Tag: gst supply

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

20,208 total views, 5 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

183,391 total views, 94 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

25,990 total views, 10 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

40,482 total views, 5 views today

How to Determine the Value of Supply when Consideration is not in Money

Valuation of goods and services is an important aspect which determines the amount of tax to be levied. If goods and services are undervalued, it leads to short-payment of tax, leading to non-compliance and resultant legal implications. Overvaluation will result in loss of revenue for…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

68,744 total views, 25 views today

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

40,276 total views, 1 views today

What is Time of Supply for Services on Reverse Charge

In our previous blog, we discussed Time of Supply for Services under the Forward Charge Mechanism. Under the reverse charge mechanism, the recipient or buyer of services has to pay tax to the credit of the government unlike forward charge, where the supplier has to pay…

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Get ready for GST with Tally.ERP 9 Release 6

39,561 total views, 15 views today

What is Time of Supply for Goods on Reverse Charge

In our previous blog post What is Time of Supply for Goods on Forward Charge we discussed time of supply for goods on Forward Charge. In this blog, we will discuss time of supply of goods on reverse charge. In order to ensure that the tax…

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Get ready for GST with Tally.ERP 9 Release 6

31,573 total views, 7 views today

What is Time of Supply for Services on Forward Charge

In our previous blog post What is Time of Supply for Goods on Forward Charge we discussed time of supply for goods. In this blog, we will discuss the Time of Supply on Forward Charge for 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

27,207 total views, 2 views today

What is Time of Supply for Goods on Forward Charge

Point of Taxation (POT) refers to the point in time when tax is required to be paid. This is a mechanism which is used to determine the point in time when the tax liability will arise. Under the current indirect tax regime, the point of…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

32,130 total views, 3 views today