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How to Reconcile GSTR-2B in Tally Prime?
Summary: Learn how to reconcile GSTR 2B in Tally Prime easily. This step-by-step guide will help you quickly navigate the process and get back to running your business. Goods and Services Tax (GST) is an indirect tax that has revolutionized the taxation system in India. It has replaced numerous indirect taxes with a single, comprehensive…
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TallyPrime 3.0 Launch: Features, Specifications & Update
Summary: With the TallyPrime 3.0, you can now easily manage several GSTIN data from a single company portal. Learn more about the latest features introduced through this update in this article below! TallyPrime is versatile software that can be used by any business to manage their accounts, tax details, return filing, inventory, and so on.…
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How are GST Billing Solutions Helping SMEs
The biggest challenge that most entrepreneurs encounter when it comes to accounting, billing, and product inventory is the lack of experience to handle all of these tasks efficiently. As a result, there are frequent errors and inaccurate data, impacting the overall productivity. This is where employing a third-party platform like specialized GST Billing Software can…
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What are the Important Rules for Income Tax and IT Returns?
As the new financial year has started, it is important that salaried employees and “taxpayers” fulfil the critical financial tasks on time. We provide you here with a checklist of the key functions to help you make all essential tax-saving investments. Make a note of these financial obligations & tasks for the new financial year…
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How to Change Contact Details in GST in 5 minutes? Follow These Steps
Contact information is of utmost importance when filing for GST returns as all the communication regarding updates, status, etc. would be directly sent as notification to the mentioned email id and telephone number. After adding all the requisite information, you can opt for changing the provided email ID or mobile number as and when the…
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What are the Types of GST Returns: Forms, Due Dates & Penalties
GST (Goods and Services Tax) was introduced in the year 2017 to unify different indirect taxes under one umbrella. As a result all entities involved in business activities were mandatorily required to complete GST registration before filing forms for GST return, offline or online. What is GST Returns? With business owners and dealers having to…
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New Invoice Rules Under GST for FY 2020-21
On Saturday, February 1st, 2020, the Finance Minister of India, Nirmala Sitharaman, presented the Union Budget for FY 2020-21. As the Annual budget 2020-21 commenced, the citizens of India, businesses and organisations held their breaths to know about the change in the various rules in taxation, benefits and reliefs presented by Finance Minister Nirmala Sitharaman.…
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13 Best Free GST Billing Software – Free Download
Billing is one of the most crucial steps of any business transaction. It is also one of the processes which is prone to miscalculations. With the GST regulations introduced by the Government of India on 1st July 2017, all businesses are now complying to GST regulations. Calculating GST on a specific product or a service…
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How to File GSTR 1 Using Tally.ERP 9 – A Step By Step Guide
The Goods and Services Tax Return 1 form is an official document that every registered tax payer has to file monthly quarterly. All the tax payers have to enter their details about their sales & supplies in this form. It should contain the details of all the sales done and the supply of goods and…
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How to Get GSTIN Number in India
GST or Goods and Services Tax has brought about a revolution in the way taxes were calculated and paid in the country in the past. Under the previous tax regime, taxes and registration numbers were separate for state and centre. But with the introduction of GST, all these processes and taxes came under a single…