Multiple GST Registrations: Know How to Manage Books of Accounts
Managing a business effectively requires proper bookkeeping. The bookkeeping must adhere to local laws and regulations to comply with taxes and other levies. Cash flow and financial transactions can be monitored, analyzed, and controlled with the help of accounting and bookkeeping. As the GST Act requires, a GST-registered business must keep its accounting for GST journal entries and records for at least six years. For multiple GST registrations, you must maintain them separately for each GSTIN. This article will examine some of the best practices for managing multiple GST registrations in your books of account. Learn how to The Importance of bookkeeping under GST Bookkeeping under GST is vital since it determines the amount of money being transacted and the [...]