Content writerย โขย 1y
Hello everybody! Day 3 of knowing about businesses that are still operating even after being illegal! Have you ever come across news about GST fraud or fake billing? It's a sneaky tactic used by some businesses to hide their black money. Let me break it down, Fake billing is a way for businesses to dodge paying GST to the government. Here's how it works: they present a fake bill to the government and claim that they didn't earn a single rupee from the sale. For example, let's revisit the previous scenario.(Img) The business shows a fake invoice of 118 from A as their purchase and claims to have sold the same for 118 at B. This means no GST needs to be collected. But gov can trace A easily right? No, A has obtained a fake bill from C, and C from Z, and the chain goes, making it difficult to trace the culprit. Continued in the comments,
Be unique ๐ย โขย 6m
I am working on an idea of a product of a billing system which is connected to an app through voice recognition which can bloom the retail and bill system market for any time use it is replacing the billing copies , calculator, billing software . so
See MoreFounder - IZENITHSED...ย โขย 1y
Looking for an efficient billing and compliance solution for your business? Look no further! Our comprehensive suite of GST billing software and services is tailored to meet the needs of businesses across various industries. Our cutting-edge GST bi
See MoreChartered Accountantย โขย 1y
GST Thread 1 Evolution of GST across the years - 2000 - PM introduced the concept of GST and set up a committee 2006 - Announced by FM that GST to be introduced from 1st April 2010 2014 - Bill introduced in Lok Sabha 2015 - Bill passed in Lok Sa
See MoreContent writerย โขย 1y
Hey there everyone! Day 1 of uncovering businesses that continue to operate even after being deemed illegal! The most illegal and common business is HAWALA its used by many big businesses(money laundering) and terrorist groups( to fund their groups
See MoreSoftware hamara, bus...ย โขย 1y
Must have softwares for startups : 1. CRM : Manage your relationship with customers 2. Accounting : have a check on in & out financials 3. Invoice : to make invoices fast 4. GST billing : to manage GST 5. HR Management: to manage your human resource
See MoreNot just billing, A ...ย โขย 3m
Day 3: The next morning, as Ravi sipped his chai behind the counter, Meera approached him, holding her phone. "Papa, remember our talk about smarter tools? Look at this app-it's called MAKE MORE BILLING." Ravi squinted at the screen. "MAKE MORE
See MoreOG Founder & CEO - P...ย โขย 6m
๐จ GST Council Introduces 'Track and Trace' Mechanism ๐จ The GST Council has approved a 'track and trace' system to combat tax evasion in specific industries. Cigarettes and pan masala are expected to be the initial focus of this initiative. Key H
See MoreContent writerย โขย 1y
Hey there, everyone! Today, we're diving into some key aspects of Gst to lay the groundwork for our discussion on illegal businesses. This knowledge will be crucial for what's coming up next. Today we will be learning about input and output Gst, Inp
See MoreDownload the medial app to read full posts, comements and news.