All posts in "Uncategorized"

When do you have to Pay Tax on Reverse Charge Basis?

last month

Reverse charge is a concept we were familiar with, in the previous tax regime. To put it simply, under reverse charge, the liability to pay tax on a transaction to the Government is to the recipient. Under Service Tax, it was applicable in the case of specific notified services. Under VAT, in almost every state, […]


5 Ways Tally ERP 9 Software Can Deliver ROI (Return on Investment)

a few months ago

If there is one system that most of the companies implement nowadays, it is the ERP.  Enterprise Resource Planning is a system that automates core business functions such as inventory and order management, accounting, human resources, customer relationship management, manufacturing, and others. These various functions are integrated into a one system which improves company’s efficiency […]


Understanding Mixed And Composite Supply In GST

7 months ago

If you look at the market today, you will notice very often, two or more goods, or a combination of goods and services, are supplied together. This could be due to either of the following reasons: A sales strategy – to attract more customers The nature or type of goods or services, which requires them […]


Supply of Goods and Services

7 months ago

Supply of Goods and Services: What does it Mean?   Under the current indirect tax structure, the taxable event differs for each type of tax. The taxable events under the current indirect tax structure are captured below:   Supply is going to be altogether a new concept in the indirect taxation, far away from manufacture […]


GST rollout uncertainty hits Budget 2017 calculations

8 months ago

GST rollout uncertainty hits Budget 2017 calculations NEW DELHI: Uncertainty over the date of the goods and sevices tax (GST) rollout is posing a dilemma for finance mandarins as they finalise this year’s budget. The original expectation was that the budget would not touch upon excise duties and service tax as they would be rolled […]


PAN must for excise,service taxpayers for GST registration

8 months ago

PAN must for excise, service taxpayers for GST registration – NEW DELHI: The tax department has made it mandatory for central excise duty and service taxpayers to obtain a valid PAN number before they can be migrated to the new goods and services tax  set-up. Despite the political impasse putting a question mark on the […]


Owner Dashboard Tally

8 months ago

What is Owner Dashboard Tally Owner Dashboard Tally is a one-stop solution to view the summary of all Reports of Tally at once.  Whatever the data you want to view regarding particular company you can view or review it at once. Details like Cash & Bank, Outstanding, Cash’s Flow, Sales & Purchase, Stock, Capital & […]

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