Tag: GST

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4 Upcoming E-way Bill Changes You Should Know About

A few days back, the GST Council deliberated on some much-needed changes in the GST e-way bill. In this blog, we will present to you these 4 upcoming e way bill changes, which you should definitely know in order to have a seamless e-way bill…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

39,440 total views, 67 views today

Annual Return Changes – 5 Things You Should Know

In the 31 GST council meeting held on 22nd December,2018, several policy changes were made to ease the compliance responsibility of registered businesses. Among the several recommendations, one area which was most welcomed was the annual return changes in Form GSTR-9, for which the original…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

101,273 total views, 65 views today

GST Refund Process for Excess Payment of Tax

The GSTN has given the facility to claim the refund for excess GST paid. The entire GST refund process can be done online. Let us understand the manner in which a registered tax payer can claim GST refund on excess tax paid. GST Refund Process…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

100,758 total views, 60 views today

One Year of GST: the Workings of the Technology-First Tax System

I am writing as one of the people who have been in the ‘middle’ of this enormous tax reform – since we provide software solutions to businesses who need to comply with GST. This has given us a view on both sides of the bridge…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

121,481 total views, no views today

How GST will Reduce Tax Evasion

It has been 4 months since GST has been introduced in India. Since its introduction on the 1st of July 2017, GST has subsumed various taxes like Service Tax, VAT, and Excise Duty etc. This has not only helped in simplifying the taxation system in…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

16,707 total views, 2 views today

Who is Not Required to Register under GST

In our earlier blogs on registration under GST, we have learnt that persons whose turnover exceeds Rs. 10 Lakhs (in special category States) and Rs. 20 Lakhs (in rest of India) have to register under GST. However, certain persons are not liable to register under…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

43,946 total views, 5 views today

How to File GST TRAN-1 : Part 2

In our earlier blog How to File Form GST TRAN-1: Part I, we discussed about filing GST TRAN-1 with details of CENVAT and input VAT credit carried forward.  In this blog, we will discuss about how to file Form GST TRAN-1 for claiming transitional ITC on Capital…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

64,803 total views, 16 views today

What is Form GST TRAN-1 and when to File it

Businesses having carry over Cenvat credit and Input VAT credit are allowed to carry forward the eligible Cenvat/Input Credit (ITC) from earlier regime to GST. The Cenvat credit including Service Tax will be carried forward as CGST Input Tax credit and VAT including entry tax…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

143,117 total views, 21 views today

Persons who Need to Register under GST Irrespective of Their Turnover

This post has been updated as per the GST Council’s decision to exempt interstate service suppliers from mandatory registration. Under GST, certain persons have to compulsorily register, irrespective of their turnover. This means that such persons should register even if their turnover does not cross…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

57,424 total views, 2 views today

GST Return Filing Guide for Tax Consultants

This guide is written for GST Tax Consultants (GST Tax Practitioners). If you are a business owner, you might still find it interesting to read further and forward this to your tax consultant. Topics Covered Introduction Details Required at invoice level Types of clients What are…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

99,304 total views, 5 views today