Comparison between GST RETS 01, RET 02, RET 03. Which RET form Needs to be Opted Now for GST filing -Normal, Sahaj and Sugam
According to the latest decision, the proposed Goods and Service Tax (GST) Returns forms will be implemented from the next financial year- 2020- 21 onward. The GST Registrants have three options to select now – Normal, Sahaj and Sugam. The overall...
GST Annexure – 1 – What does it Contain? Process to Complete Filing GST Annexure – I by Compiling GST Invoices on Regular Basis
The new Goods and Service Tax (GST) Return is being tested in the market with the help of Return Offline Beta Tool. This tool facilitates taxpayers to prepare Form GST ANX-1 and Form GST ANX-2. The tool has option to upload data and generate JSON file...
Predicting Business Success through Talent Analytics
Predicting Business Success Making a prediction is an opportunity to look at the undesirable or unintended consequences of a trend before it becomes part of the new normal. The game of forecasting isn’t just about being right. A contentious prediction...
E-Way Bill System – Purpose and the Mode of Obtaining E-Way Bill
E-way bill is an electronic document generated on the GST portal evidencing the movement of goods. Electronic GST invoicing has two components. Part A comprises of details of GSTIN of the recipient, place of delivery (PIN Code), invoice or challan numbe...
Imports in GST Regime in India – Import of Goods and Services in GST – Main Points to be considered while Importing Goods and Services
All supply of goods, or services, which are imported into India as part of inter-State trade or commerce will be considered as Import. Such transaction or import is considered as deemed inter-State supplies, and hence the IGST will be applicable per GST...
What are the Different Types of Invoices? Importance of Invoicing in an Enterprise
Generally, the invoicing process is an important activity in an enterprise. It needs to be more structured, reliable, and effective since it is the mode of asking customers to make payments and bring cash to the company. Any business selling goods or ...
Digitization, e-Invoicing, and Currency Circulation – Mode of e-invoicing and Usage of Invoice Software
Generally, there is a belief that COVID -19 had significant impact of in currency circulation. The Covid put greater thrust on digitization and dependence on contactless transactions. Also, there was tremendous growth in the usage of UPI, IMPS mode in...
Export of Services and Invoice Format – Overview of Export of Services
The Goods and Services Tax (GST) literature provides detailed guidelines about the content of an invoice in its various notes. The ‘Export Invoice’ related to Service is also a document containing a description of the services provided by an exporte...
Credit and Debit Note under GST – Smart Admin Helps in Compiling GSTR 3B and GSTR-1 by Click of a Button with Data from Invoice, Cr Note and Dr Note
Everyday business involves numerous transactions in relation to selling goods and providing services. It is mandatory for a GST-registered supplier to issue a tax invoice. There are situations where the supplier commits error while filing the tax invo...
Timesheet and Implementation – Change Management Strategy the First Step in Timesheet Adoption
The digitization of workforce management has emerged as a strategic necessity for Indian organizations, on account of the need for regulatory compliance and the pursuit of operational efficiency. The Government of India has shown its commitment to digitiz...