How to File Form GSTR-3B

This blog post is updated with the GST Council’s decision to extend the return due dates The 17th GST Council meeting held on 18th June, 2017, provided a much needed relief to the businesses across the nation. Listening to the concerns raised by the various…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

319,446 total views, 124 views today

How to Carry Forward Closing Balance of ITC from Earlier Regime to GST?

GST , a comprehensive indirect tax system, was introduced on 1st July, 2017. The businesses are in the transition phase, and doing everything possible to get equipped with new taxation reform. Among the various aspects, migrating of input tax credit (ITC) is an important one….

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

61,955 total views, 56 views today

How to Manage Reverse Charge Transactions in Tally.ERP 9

In this blog we are addressing reverse charge for two specific scenarios and how they are handled in GST Software by Tally – Tally.ERP 9 Release 6 Services under reverse charge Advance payment to unregistered dealer Are you GST ready yet? Get ready for GST with…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

83,794 total views, 63 views today

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

101,363 total views, 120 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

57,867 total views, 79 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

106,934 total views, 77 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

63,567 total views, 61 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

81,678 total views, 14 views today

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