Tally for GST

Reversal of GST Input Tax Credit (ITC)

GST, a comprehensive indirect tax system introduced on 1st July, 2017, is a transaction-based, technology-driven tax system. Under GST, compliance becomes a key factor for the success and credibility of businesses. GST compliance works on the concept of Self-Monitoring mechanism, under which the input tax…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

84,203 total views, 57 views today

GST Rates for White Goods

As the nation prepared to embrace GST last month, it had almost seemed as if Diwali had arrived early. With attractive discounts being shelled out by home appliance stores across the country, household consumers did make the most of the opportunity. However, the happiness was…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

19,520 total views, 5 views today

When do you have to Pay Tax on Reverse Charge Basis?

This article has been updated as per the GST Council’s decision to suspend reverse charge mechanism on purchase of goods or services from unregistered dealers. Reverse charge is a concept we were familiar with, in the previous tax regime. To put it simply, under reverse…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

51,287 total views, 40 views today

Want to Register under Composition Scheme in GST? Check your Eligibility

Businesses have to balance between managing their business and strive towards profitable venture. At the same time, caution and care is required towards compliance to various laws of the land. Over the past decade, with compliance in our country, though have taken the technology route,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

90,695 total views, 75 views today

Who are Casual and Non-resident Taxable Persons in GST?

Certain businesses operate in a manner that they occasionally undertake transactions in territories where they don’t have a fixed place of business. Under GST, a person who has a fixed place of business in a state and undertakes taxable outward transactions has to register, if…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

55,045 total views, 57 views today

How to Determine the Place of Supply of Transportation Services

Under Goods and Service Tax, ‘supply’ will be the single taxable event and the major transformation that will occur is ‘Destination based consumption tax’, where tax will accrue to the state in which the supply is consumed. The place of supply will determine the type…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

72,737 total views, 48 views today

How to Determine the Place of Supply of Telecommunication and Financial Services

Under GST, specific rules have been laid down for determining the place of supply of telecommunication services and financial services. Knowing how to determine the place of supply is very important to ensure that the correct tax is charged on a supply.  Let us understand…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

59,625 total views, 50 views today

How to Get a New GST Registration?

For businesses who are already registered under the previous taxation laws, the immediate actionable is to obtain a provisional GST registration; assess whether they are still liable to mandatorily register under GST – and accordingly, either migrate to GST registration or exercise the option to cancel…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

104,508 total views, 83 views today

Reverse Charge: Managing Purchases from Unregistered Dealers (URD) in Tally.ERP 9 Release 6

We have entered the GST era, and there are many aspects of the law that we need to learn and understand. One such aspect of GST is the ‘Reverse Charge’ and handling it in GST Software. Are you GST ready yet? Get ready for GST…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

112,503 total views, 22 views today

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