In our endeavour to help entrepreneurs to grow their businesses, we published lot of insightful articles last year. Ive handpicked 15 of them that instantly stuck the cord with our readers. Hope youll enjoy these posts. Here are our most popular business articles from year 2016.. 1) 12 Inventory Management Techniques To Cut Losses Inventory is…
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GST tax payments are where compliance either holds together or falls apart for small businesses in India. Filing returns is one thing — actually settling your tax liability correctly, on time, and through the right ledger is where most owners get tripped up. As of 2026, the GST portal has shifted toward system-driven enforcement,…
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The GST impact on e-commerce business in India has shifted dramatically since the early days of implementation. What started as a registration headache in 2017 has evolved into a data-driven compliance ecosystem where real-time matching, automated TCS deductions, and tightened return reconciliation leave almost zero room for error. In practice, I see many e-commerce…
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Inventories are the largest current asset of any business. Businesses are often confused about FIFO Vs LIFO. Ideally, there are two inventory valuation methods or accounting methods: LIFO (Last-in, first-out) and FIFO (First-in, first-out), or for this blog; FIFO vs LIFO. These are the two most used inventory methods for record-keeping that are feasible by…
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GST Registration Process 2025 with New GST Slabs and GST 2.0 Reforms Picture this: It’s Monday morning, September 23rd, 2025, and Raj’s phone hasn’t stopped ringing. His textile business in Delhi crossed ₹40 lakhs last month, and suddenly every supplier wants to know his GSTIN. But here’s the twist – overnight, the entire GST landscape…
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Mukesh Ambani takes Rs. 15 Cr as his annual salary, Snapdeal co-founders earn Rs. 46.5 Cr each, Flipkart founders take home Rs. 20 Cr every year, Mark Zuckerberg prefers to pay himself $1 per year, and Narayan Murthy earned just Rs. 1 as his annual payment. So, what’s the right salary for an entrepreneur? If…
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GST Levy refers to when tax becomes payable on a supply of goods or services under the CGST and IGST Acts, 2017. GST Exemption refers to specific goods or services on which GST is not charged as notified by the government. Understanding both is critical for small businesses navigating the Rs. 40 lakh threshold…
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At ProfitBooks, we are committed to make taxation simple for small business owners in India. Since GST is set to replace various indirect taxes, we are going to start this series on frequently asked questions on GST. This article is first in this series. Please feel free to share your thoughts or questions in the…
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Certain things just dont mix well like milk in Maggie or your parents and your goal plans, and even tho you can separate your goa plans and your parents .You should separate your business and personal finances separately. On paper this might sound simple and easy, but one day to get some groceries from…
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