Tag: input tax credit

Last Chance to claim Unclaimed ITC – GSTR-3B

The GSTR-3B of September, 2018 is little different compared to the GSTR-3B which you had filed all these days. The difference here is not about the format rather it is about compliance activities, effort and time involved in filing GSTR-3B of September, 2018. Yes, you…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

55,778 total views, 4 views today

How to Manage Unutilised Input Tax Credit Resulting from Rate Changes?

In our previous blogs, we have gone through the plethora of GST rate changes which have been introduced by the GST Council for various goods as well as services. The reduction of rates is indeed a welcome move for consumers, and at first look, it…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

17,560 total views, 3 views today

Works Contract under GST

What is works contract? Works contract, by definition, is an agreement to carry out for cash, deferred payment, or other valuable consideration – building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property. Typically, it…

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Get ready for GST with Tally.ERP 9 Release 6

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How to Claim Input Tax Credit on Business Expenses

The input tax credit provisions under GST are framed with a border perspective to allow the tax credit on all the inward supplies. Now, businesses can claim input tax credit on all the inputs or input services which are “used or intended to be used…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

106,776 total views, 39 views today

Your Checklist for Claiming Input Tax Credit (Downloadable)

Input tax credit is a critical component of compliance under GST. While input tax credit is available on all inputs used in the course of business or for furtherance of business, certain conditions have been laid down for claiming the input credit. Also, input tax…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

123,961 total views, 88 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

100,871 total views, 67 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

242,163 total views, 61 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

31,150 total views, 14 views today

The Sin of Being Small: How GST Law will Affect you

Arguably the biggest indirect tax transformation will be upon us in a few weeks from now. The law makers are deliberating on the specific clauses and contours of it – so that the appropriate legislations can be passed. Are you GST ready yet? Get ready…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

54,524 total views, 9 views today