Reverse Charge Mechanism Under GST: Simple Guide for Business Owners
Understand RCM under GST, common transactions, cash payment, self-invoicing, input tax credit and GSTR-3B reporting with a simple example.
Mohan Gupta
Guides for Growing Businesses
Already running a business and looking for more stability and control? This section brings together practical guides to help you manage the challenges that come with growth. Learn how to track your money, manage stock accurately, reduce manual work, improve daily operations, and prepare your business for the next stage.
19 articles
Articles
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Presumptive Taxation for Small Businesses: Section 44AD and 44ADA Basics
Understand current turnover limits, 6%, 8% and 50% income rules, audit risks and the 2026 tax-law transition for small businesses.
Mohan Gupta -
How to Read Basic Financial Reports for Your Business
Learn how to read profit and loss, balance sheet, cash flow and other business reports through a simple Indian business example.
Mohan Gupta -
MSME Samadhaan for Delayed Payments: Simple Guide for Small Businesses
Learn who can use the MSME ODR portal, how the 45-day payment rule works, what records to keep, and what happens after filing a delayed-payment claim.
Mohan Gupta -
Profit and Loss Statement Explained for Business Owners
Learn how Indian business owners can read a P&L report, compare margins, track expenses, and understand why business profit and cash may differ.
Mohan Gupta -
E-Invoicing for Small Businesses: Applicability, IRN, and QR Code Basics
Understand e-invoicing applicability under GST, the ₹5 crore turnover limit, covered documents, IRN generation, QR codes, and reporting deadlines.
Mohan Gupta -
Delivery Challan Meaning, Format, and Use in Business
Learn what a delivery challan is, when it is required under GST, and what a delivery challan format should include for Indian small businesses.
Mohan Gupta -
Break Even Point: Meaning and Calculation for Small Businesses
Learn break even point meaning, formula, and calculation with a simple example. Understand pricing, costs, and profit planning for your small business.
Mohan Gupta -
Advance Tax for Small Businesses: Meaning, Due Dates, and Calculation Basics
Learn what advance tax means for small businesses in India, who needs to pay it, key due dates, basic calculation steps, and how to avoid interest.
Mohan Gupta -
Credit Note and Debit Note Explained with Examples
Learn credit note and debit note meaning with simple GST examples. Understand when to issue them and how to record them correctly.
Mohan Gupta -
Incoterms Explained for Small Indian Exporters and Importers
Learn Incoterms meaning for import and export. Simple guide to FOB, CIF, EXW, DAP, and DDP for small Indian exporters and importers.
Mohan Gupta -
Depreciation Meaning for Small Businesses: Simple Guide with Examples
Understand depreciation meaning, how it works in accounting, and why it matters for Indian small businesses, with simple examples.
Mohan Gupta -
MSME Loans in India: Documents, Eligibility and Preparation Checklist
Learn about MSME loan options in India, eligibility, documents required, collateral-free loans, and a simple preparation checklist for small business owners.
Mohan Gupta -
Cash Flow Statement Explained in Simple Words
Understand what a cash flow statement is, what it includes, and why it matters for your business, explained simply for Indian small business owners without accounting jargon.
Mohan Gupta -
Income Tax Notice for Small Businesses: Common Reasons and First Steps
Learn why small businesses in India receive income tax notices, how to verify a notice is genuine, and how to respond correctly through the income tax portal.
Mohan Gupta -
Trial Balance Meaning, Format, and Purpose Explained
Learn trial balance meaning, format, purpose, and example in simple terms. A practical guide for Indian small business owners who want to understand their accounts better.
Mohan Gupta -
Balance Sheet Explained for Small Business Owners
Learn balance sheet meaning, assets, liabilities, owner’s capital, and balance sheet format in simple language for Indian small business owners.
Mohan Gupta -
Input Tax Credit Under GST: Meaning, Eligibility, and Common Mistakes
Not sure what qualifies for ITC under GST? Learn eligibility rules, blocked credits, the claim process and mistakes that cost businesses money.
Mohan Gupta -
E-way Bill Basics for Small Businesses: When and Why It Is Needed
Learn what an e way bill is, when it is required, the e way bill limit, validity, documents, exemptions and latest GST updates for small businesses in India.
Mohan Gupta