Goods and Services Tax

GST Simplified for your Business

1
Moving to GST Era: For Registered Manufacturers
2
GST Composition Levy Explained
3
How to File Your GST Returns
4
What are the Types of Returns Under GST?
5
How to Amend, Cancel, or Revoke GST Registration
6
How to Apply for a New GST Registration
7
Registered Dealer? Learn How to Transition to GST
8
Composition Levy – Does it Really Make Sense?
9
How to Set Off Input Tax Credit Against Tax Liability in the GST Regime
10
GST Input Tax Credit Explained [Video]

Moving to GST Era: For Registered Manufacturers

Last updated on July 14th, 2017 at 06:55 pm

Transition provisions in GST have undergone significant changes in the Revised Draft Model GST Law published on 26th November 2016. Click here to read the revised blog post.

The first and foremost task for you, as a business registered under the current law, is transiting to GST (Goods and Services Tax). While it is important to know the fundamentals of GST, it is also very critical for you to understand GST transition provisions available, and take necessary actions to ensure a smooth transition to GST and leverage on transition benefits.

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Get ready for GST with Tally.ERP 9 Release 6

GST Composition Levy Explained

Last updated on July 13th, 2017 at 04:35 pm

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This post has been updated on 24 April 2017 to incorporate latest changes.

The current state indirect tax regime has provided a simpler compliance for small dealers known as the Composition Scheme. Under this scheme you, Read More

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

How to File Your GST Returns

Last updated on July 13th, 2017 at 02:21 pm

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Every registered taxable person has to furnish outward supply details in Form GSTR-1 (GST Returns-1) by the 10th of the subsequent month. On the 11th, the visibility of inward supplies is made available to the recipient in the auto-populated GSTR-2A. The period from 11th to 15th will allow for any corrections (additions, modifications and deletion) in Form GSTR-2A and submission in Form GSTR-2 by 15th of the subsequent month. Read More

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

What are the Types of Returns Under GST?

Last updated on July 17th, 2017 at 12:49 am

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This post has been updated on 25th October, 2016 to incorporate latest changes.

Convergence is the key to GST; convergence between states and central taxes.

Consider what happens today. A manufacturer who is compliant under Central Excise, Service Tax, and VAT has to file returns as specified by each of the states.  The manufacturer has to deal with returns, annexures, and registers for Excise, Service tax and VAT with monthly, quarterly, half-yearly and yearly periodicity. Read More

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

How to Amend, Cancel, or Revoke GST Registration

Last updated on July 17th, 2017 at 12:17 am

This post has been updated on 29 May 2017 to incorporate latest changes.

In our previous posts, we discussed how you can transition to a GST Registered Dealer and how to apply for a new GST registration

Let us now understand how to:

  • Amend your registration details
  • Apply for cancellation of registration
  • Revoke your registration if it is cancelled

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Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

How to Apply for a New GST Registration

Last updated on July 13th, 2017 at 06:52 pm

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  • Hindi
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  • Kannada
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  • Tamil
  • Gujarati

This post has been updated on 3 May 2017 to incorporate latest changes.

In the post titled Registered Dealer? Learn How to Transition to GST,  we discussed the essentials of GST registration, and the forms needed for existing dealer registration. In this post, we will understand the registration process for new business registrations. Read More

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

Registered Dealer? Learn How to Transition to GST

Last updated on July 16th, 2017 at 11:00 pm

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  • Kannada
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  • Gujarati

This post has been updated on 3rd May 2017 to incorporate latest changes.

With each passing day, we are moving one step closer to the GST regime. The four GST Bills (CGST, UTGST, IGST and Compensation bill) have been passed by Lok Sabha and Rajya Sabha and are approved by the President. As businesses begin their preparation towards the new taxation system, obtaining your GST registration is the first step in GST transition process. Read More

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

How to Set Off Input Tax Credit Against Tax Liability in the GST Regime

Last updated on July 17th, 2017 at 12:13 am

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We introduced Input Tax Credit (ITC) in a previous post.
Now let us understand how to set off your input credit against your tax liability in the GST regime.

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Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

GST Input Tax Credit Explained [Video]

Last updated on July 16th, 2017 at 10:54 pm

Language

  • English
  • Hindi
  • Marathi
  • Kannada
  • Telugu
  • Tamil
  • Gujarati

This post has been updated on 21, October 2016 to incorporate latest changes.

One of the fundamental features of GST is the seamless flow of input credit across the chain (from the manufacture of goods till it is consumed) and across the country. In this section, let’s discuss about various conditions laid down by law to avail GST input tax credit on supply of goods or services. Read More

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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