A pending payment is a transaction that is initiated but not yet completed because the bank, payment gateway, or payment…
A trial balance is an accounting statement that records all ledger balances to ensure total debits and credits match before…
A UTR number (Unique Transaction Reference) is a unique identifier for each financial transaction in India. When you make an…
HSN and SAC codes play an important role in ensuring that your invoices get processed without any issues. Leaving the…
GST state codes are the two digit numeric codes assigned by each state and union territory in India by the…
Dissolution of partnership firm means the complete closure of a partnership business where all relationships between partners legally come to…
Key Summary Minimum capital for NBFC-MFI: ₹5 crore RBI approval required for NBFC-MFI Section 8 company needs no RBI license…
A Nidhi company is a member-only financial company where people save money together and provide loans to each other under…
In 2017, the Government of India introduced the Goods and Services Tax (GST), a unified indirect tax system that replaced…
A Section 8 Company is a non-profit organization registered under the Companies Act, 2013, formed to promote charitable objectives like…