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Real Estate – FAQs and Clarifications (Part 2)

We hope you read the 1st part of our blog on FAQs and clarifications about Real Estate. Presenting the 2nd part of the blog, containing a few more questions for your immediate reference. If value of purchases as prescribed above from registered supplier is less…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

32,661 total views, 135 views today

Reversal of GST Input Tax Credit (ITC)

GST, a comprehensive indirect tax system introduced on 1st July, 2017, is a transaction-based, technology-driven tax system. Under GST, compliance becomes a key factor for the success and credibility of businesses. GST compliance works on the concept of Self-Monitoring mechanism, under which the input tax…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

108,593 total views, 199 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

115,562 total views, 425 views today

A Guide to Start GST Invoicing from 30th June Midnight

Introduction “At the stroke of the midnight hour, when the world sleeps, India will awake to life and freedom.” These words of our first Prime Minister Pt. Jawaharlal Nehru, spoken at the midnight of 14th August, 1947 – as India prepared itself to welcome independence…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

172,975 total views, 376 views today

GST Migration – Goods Sent for Job Work

For manufacturers, an important concern is the tax treatment of goods sent for job work in the current tax regime which are being held by the job worker as on 1st July, 2017 – the date of transition to Goods & Service Tax. Two questions…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

71,950 total views, 348 views today

Impact of GST on Manufacturers : Part 2

In our last blog on this topic, we discussed about some of the positive impacts of GST on the manufacturers across our country. While the core benefits do stand out in terms of ease of doing business, and decreased costs on several fronts, there are…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

42,277 total views, 312 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

246,661 total views, 426 views today

Impact of GST on Suppliers on e-commerce Platforms

India’s e-commerce sector is expected to cross revenue of Rs.12,000 crores in 2020, according to a joint Assocham-Forrester study. It is also expected that the sector will grow at an annual rate of 51%, the highest in the world. The Indian Government’s recent move of…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

57,296 total views, 306 views today

GST Rates – A Ready Reckoner

On the 18th of May, 2017, the GST council convened to fix and finalise the much awaited GST rates for 1211 goods across 98 categories. The very next day, the council re-convened to finalise the GST rates for 36 categories for services. To begin with,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

284,783 total views, 352 views today

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

193,007 total views, 512 views today