Practical guides for GST, accounting, and small business
Plain-English walkthroughs of compliance, billing, inventory and accounting for Indian merchants, accountants and MSME owners.
Average Basket Size in Indian Retail: The Three Numbers Shops Confuse
Average basket size in retail explained for Indian shops: units vs rupees vs bill count, why MRP caps it, and why an udhaar bill inflates the number.
Priya Sharma20 min readTally on Cloud Pricing India 2026: What You Will Actually Pay
Tally on Cloud pricing in India, and the two costs quoted prices leave out. Licence, TSS and hosting added up for 1, 3 and 10 users, against a cloud alternative.
Priya Sharma14 min readJournal Entry Examples for Indian Shops: 28 Entries with GST
8 journal entry examples for Indian shops with GST: cash sale, udhaar, purchase with ITC, returns, expiry write-off. Full debit and credit for each one.
Priya Sharma22 min readStock Reconciliation for Indian Shops: The Full Process, the GST Rules, and What to Do When the Numbers Do Not Match
Stock reconciliation explained for Indian shops: why book and physical stock differ, the 7-step process, and what GST Rule 56 and Section 17(5)(h) require.
Priya Sharma24 min readMarkup vs Margin for Indian Retail: The Conversion Table and the MRP Trap
Markup vs margin explained for Indian shops: the conversion table, why MRP changes the whole calculation, and the GST mistake that overstates your margin.
Priya Sharma18 min readInventory Turnover Ratio in Retail: Formula, Benchmarks and What a Good Number Is for an Indian Shop
Inventory turnover ratio for Indian retail: the formula, how to work it out from MRP, what GST does to stock value, and trade-wise benchmarks for Indian shops.
Priya Sharma25 min readBest GST Accounting Software in India (2026) — Compared
We compared India's GST accounting software on the 2026 slabs, cloud access and fit by shop type, plus the test that separates a biller from real books.
Priya Sharma18 min readDead Stock: How to Spot It, Clear It, and Stop It Coming Back
How to identify dead stock in an Indian shop, five routes to clear it in the right order, the GST reversal most guides miss, and how to stop it building up again.
Priya Sharma18 min readReorder Point Formula: When to Order Stock for Your Shop
The reorder point formula worked through for Indian shops, with rupee examples, supplier visit cycles, cash limits, MOQ schemes and festival demand. Includes how to set a minimum stock level per item.
Priya Sharma17 min readGSTR-9 Annual Return FY 2025-26: Due Date, Limit and Tables
GSTR-9 annual return for FY 2025-26 is due 31 Dec 2026. Who must file above ₹2 crore, the new 6A1 and 8H1 tables, Table 17 HSN summary, late fee and reconciliation.
Priya Sharma20 min readSteel HSN Code 2026: TMT Bar, MS Pipe, Sheet & Scrap Rates
Steel HSN code 2026 with GST rates. TMT bar 7214, MS pipe 7306, sheets 7208, scrap 7204, all at 18%. Plus the scrap RCM and 2% TDS rule most guides miss.
Priya Sharma20 min readElectrical Items HSN Code 2026: Wire, Switch, MCB & LED
Electrical items HSN code list 2026: wire 8544, switch 8536, MCB and DB 8537, fan 8414, all at 18%. LED lighting is the one item at 5%. Full rates.
Priya Sharma18 min read
Redefine business accounting
Join thousands of Indian small businesses running their accounts, billing and inventory on Accountune.