GST will not scare you anymore because we are going to tell you all that you need to know about GST by sharing a complete guide, its history, advantages, and the new GST compliance. Keep reading the article if you want to know the origin of GST and its...
An invoice is a receipt with the details of sales generally offered to the customer to keep a record and avoid any disputes. Invoice is exchanged between a seller and buyer including all the details of the purchase made by the customer, for instance, date of purchase, quantity, and...
We are stepping into digital India. Transforming our small business into a digitally forward business can change the entire game and turn up the profits for the overall organization.A billing software can greatly help you with generating invoices within a few clicks which saves a good amount of time...
Ok here’s a quick question for you, which document is mandatory for transmitting the goods from one place to another? It’s an eway bill! Eway bill is the electronic bill that is needed to be generated on the eway bill portal for the movements of goods. In other words,...
With the term “e-invoicing”, the generation of invoice on GST portal would be a wrong statement, e-invoicing is more than that. E-invoicing includes the submission of already generated invoices on a common e-invoice portal.Submit your invoice details for once and possess the benefit of reporting multi purposely. The CBIC...
The non-filers of GST returns stood at approximately 20% in december 2019.Businesses with less returns than Rs.1.5 crore annually, have to file their returns quarterly, while companies with higher revenue than Rs.1.5 crore have to submit GSTR-1 forms monthly. Due date of filing for such returns are not uniform...
What exactly a Proforma invoice is? A proforma invoice is a prior bill of any sale that is sent to buyers in advance, describing the particular of goods and services. In other words it represents the price, shipping charges, weight, taxes and commissions etc. of a particular product.Please note...
At this point, you have probably understood the importance of registering your business under the GST and have begun the process of GST registration. However, it is vital to know how to do GST payment online. Which GST Payments Do You Need to Make? Under the new GST system,...
Whether you are a new business owner, have your own shop or run an online business, it is impossible not to get tangled in the confusion of GST, the new tax reform in India. Since GST or Goods and Service Tax came into existence, the world of business has...
The new year has bought many new changes or about to bring in everybody’s life, and so does to the GST system. The new changes made are important to make the system more effective, accurate, updated and in addition to this taxpayer-friendly also. Many changes have already been made...