GST Return Filing Guide for Tax Consultants

This guide is written for GST Tax Consultants (GST Tax Practitioners). If you are a business owner, you might still find it interesting to read further and forward this to your tax consultant. Topics Covered Introduction Details Required at invoice level Types of clients What are…

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Get ready for GST with Tally.ERP 9 Release 6

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Guide to File GSTR-1

This blog post is updated with the GST Council’s decision to extend the return due dates With the filing of GSTR-3B right around the corner on 20th August, 2017, businesses are in full swing gearing up to meet the deadline. Having said in our earlier…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Works Contract under GST

What is works contract? Works contract, by definition, is an agreement to carry out for cash, deferred payment, or other valuable consideration – building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property. Typically, it…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Did You Know Advance Received is Taxable under GST?

This article has been updated with the GST Council’s decision that suppliers of goods need not pay tax on advance received with effect from 15th November, ’17. Receiving advance for an order is a common business occurrence. Suppliers usually ask customers to pay advance for…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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GST on Free Samples, Supplies and Buy One Get One Free Offers

Festival season is around the corner, sales promotional offers will be a common sight in the market place. More often, promotional schemes are used as effective sales strategy to attract the customer to buy their product.  Among the various promotional offers, Buy One-Get One Free,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Taxes Eligible for ITC on Opening Stock of 1st July

GST, a comprehensive indirect tax system introduced on 1st July, 2017, has subsumed a host of Central and State levied taxes and has transformed the entire nation as ‘One Nation –One Tax –One Market’. The convergence of taxes into a single indirect tax system is…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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