Skip to content
GST (Goods and services tax) – India – Tally Solutions Filing GST ITC-04 in GST Portal Recently, the Government issued a notification extending the date for filing of GST ITC-04 for the quarter July-September ’17 to 31st December ’17. In this blog, let us understand GST ITC-04 and… The post Filing GST ITC-04 in GST Portal appeared first on GST (Goods and services tax) – India – Tally Solutions.
GST (Goods and services tax) – India – Tally Solutions E-Commerce Sellers – How GST Matters E-commerce has greatly impacted the aspect of customer outreach, like never before. Irrespective of geographical locations, buyer and seller are bonding online, and given the unprecedented success sellers are finding online, the… The post E-Commerce Sellers – How GST Matters appeared first on GST (Goods and services tax) – India – Tally Solutions.
Introduction In our previous blogs, you would have read about why it’s time to buy a computer for your small business, where we discussed why it is important for every business – big or small – to automate their operations, given the massive digitization taking place all around. Given the obvious benefits, not only from a business view point but also from a compliance angle, business owners across India will look to computerize their business operations in the days to come. However, there is one key aspect which business owners have been typically neglecting over the years, which needs to be computerized just like the rest of the business. Yes, we are talking about the language of business – […]
In our previous blog, we discussed about what is GSTR-2 and the relevance of GSTR-2A with GSTR-2. We also understood, that auto-populated details of inward supplies from GSTR-2A will be available in GSTR-2. Though the details are auto populated, you are required to prepare the return before submitting it. The preparation here refers to reconciliation of inward supplies available in GSTR-2A with the books of accounts, determining the additions, modifications and rejections which are required before submitting GSTR-2. In order to help the businesses to prepare the GSTR-2 return, the GST portal allows the following actions to be performed on the auto-populated details available in GSTR-2. Accept Add Modify Reject Pending Let us discuss each of the above actions on […]
The 21st GST Council meeting held at Hyderabad on 9th September 2017, discussed some of the crucial issues such as difficulties faced by the businesses in filing the return, increase on Cess on cars, proposals received from various trade associations to lower the rate of GST on certain products and so on. To facilitate the businesses in meeting the compliance standards, the following are key changes recommended by the GST Council Meeting. GST return due dates are extended In view of the difficulties faced by the businesses in filing returns in the GST Portal, the extension of the due date to file the return was one of most anticipated outcomes of the GST council. Understanding the plight of the businesses in […]
The deadline for filing the first GST return, the Form GSTR-3B ended last month on dates August, 25 and August, 28, 2017. Yet, there are many businesses which are still in the process of filing Form GSTR-3B. This being the first GST return and understating the plight of the businesses, the committee has decided to waive the late fee for all the businesses who could not file GSTR-3B for the month of July 2017. However, for late payment, an interest at maximum of 18% will be levied. Form GSTR-3B is the first return, some mistakes or errors are expected in its filing process. Few examples are listed below. “I missed out on adding some outward supplies before arriving at my […]
Most of you would have received your 15 digit provisional ID or GSTIN (Goods and Services Tax Identification Number). Under GST, knowing your GSTIN format like the back of your hand is important. It will help you to ensure that your suppliers have quoted your GSTIN correctly in invoices to you, as your input credit is dependent on this. It will also help you to mention your GSTIN correctly in invoices to your customers, as their input credit is dependent on this. This is a guide to the GSTIN format, which will make it easier for you to remember it. Explanation 1st 2 digits: This is the state code as per the Indian Census, 2011, as given below: State code […]
In the current tax regime, the provision of a taxable service is subject to service tax. Service tax is levied by the Central government and is applicable irrespective of whether the provision of service is interstate or intrastate. However, under GST, the place of supply of service will determine the type of tax applicable on the service. This is based on the concept of GST being a ‘destination based consumption tax’, where tax will accrue to the State where the supply is consumed. Hence, it is important to determine the place of supply of services. The rules for determining the place of supply of services are different from the rules for determining the place of supply of goods. In case […]
Convergence is the key to GST; convergence between states and central taxes. Consider what happens today. A manufacturer who is compliant under Central Excise, Service Tax, and VAT has to file returns as specified by each of the states. The manufacturer has to deal with returns, annexures, and registers for Excise, Service tax and VAT with monthly, quarterly, half-yearly and yearly periodicity. With GST in place, it does not matter whether you are a trader, manufacturer or a reseller, you only need to file GST returns. Wow! This sounds good. Let us understand different types of return forms in GST. Under GST, there are 8 forms for filing of returns by tax payers. All these forms are required to be […]
In our previous posts, we discussed how you can transition to a GST Registered Dealer and how to apply for a new GST registration Let us now understand how to: Amend your registration details Apply for cancellation of registration Revoke your registration if it is cancelled Amending Your Registration Details Any change in details furnished at the time of registration must be submitted within 15 days from the date of such changes in Form GST REG-11. Specific changes in Form GST REG-11 relating to the name of the business, partner details, managing committee, and so on, require approval from an officer. After verification, an approval order by the officer is sent in Form GST REG-12 to amend the details. Changes in […]
We’ve designed our PowerPacks to be self-serve and easy to install and use. We also provide you with a user manual and feature list with screenshots to get you started. But if you still have questions, drop us an email at [email protected] and we’ll help you out! If you need more hands-on support, just give us a call or drop an email.
Request A Demo
Request A Demo
Request A Call Back
AMC Basic
Tally AMC Plus
Tally AMC Premium
Apply Now