How to Manage Advance Paid for Supplies Attracting Tax on Reverse Charge

We have discussed the scenarios in which reverse charge is applicable in our previous blog . In these scenarios, when recipients make advance payment for supplies on which they are liable to pay tax on reverse charge, they will also have to pay tax on…

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Get ready for GST with Tally.ERP 9 Release 6

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Your Checklist for Claiming Input Tax Credit (Downloadable)

Input tax credit is a critical component of compliance under GST. While input tax credit is available on all inputs used in the course of business or for furtherance of business, certain conditions have been laid down for claiming the input credit. Also, input tax…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

143,800 total views, 58 views today

Handling Reverse Charge Scenario of Import Supplies in Tally.ERP 9

In this blog, we will discuss how to handle import of services and import of goods, in GST-ready Tally.ERP 9 Release 6. Topics covered What does the GST law say? Import of services under GST How to handle import of services in GST software? Import…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

42,759 total views, 12 views today

Watch who you Buy from – 3 Types of Suppliers

In the GST era, a business will broadly be classified under two brackets – registered and unregistered. Within the registered bracket, there will be two possibilities – either the business may be a regular dealer, or under composition scheme. Assuming that you are a regular…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

39,224 total views, 19 views today

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

333,469 total views, 88 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

64,893 total views, 28 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

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