New product features, statutory payroll updates, modern leadership playbooks, and workforce intelligence.
A GST invoice number can have up to 16 characters using letters, digits, hyphen and slash, in one or more series, unique within the financial year. How to set series per branch and GSTIN, restart on 1 April, and fill the now-mandatory Table 13 of GSTR-1.
A composition dealer and anyone selling exempt goods or services must issue a bill of supply, not a tax invoice, under Section 31(3)(c) and Rule 49. The required fields, the composition wording, and how Rule 46A lets a retailer put taxable and exempt items on one bill.
A discount cuts GST only if it is shown on the invoice or, for post-sale discounts, agreed before the sale, linked to invoices and matched by the buyer reversing credit. What sales can promise, how Circular 251/08/2025 treats dealer schemes, and the pending 2026 amendment.
A bank reconciliation explains every rupee of difference between your cash book and the bank statement. Update the books for charges, interest, bounced cheques and unknown credits first, then list unpresented cheques and deposits in transit.
CARO 2020 asks auditors whether a company keeps proper records of its assets with quantities and location, and whether management physically verifies them at reasonable intervals. The fields, tagging, verification cycle and disposal entries that satisfy both.
Since 1 April 2023, every company keeping books in software must use a tool that logs each change with its date and cannot switch the log off. The log is kept like books of account for eight years, and auditors report on it under Rule 11(g).
Your CRM or billing system decides CGST plus SGST or IGST from the customer master. Capture the GSTIN, legal name and state correctly, check status on the GST portal, and know the fix if the wrong tax type was charged: pay the right tax, then claim a refund within two years.
A cash credit is secured on stock and debtors, an overdraft usually on a deposit or property, and a working capital term loan is a fixed amount repaid in instalments. Interest on CC and OD is charged only on the amount drawn, which matters for seasonal businesses.
PF is payable on arrears of basic and DA. Report them against the wage months they relate to through an arrear ECR, cap each month at that month's ceiling (₹15,000 before 17 September 2026, ₹25,000 after) and pay by the 15th of the next month.
A foreign national working for a PF-covered Indian establishment is an international worker and must join EPF from joining, on full salary with no wage ceiling, unless a certificate of coverage under a social security agreement exempts them. Withdrawal is limited.
When an ESIC-insured employee is injured at work, give first aid and transport, file the Form 12 accident report on the ESIC portal within 24 hours, and ESIC pays temporary disablement benefit at 90% of wages, with no contribution condition, for as long as the disablement lasts.
ESIC pays sickness benefit at 70% of wages for up to 91 days, maternity at full wages for 26 weeks, disablement at 90%, and unemployment relief under ABVKY, now extended to 30 June 2027. The contribution conditions for each, with a worked example.
