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Why is Technology the Epicentre of GST Implementation

Technology-assisted compliance is not an entirely new concept in India.  Way back in the 1990s, taxation departments used technology for tax administration. However, this was mainly as a backend mechanism. A major shift in behaviour occurred when online filing of returns was introduced. This was…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

83,982 total views, 410 views today

Budget 2017- Pro Micro, Small and Medium Enterprises (MSME)

In light of the recent shock of demonetisation, the Indian government’s push to move India into a more digital, a more compliant, and subsequently a more vibrant economy was clear from the budget. With MSMEs being hit the hardest with demonetisation – the budget announced…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

80,660 total views, 403 views today

How to Determine Supply of Goods vs Supply of Services in GST

Schedule-II of the model GST law provides clarity on determining the type of supply as supply of goods or supply of services. This aims at eliminating the dilemma that exists in the current indirect tax system, for example, Service Tax Vs. VAT on works contract,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

111,501 total views, 441 views today

Supply of Goods or Services between Related and Distinct Persons

In our earlier blog GST Impact on Supply without Consideration and Importation of Services, we discussed about supply without consideration and the import of service. This blog discusses, in detail, supplies without consideration between: • Related person • Distinct person Are you GST ready yet?…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

76,649 total views, 421 views today

Who is a GST Practitioner?

In the current indirect tax regime, there are accounting and tax professionals who are authorized to file returns on behalf of taxable persons. Currently, this role is performed by Chartered Accountants (CAs), Sales Tax Practitioners (STPs) and advocates. The Draft Model GST Law seeks to…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

188,904 total views, 454 views today

GST Impact on Supply without Consideration & Importation of Services

In our earlier blog Supply of Goods and Services: What does it Mean we discussed about supply with consideration which is mostly about business operational activities like sales, transfers, and so on. In this blog post, we will discuss exceptional scenarios, which form a part of…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

87,341 total views, 409 views today