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Life of a CA in the era of GST

Is GST standing against you and your firm’s success? Your ambition of expanding your CA firm to next level can come true with GST implementation. GST is a huge opportunity for CA’s and TRP’s since the new rules are new for everyone. This is an exact opportunity where market forces are pushing businesses to look…

Industry Stalwarts view on GST and it’s implication on India’s Growth

With the government notification on timeline for furnishing final tax returns for July and August under GST regime, over 71.30 lakh excise, service tax and VAT payers are gearing up for tax filing under GST- as per business standard news http://www.business-standard.com/article/economy-policy/gst-cbec-notifies-final-timeline-for-filing-tax-returns-for-july-august-117080900598_1.html As we unfold this journey of Indian indirect taxation transformation under GST, let’s look…

This is why you need uGST Billing Software

by Krishna Sriteja. D GST Content Specialist | Tax Technology Enthusiast You can reach him on dksriteja@udyogsoftware.com _______________________________________________________________________________________________________________________________________________________________________________

Credit Note and Debit Note in the GST regime

Implementing GST could bring many positive effects on the Indian economy boosting the revenue and improving the number of tax payers in India. There are many terminologies and information that must be understood by all the practitioners. In this article, we will make an attempt to understand two important concepts of GST compliance - Credit…

GSTR-6 Filing Guidelines and Format

GSTR-6 filing date for the month of July is due by 13th of October. However the GSTR-6 filing date for the month of August is not yet declared. Ideally an ISD (Input Service Distributor) will have to file monthly returns GSTR-6 within thirteen days after the end of the month. After GSTR-3B, GSTR-1, GSTR-2, the…

GST Attracts Penalties! Know how you could be Fined

GST- Goods and Services Tax attracts penalties for multiple offences committed by the vendor or the registered GSTIN. Under Goods & Services ACT section [122(1)], [122(2a)], [122(2b)], [122(3)], [sec 123], [sec 124], etc multiple cases can be registered under different sections as per the offences committed by the vendor. The government is observing these cases…

Understanding GST Nomenclature and Abbreviations

General Full-Forms: CGST - Central Goods and Services Tax. SGST - State Goods and Services Tax. IGST - Integrated Goods and Services Tax. UTGST - Union Territory Goods & Services Act. MSP - Managed Service Provider. GSP - GST Suvidha Provider. ITC - Input Tax Credit. TDS - Tax Deducted at Source. TCS - Tax…