What is Form GST TRAN-1 and when to File it

Businesses having carry over Cenvat credit and Input VAT credit are allowed to carry forward the eligible Cenvat/Input Credit (ITC) from earlier regime to GST. The Cenvat credit including Service Tax will be carried forward as CGST Input Tax credit and VAT including entry tax…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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4 Steps to become GST Ready

The much awaited, much debated GST is now a reality. From the midnight of 30th June leading into 1st of July, most businesses across India were able to seamlessly continue their business, since they had taken the necessary steps to welcome the GST era. Are…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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5 Things for Businesses to Know as you Welcome GST

GST is here. While the entire country gears up to welcome the biggest economic and tax reform since Independence, here is a checklist for you – so that you easily transition into GST. Are you GST ready yet? Get ready for GST with Tally.ERP 9…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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GST Migration – Demystifying the Closing Stock Dilemma

With only a few days to go for GST to be rolled out, one of the key points of interest for most businesses are the transition rules and provisions, especially pertaining to the closing stock being held on the transition date. This is super-critical for…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Moving to GST: Composition Dealer Switching to Regular Dealer

All registered taxable persons under the existing indirect tax regime will be automatically transitioned to GST and will be given a provisional registration ID. After validation of the details submitted during enrolment, final registration IDs will be issued. Similarly, those traders, who have opted for…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Moving to GST: For Registered Businesses

The first and foremost task for you, as a business registered under the current law, is transiting to GST. 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 the…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Moving to GST: What you Need to Know as a Trader

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. As we gear up for the final move – to GST – it becomes important for all of…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Moving to GST: Can I Avail Input Credit on Closing Stock?

On the date of transitioning to GST, broadly there will be business who fall under any of the following categories: Businesses not liable to be registered under the current law, but are liable for registration under GST Business which are engaged in the manufacture or…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

312,317 total views, 109 views today

Moving to GST : For Registered Manufacturers

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…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

9,871 total views, 5 views today