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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

71,150 total views, 50 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

156,036 total views, 60 views today

Want to Register under Composition Scheme in GST? Check your Eligibility

Businesses have to balance between managing their business and strive towards profitable venture. At the same time, caution and care is required towards compliance to various laws of the land. Over the past decade, with compliance in our country, though have taken the technology route,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

239,181 total views, 206 views today

Who are Casual and Non-resident Taxable Persons in GST?

Certain businesses operate in a manner that they occasionally undertake transactions in territories where they don’t have a fixed place of business. Under GST, a person who has a fixed place of business in a state and undertakes taxable outward transactions has to register, if…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

146,837 total views, 145 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

184,268 total views, 178 views today

How to Determine the Place of Supply of Transportation Services

Under Goods and Service Tax, ‘supply’ will be the single taxable event and the major transformation that will occur is ‘Destination based consumption tax’, where tax will accrue to the state in which the supply is consumed. The place of supply will determine the type…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

168,317 total views, 151 views today

How to Determine the Place of Supply of Telecommunication and Financial Services

Under GST, specific rules have been laid down for determining the place of supply of telecommunication services and financial services. Knowing how to determine the place of supply is very important to ensure that the correct tax is charged on a supply.  Let us understand…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

156,454 total views, 163 views today

GST Rates for Automobiles – The Good, the Bad and the Ugly

Ever since GST rates have been announced, potential buyers of passenger vehicles have been wondering – whether they stand to gain or lose, if they buy one in the GST era. In this blog, we will demystify, how the automobile sector fares, on the basis…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

150,372 total views, 111 views today

Quick Guide to GST Bill/ Invoice Numbering

Invoice matching is a unique and critical requirement of the GST regime. Therefore, we can understand that the businesses are worried about how to handle GST Bill Numbering under GST regime. Are you GST ready yet? Get ready for GST with Tally.ERP 9 Release 6…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

210,485 total views, 124 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

257,614 total views, 136 views today