Work in progress (WIP)
Work in progress is the value of work done but not yet invoiced. How consultancies measure it, and what it should keep apart.
Read the guideGuides
Time, billing and GST terms, explained
Short guides to the terms that come up when a consultancy records time, prices it and invoices it in India. The tax entries are guides, not tax advice.
Billable utilisation
Billable utilisation is the share of available hours spent on chargeable work. How to calculate it, and what to leave out of the denominator.
Read the guideSAC code
A SAC code classifies a service under Indian GST and is printed on the tax invoice. What it is and how a consultancy chooses one.
Read the guideLUT and zero-rated export invoices
How an Indian consultancy invoices an overseas client: export of services, zero rating, and supplying under a Letter of Undertaking.
Read the guidePure agent (CGST Rule 33)
When a cost paid on a client’s behalf stays out of the GST value of supply: the pure agent conditions in CGST Rule 33, in plain words.
Read the guidePlace of supply
Place of supply decides whether an Indian GST invoice charges CGST and SGST or IGST. How it works for professional services.
Read the guideCredit and debit notes under GST
How an issued GST invoice is corrected: a credit note when it charged too much, a debit note when it charged too little (CGST section 34).
Read the guideTimesheet record keeping
What makes a timesheet a record you can defend: entered close to the day, never overwritten, corrected with a reason, and approved.
Read the guideSee it on your own kind of work
We set ReliTime up with a walkthrough rather than a sign-up form. We will take you through a working organisation, from a week of timesheets through approvals and work in progress to a GST invoice, answer your questions as we go, and set up yours.
Or write to hello@relitime.com.