ad-hoc guessing — and knowing when to flag instead of guess matters just as much.
23 Sept 2026
Under accrual accounting, an expense belongs to the year the service was actually delivered — not the year the vendor happened to get around to invoicing it.
23 Sept 2026
Pay a registered MSME vendor late, and the expense itself can become disallowed for that financial year under Section 43B(h) — a real tax consequence, not just a commercial one.
23 Sept 2026
Stock levels and revenue recognition don't have to move on the same date — but they should each move on a clearly defined, consistent trigger, not whichever event happens to be recorded first.
23 Sept 2026
AI in accounting can reduce repetitive invoice, matching and reconciliation work, but every material outcome still needs evidence, access controls and a named human reviewer.
23 Sept 2026
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