Varshamore

  A consolidated E-way bill is a single document that contains all the details on the E-way bills related to the consignments. The transporter will face less confusion because he will only need to maintain one consolidated E-way bill rather than keeping multiple E-way bills for different consignors and consignees in one vehicle. You must be a transporter or should generate an E-way bill on your own to use the facility of a consolidated E-way bill. Steps to generate Consolidated e-way bills The following steps show the way to generate a consolidated E-way bill: Step 1: Log in to the E-way bill portal and generate individual E-way bills. Step 2: Select Generate New under the Consolidated EWB option found on the left-hand side of the dashboard. Step 3: After that, fill in the following details: ●      Select Mode of Transport (Rail/Road/air/Ship) ●      Next, expand the drop-down and select From State ●     ...

  Due to the epidemic, the government has temporarily blocked permitting taxpayers to generate E-way bills. The taxpayers were greatly relieved by this suspension since it saved them the inconvenience of having to unlock E-way bills that had been blocked for non-compliance. However, the most recent GST advisory, which was made public on August 4th, 2021, noted that, in accordance with Rules 138 E (a) and (b) of the CGST Rules, 2017, the blocking of the E-way Bill (EWB) generating facility has restarted after August 15th, 2021.   Thus, starting on August 15th, the system will examine the validity of any returns or statements submitted using Form GST CMP-08 or Form GSTR-3B, and it will prevent the creation of EWB under the following circumstances: ●      Two or more Form GSTR-3B returns that are due (monthly or quarterly, as applicable) but are not filed for tax periods that expire in June 2021. ●      For the quarters up to June 20...

  Companies all across the world are attempting to counter competitive challenges through cost savings and increased financial performance visibility. By automating repetitive administrative procedures, back-office departments can see considerable cost reductions. Fewer organizations have optimized accounts payable compared to the number of organizations that have simplified and digitalized operations like procurement. In order to save money, some are centralizing accounting tasks into payment factories, while others are moving invoice processing abroad or outsourcing to a third party. Here are four of the main justifications for why you need to use e-invoicing in your business if you have not previously. 1.   Overcome paper invoice challenges: It is surprising that so many organizations have not yet optimized their accounts payable activities given the time, effort, and expense associated with the paper-based invoicing process. Each paper invoice must be processed manually, w...

  Do daily operations in your business include stock goods or inventory? If this is the case, you must manage and maintain track of all of your stocks. How many of them have been sold each day? What is the stock balance? Are the stocks moving per demand? Do you have an excessive amount of unused stock? And so on. Business owners may operate their firm more successfully by carefully monitoring the closing stock and conducting routine inventory audits. You can constantly maintain supply and consumption levels at their appropriate levels with the use of small business accounting software . This feature of inventory management software for small businesses is useful when dealing with several product lines and having inventories in multiple locations. Why is small business accounting software important? You may have seen several times that a retail store owner may find it challenging to maintain track of the stock on hand and inventory levels at a certain location. Daily management of t...