Impact of Recent GST Updates on Small Businesses

After the 22nd GST Council meeting on 6th October ’17 and 23rd GST Council meeting on 10th November, ‘17, the Government announced major changes in the GST Law and Rules. In this blog, let us understand the impact of these GST updates on small businesses….

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

25,330 total views, 46 views today

Filing GST ITC-04 in GST Portal

Recently, the Government issued a notification extending the date for filing of GST ITC-04 for the quarter July-September ’17 to 31st December ’17. In this blog, let us understand GST ITC-04 and how to file GST ITC-04 in the GST portal. Are you GST ready…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

76,625 total views, 48 views today

How to Cancel Provisional Registration under GST

As part of migration from the previous tax regime to GST, all taxpayers registered in the previous tax regime were auto-migrated to GST. This was irrespective of whether the taxpayers are liable to register under GST or not. Taxpayers who were auto-migrated and given a…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

46,002 total views, 106 views today

When Can your GST Registration be Cancelled

We know that registration under GST is perpetual and does not require any renewal. However, there are scenarios when a person’s registration can be cancelled by an assessing officer. Let us understand the scenarios of GST registration cancellation. Are you GST ready yet? Get ready…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

54,716 total views, 99 views today

How and When to Issue Credit Note under GST?

We have learnt about the scenarios in which a supplier should issue a Debit note in our previous blog. Debit Notes and Credit notes are instruments used to record the cancellation or modification of a supply for which Tax Invoice or Bill of Supply has…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

105,653 total views, 133 views today

Time of Issue of Invoice in Continuous Supply under GST

A continuous supply is a supply where goods or services are supplied on a recurring basis under a contract and payment for the supply is also made periodically. For example: A contract for supply of mineral water to a company for 6 months, supply of…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

55,689 total views, 85 views today

Transport of Goods without Invoice under GST

Under GST, transport of goods should be accompanied by a ‘Tax Invoice’ or ‘Bill of Supply’. When a registered dealer supplies taxable goods, Tax Invoice should be issued and when the dealer supplies exempted goods, Bill of Supply is to be issued. A composition tax…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

82,191 total views, 89 views today

GST Council’s Recommendations -23rd Meeting

In the GST Council meeting on 10th November, ’17, various decisions were taken with the view to make compliance easier for small tax payers, make composition scheme more attractive for tax payers and reduce the household expenditure for consumers. Let us understand the GST Council’s…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

99,179 total views, 37 views today

Activities Which Are Not Supply under GST

Supply of goods or services is the taxable event under GST. In our blog on supply under GST, we have learnt about the activities which are considered as supply under GST. In this blog, let us understand the activities which are not supply under GST…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

46,963 total views, 52 views today

Who is Not Required to Register under GST

In our earlier blogs on registration under GST, we have learnt that persons whose turnover exceeds Rs. 10 Lakhs (in special category States) and Rs. 20 Lakhs (in rest of India) have to register under GST. However, certain persons are not liable to register under…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

86,903 total views, 128 views today