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GST Composition Levy Explained

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, Are you GST ready yet? Get ready for GST with…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

279,477 total views, 85 views today

How to File Your GST Returns

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…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

347,391 total views, 87 views today

What are the Types of Returns Under GST?

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…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

218,066 total views, 77 views today

How to Amend, Cancel, or Revoke GST Registration

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…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

169,359 total views, 54 views today

How to Apply for a New GST Registration

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…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

685,525 total views, 120 views today

Registered Dealer? Learn How to Transition to GST

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 you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

225,194 total views, 96 views today

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

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. Are you GST ready yet? Get ready for GST with Tally.ERP 9 Release 6 Get a Free…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

338,632 total views, 90 views today

GST Input Tax Credit Explained [Video]

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…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

129,243 total views, 20 views today

How does GST Eliminate Tax on Tax? [Video]

In the current regime of indirect tax system, the chain of input credit, at a certain point, is broken. Let’s say Central Sales Tax (CST) applicable on interstate trade is non-creditable, leading to a break in the input credit chain. Similarly, a manufacturer charging excise…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

119,120 total views, 124 views today

How is GST Different from Current Tax Structure

This blog post has been updated on 6th June 2017. GST (Goods & Services Tax), a single unified tax system aims at uniting India’s complex taxation structure to a ‘One Nation- One Tax’ regime. It is the biggest tax reform since India’s independence. What does…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

188,876 total views, 55 views today