GST is a kind of indirect tax, its full form is Goods and Service Tax.This bill was passed in India on July 1, 2017, so that any goods or services will be taxed only.Because before this all were taxed separately and more.Whose amount was too much. And now due to […]
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CONCEPT OF GST
In this way, we can expand this in our Language. Before coming to GST India, we used to have total 14 types of tax due to which different tax was paid on each place. Every state used to keep its own tax rate that if any sale or purchase of […]
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GENESIS OF GST IN INDIA
THE genesis of ideas in India was the Gelcoat task force in 2004 who recommended the fully integrated GST idea in India on a national basis. Central budget (2007-2008):-those inseminates and the government and its central budget are wise just due to being implemented. In India with the effort from […]
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INTRODUCTION TO GST IN INDIA
(A)GST IN INDIA AN INTRODUCTION *background of taxes:-if you take any country it is actually the responsibility of the government to fulfill the increasing devolvement needs of its people and how the government can fulfill them by getting all public expenditure.If you take in India:-India is still a developing economy […]
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Short cut key in Quickbooks
This is the Short key to use my QuickBooks operation method properly. We use This short cut key and open my quick books system very easily first:- (CTRL + ALT + I ) This key i will open our invoice section very easily 2nd:-(CTRL + ALT + X ) This […]
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ADJUSTING ENTRIES AND REVERSING
We will have to adjust entries for a loan payable just in entries related to accrued interest. we will have gesine entries related to an invoice and account receivable that needs to be adjusted to the current time period. We will have the account receivable reversing entry having to reverse […]
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Top 10 Software for GST, Tax, and accounting in India
MARG GST:-This is one of the best GST software you can use for your business at an affordable price. Besides, the user interface of the software is convenient for beginners. The software also allows the users to convert the bill into various formats and provides the option to send them […]
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ANOMALIES OF GST
GST is a form of tax which in its ideal structure would have only one rate of tax across all products and services and in most countries, this mode of taxation exists there is only one rate of tax levied across all the products and services that are supplied across […]
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A brief introduction to GST
Goods and service tax or GST as it is popularly known is the newest tax system we just come into existence in India from 1st July 2017 . GST became A law going through a number of hurdles. it is also taken a long period of time to come through […]
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Cancellation of registration
Under by the gst registration can be cancled either by the tax authority or by the registration taxpaper him self or by his leagal hairs in day of his that but it under the following circumstances That is in case what The business has been discontinued or thanks for from […]
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GST Due Dates – After Lock Down – 2020
Government is lifting the Lockdown gradually and in step wise manner and now Taxpayers needs to keep a track of GSTR returns. Government has released a new notification with all the GSTR due dates and late fine provisions updates. We have simplified the notification and here you can find all […]
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Finally, GSTR-9 and GSTR-9C for FY 2017-18 Extended – GST UPDATE
Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 3rd, 5th and 7th February 2020 as under. Notifications will follow. Group 1: Maharashtra, Karnataka, Goa, […]
Continue readingGST returns in 2018: Due dates, requirements, and penalties
Since the introduction of the Goods and Services Tax (GST) on July 1, 2017 , one issue that has continually been in the limelight is returns filing. GST introduced a host of new requirements for returns, and mistakes or noncompliance result in interest and penalties for businesses, as well as […]
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