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

61,159 total views, 78 views today

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…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

80,716 total views, 166 views today

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

180,878 total views, 139 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

64,485 total views, 64 views today

How to Make Changes in your GST Registration

Once you have either migrated from your existing registration to GST registration, or applied for a new registration, you may feel the need to either amend some details, or cancel your registration altogether. Are you GST ready yet? Get ready for GST with Tally.ERP 9…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

73,150 total views, 168 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

62,430 total views, 77 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

420,410 total views, 569 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

89,892 total views, 104 views today

Please provide feedback on your experience with Tally Blog website