Tag: GST Compliance

Freedom From Fear – Avoid GST Mismatches and Notices

Over the past few months, several businesses across the nation have been plagued with GST notices from the government. If reports are to be believed, there has been a nearly 34% of GST mismatch or underpayment of GST, amounting to an overwhelming deficit of INR…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

44,271 total views, 415 views today

Why Supplier Evaluation is Critical for your Business under GST

In the erstwhile regime, the value of input credit availed by you did not depend on the remittance of tax liability by the supplier. As a result, the compliance of vendor was not an influencing factor in vendor evaluation. Largely, it was all about the…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

16,330 total views, 116 views today

Watchout: Payment Patterns may Change after GST

With GST one of the biggest change in habit would be that accounts need to be maintained regularly on a daily basis and the pressure on compliance would then become much lesser because then it becomes a normal activity. If the accounts are not being…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

26,849 total views, 46 views today

Beware! After GST, Choosing a Wrong Vendor can Kill your Business

With GST, there has been a fundamental shift in how your books are maintained. Till now in the entire tax regime, the only version of the truth was how you maintained your books. All your filings flowed from that. Are you GST ready yet? Get…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

53,416 total views, 491 views today

How to Define GST Rates and HSN/SAC Codes in Tally.ERP 9

With the introduction of the GST Act, if your business needs HSN/SAC codes and tax rates, you can set these details easily using our GST-ready software, Tally.ERP 9 Release 6. With this, you have the flexibility to configure GST rates and HSN/SAC codes at any…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

121,303 total views, 519 views today

Impact of GST on Traders

On October 14th, 2016 the Confederation of All India Traders (CAIT) signed an MOU with Tally Solutions in order to train their member businesses – roughly 6 lakh traders all over the country, on the subject of GST. While the focus is largely to enable…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

129,153 total views, 1,742 views today

5 Things for Businesses to Know as you Welcome GST

GST is here. While the entire country gears up to welcome the biggest economic and tax reform since Independence, here is a checklist for you – so that you easily transition into GST. 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

34,669 total views, 328 views today

Tally’s GST-Ready Software Release Plan

With just a few weeks left for the roll out of GST, one of the burning questions on your mind as a Tally user is probably, “How will Tally support my business to become GST Ready?” With this blog post, you will understand Tally’s GST…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

181,880 total views, 656 views today

Life of Chartered Accountants under GST

If one looks at GST, it does seems like a boon for consumers – with the promise of lower prices; for businesses – with the promise of a simplified indirect tax regime; and for the Indian Government – with the promise of higher tax revenues….

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

41,033 total views, 48 views today

Assessment of Tax Liability in GST

Assessment of tax means determination of the tax liability of a person. The tax liability of a person is the amount of tax to be paid by a person during a tax period. The types of assessment of tax under GST remain similar to those…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

59,089 total views, 41 views today