GST Invoicing in Special Business Cases 

In the GST regime, broadly two types of invoices will be issued – Tax Invoice and Bill of Supply. Tax invoice is to be issued by a registered taxable person for the supply of taxable goods or services. The bill of supply is to be issued…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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What to Expect from GST and GST Ready Software?

There are just a few weeks remaining for you to get prepared for the roll out of GST, and out of the many questions you will be asking yourself, ‘what changes should I look for in my system, from my Tax Consultant, or in business…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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All you Need to Know about e-way Bill under GST

Updated on 2nd February, 2018 with latest information available on E-way Bill. Update: At the 26th GST Council meeting, it has been decided to implement he inter-state e-way bill from 1st April, 2018. For intra-state movement, the e-way bill will be rolled out in a…

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Get ready for GST with Tally.ERP 9 Release 6

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How to Determine the Place of Supply of ‘Specific’ Services

We have discussed about the general rules for determining the place of supply of services in our earlier blog. Let us now understand how to determine the place of supply in case of certain specific services. Are you GST ready yet? Get ready for GST…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Representations by Tally Solutions – Issues in GST Laws and Rules

With each passing day, GST is inching closer to becoming a reality. The law makers are giving final touches to the GST law. As part of the process, the government had made available a copy of the draft law in the public domain for feedback….

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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ISD: How to Distribute Input Tax Credit

In our previous blog Understanding Input Service Distributor (ISD) in GST, we discussed the role of an ISD in GST. In this blog, we will discuss the various conditions applicable for the distribution of credit and method of distribution of credit to different units (branches)….

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Understanding Input Service Distributor (ISD) in GST

It is quite common that businesses have a distributed system of manufacturing units or service rendering units across the nation. In simple words, businesses with Head Offices (HO) and Branch Offices (BO) which are spread across the nation – could be in the same state or…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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What is Union Territory GST (UTGST)?

In our previous blogs, we have discussed about the taxes that will be levied on supply under GST. On intrastate supplies, the taxes levied are Central GST (CGST) and State GST (SGST). On interstate supplies, the tax levied is IGST. Another component of GST is…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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How are Imports and Exports Treated in GST

Taxation laws have laid down the taxes applicable on import and export of goods and services. In the current tax regime, laws of Customs duty, Excise, Service Tax and VAT lay down the tax treatment of imports and exports. In the GST regime, Excise, Service…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Impact of GST on Working Capital for SMEs

Working capital is the lifeline of a business to carry out day-to-day operations. Managing working capital efficiently is a problem that plagues both small and large businesses. Inability to manage working capital may have adverse effects, including premature closure of businesses. Are you GST ready…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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