All posts in "GST"
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Tax Consultants: Do you Still have Clients who do Manual Billing?

5 days ago

Note: This blog post is meant for tax practitioners and tax consultants. Even business owners will find this post interesting. Many businesses in India have been used to recording bills in a manual way. This continues to this date even though the country has moved on to the digital era. Considering the fact that the […]

14 Shares

What is UIN?

a couple of months ago

After the implementation of GST, you would have come across the term UIN being mentioned along with GSTIN. In Form GSTR-1 also, you would have noticed that details of supplies to UIN holders needs to be provided.  In this blog, let us understand what is UIN and to whom it is applicable. UIN (Unique Identity […]

6 Shares

8 Reasons to Shift from Manual Accounting to Computerized Accounting

a few months ago

Introduction 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 – accounting. Just like how language is the backbone of communication, accounting is the backbone of the business. […]

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5 Steps to Make GST Returns Filing Easier

a few months ago

Introduction The GST regime is very different from the previous indirect tax regime, in more ways than one. However, the biggest difference is in the nature of compliance, which has undergone a major change. In the previous regime, it was not mandatory for a buyer or supplier to reconcile their invoices before filing onto the […]

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The Best Way to File GSTR1 Returns

a few months ago

Introduction The GST filing period has begun! “How do I and my tax consultant file GST returns for my business?” – is the one question that is likely to linger on top in your head, among others. This blog suggests the best method for filing returns accurately. Let us begin by making a note of […]

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Actions for submitting GSTR-2

a few months ago

In our previous blog, we discussed 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 a reconciliation of […]

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What is GSTR-2 and GSTR-2A

a few months ago

The extension of due dates to file GSTR-1, GSTR-2 and GSTR-3 of July 2017 is a welcome move, as it provides an additional time for businesses to prepare the accurate returns for better compliance. Now, the businesses are required to file GSTR-1 by 10th October 2017, GSTR-2 by 31st October 2017 and GSTR-3 by 10th […]

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Recommendations Made by the GST Council

a few months ago

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 […]

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How to Correct GSTR-3B?

a few months ago

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 […]

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Challenges with Manual Billing and Ways to Overcome it

a few months ago

Do you still record your bills manually in the GST era? Two months have passed since GST was rolled out across India. As a business owner, you might be used to managing all your billing and business transactions manually in books? Subsequently, you might also be sharing the manual records with your tax consultant for […]

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