Category: Opinions

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Buyer ITC based on Seller’s Compliance – Fair Deal?

SME businesses operate on a very low margin with limited working capital. Major portion of their procurement will have GST component. Uncertainty of the input tax credit would impact them most. They should get the eligible credit on all genuine transactions (once suppliers upload and…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

30,456 total views, 60 views today

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Automation: Why it can be a game changer for SMEs?

This article, where our Chief Technology Officer Mr. Vikash K Agarwal has talked about his views on automation, was originally published in The Economic Times on 28th March, 2019. Authors – Vikash K Agarwal & Pramit Pratim Ghosh Since the turn of the new millennium,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

38,568 total views, 59 views today

One Year of GST: the Workings of the Technology-First Tax System

I am writing as one of the people who have been in the ‘middle’ of this enormous tax reform – since we provide software solutions to businesses who need to comply with GST. This has given us a view on both sides of the bridge…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

121,481 total views, no views today

GST Composition Scheme Changes – For better or for worse?

Ever since GST was launched on 1st July, the implementation of the law has undergone a multitude of changes. On various fronts, the government has softened its stand and has brought in significant changes to the original law – for instance, GST composition scheme changes,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

25,879 total views, 2 views today

How GST will Reduce Tax Evasion

It has been 4 months since GST has been introduced in India. Since its introduction on the 1st of July 2017, GST has subsumed various taxes like Service Tax, VAT, and Excise Duty etc. This has not only helped in simplifying the taxation system in…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

16,707 total views, 2 views today

Watchout: Payment Patterns may Change after GST

With GST one of the biggest change in habit would be that accounts need to be maintained regularly on a daily basis and the pressure on compliance would then become much lesser because then it becomes a normal activity. If the accounts are not being…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

31,784 total views, 1 views today

Beware! After GST, Choosing a Wrong Vendor can Kill your Business

With GST, there has been a fundamental shift in how your books are maintained. Till now in the entire tax regime, the only version of the truth was how you maintained your books. All your filings flowed from that. Are you GST ready yet? Get…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

90,254 total views, 11 views today

Representations by Tally Solutions – Issues in GST Laws and Rules

With each passing day, GST is inching closer to becoming a reality. The law makers are giving final touches to the GST law. As part of the process, the government had made available a copy of the draft law in the public domain for feedback….

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

62,769 total views, no views today

The Sin of Being Small: How GST Law will Affect you

Arguably the biggest indirect tax transformation will be upon us in a few weeks from now. The law makers are deliberating on the specific clauses and contours of it – so that the appropriate legislations can be passed. Are you GST ready yet? Get ready…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

50,420 total views, no views today

Why is Technology the Epicentre of GST Implementation

Technology-assisted compliance is not an entirely new concept in India.  Way back in the 1990s, taxation departments used technology for tax administration. However, this was mainly as a backend mechanism. A major shift in behaviour occurred when online filing of returns was introduced. This was…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

36,961 total views, 1 views today