Tally for GST

GST Impact on Gold Jewellery

Introduction India’s centuries-old gold industry is the world’s biggest market for the metal, with imports meeting almost all the country’s requirements for jewellery and investment. Imports are high not only because of a huge demand, but also because of the large population of about 1.2…

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Get ready for GST with Tally.ERP 9 Release 6

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Cigarettes & Tobacco Products under GST

Introduction Ever since the beginning of taxation, governments have tried to levy ever increasing taxes on cigarettes and tobacco products, out of the need to curb their usage. Considering the previous regimes, excise duties on cigarettes was increased by 22% in 2012-13, 18% in 2013-14…

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Get ready for GST with Tally.ERP 9 Release 6

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Concept of Pure Agent under GST

A pure agent is a registered taxable person who liaises between other suppliers on behalf of his client. Under this concept, while providing services to the client, he also undertakes to receive other ancillary services from other service providers, and incurs expenditure on behalf of…

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Get ready for GST with Tally.ERP 9 Release 6

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Impact of GST on Restaurants

Restaurant industry The Indian Restaurant industry today, is worth a staggering INR 247,680 crores and is developing at a yearly rate of 11% – estimated to hit INR 408,040 crores by 2018. As per the National Restaurant Association of India’s 2013 India Food Service Report,…

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Get ready for GST with Tally.ERP 9 Release 6

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Gifts to Employees under GST

It is a common business practice to give gifts to employees, especially on the occasion of festivals like Diwali, New Year, etc. In addition, companies provide various perquisites to employees, such as housing, laptops, conveyance, health insurance, etc. In the previous indirect tax regime, these…

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Get ready for GST with Tally.ERP 9 Release 6

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Goods Transport Agency under GST and the Rates Applicable

This article has been updated as per the GST Council’s decision to exempt transportation service provided by a GTA to unregistered persons. Transport of goods by road is the most commonly used mode of transportation for businesses which supply goods. This transportation by road is…

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Get ready for GST with Tally.ERP 9 Release 6

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