Tally for GST

Is GST on Track? What we can Infer from the Budget Speech

Our Finance Minister, Mr. Arun Jaitley, in his Budget Speech, did not elaborately discuss the road map of GST. However, he did indicate that the passage of the Constitutional amendment bill for GST and progress of its implementation is a “Tectonic Policy Initiative”. Are you…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

31,037 total views, 7 views today

Supply of Goods and Services: What does it Mean?

Under the current indirect tax structure, the taxable event differs for each type of tax. The taxable events under the current indirect tax structure are captured below: Type of Tax Taxable Event Central Excise Removal of excisable goods VAT On sale of goods Service Tax…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

46,830 total views, 9 views today

How is the Value of Goods & Services Determined under GST?

The value of all the goods and services consumed in an economy is arrived at based on certain metrics. In the current tax regime in India, this value is calculated in different ways. An overview is provided in the table below: Tax Value of goods/services…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

83,198 total views, 48 views today

Demonetization and Business Accounting – How does it Tally?

On 8th Nov 2016, India’s Prime Minister announced demonetization of Rs 500 and Rs 1000 currency notes. This news came as a surprise to many of us! However, if you carefully think through the sequence of measures undertaken by the Government such as opening of bank accounts,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

54,459 total views, 46 views today

Moving to GST: Can I Avail Input Credit on Closing Stock?

On the date of transitioning to GST, broadly there will be business who fall under any of the following categories: Businesses not liable to be registered under the current law, but are liable for registration under GST Business which are engaged in the manufacture or…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

225,305 total views, 55 views today

Moving to GST : For Registered Manufacturers

Transition provisions in GST have undergone significant changes in the Revised Draft Model GST Law published on 26th November 2016. Click here to read the revised blog post. The first and foremost task for you, as a business registered under the current law, is transiting to…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

4,340 total views, 6 views today

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