Depreciation on Fixed Assets

What Is Depreciation? Depreciation allows to recognize a portion of the cost of a fixed asset to the revenue generated by the fixed asset. This is in line with the matching principle of Accounting. A business has to incur costs on Property, Plant and Equipment for generating revenue. These costs cannot be directly recognized as…

E-Invoicing in GST

E-Invoicing or electronic invoicing is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. E-invoicing facilitates exchange of the invoice document (structured invoice data) between a supplier and a buyer in an integrated electronic format. ‘E -invoice’ in ‘e-invoicing’ doesn’t mean generation of invoice by…