38% of the Tax payers have missed the GSTR-1 deadline. What happens to those who didn’t file?

There is no exemption for any taxpayers; all the businesses whose turnover is above 20 lakh have to file the GST Returns every month.

Posted Date: October 16, 2017

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Ayurvedic Products GST rates Revised from 12% to 5%! Know what else have been changed.

On 6th of October 2017 the GST council of India took some important decisions keeping in mind the problems faced by a common man.

Posted Date: October 10, 2017

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Understanding GST Nomenclature and Abbreviations

Reverse Charge – It means the liability to pay tax is on the recipient of supply of goods and services instead of the supplier of such goods or services in respect of notified categories of supply.

Posted Date: October 09, 2017

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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.

Posted Date: October 06, 2017

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GSTR-1 Filing: How enComply could change your GST Return Filing Experience

For the millions of GST taxpayers across India, GSTR-1 is a very familiar term. This is the first GST Return Filing which starts the GST Returns process and it represents the outward transactions a registrant has made during the period.

Posted Date: September 19, 2017

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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.

Posted Date: September 19, 2017

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GSTR-2 Filing Guidelines and Format – Inward Transactions

GSTR-2 Filing date for the month of JULY is due by 31st of October as per the latest update received from the GST Council India. With the ongoing Return Filing process majority of the people are facing many technical Issues.

Posted Date: September 14, 2017

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Complete your GSTR-1 Return Filing with the help of this guide

The first round of GSTR-1 return filing is scheduled to be completed before September 5, 2017. Did you ensure all the information is filled accurately? Ensure your GSTR-1 is filed correctly with a step by step Guide from Tax Experts.

Posted Date: September 04, 2017

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Credit Note & 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.

Posted Date: August 19, 2017

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This is why you need uGST Billing Software

With the ongoing Confusion about picking the right GST Invoicing Software, we at Udyog Software recommend what features to be looked upon while choosing the best solution.

Posted Date: August 11, 2017

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Choosing the right GST Ready Billing Solution

Having had experiencing higher acceptance rate within our Customers, we are deploying more resources in order to improve the user experience.

Posted Date: August 11, 2017

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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.

Posted Date: August 11, 2017

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Life of a CA in the era of GST

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.

Posted Date: August 08, 2017

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Importers disposing goods from Port need GST Registration in State of Port

Place of Supply Conundrum under GST Law has opened floodgates of demand and litigation for Importers and Exporters as Section 22 of CGST Act, 2017, which is statutory provision for the Registration under GST..

Posted Date: July 19, 2017

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Various Important Documents during GST Regime

The Central GST Act requires a tax invoice to be issued by a registered person for removal of taxable goods, delivery of taxable goods or provision of taxable services.

Posted Date: July 13, 2017

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How should a SME prepare for staying compliant with GST

Mr. Rajiv Gidla, our Chief Business Officer, delivered important message about what SMEs need to do to towards preparing for GST at a recently held seminar at The Trident in Mumbai.

Posted Date: July 12, 2017

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Dealing with the changing downstream reporting requirements?

GST in India started on 1 July 2017 with the President and Prime Minister flipping a switch to start the new regime. Certain rates and schedules were revised before the full set of GST rules was published in a single document on 2 July 2017.

Posted Date: July 03, 2017

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What happened on the First Day of GST?

Today is the first day of the GST and as expected have many changes, revisions and modifications leading up to this day. Last week saw a flurry of different notifications released to finalize rates, rules and procedures. The rate schedules made some modifications to the proposed rates which were released over the course of May and June 2017.

Posted Date: July 01, 2017

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Importance of Technology during GST

The GST is the largest Tax reform in India and its effects on businesses will be felt for years. It will improve margins for manufacturers and make it easier for service providers to lower costs through lower taxes. Overall it is expected to increase the GDP by 1% which will add crores of rupees to the economy

Posted Date: June 21, 2017

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Importance of Building Tax and Regulatory Capabilities into your Supplier Network

While the GST Council continues to work out the modalities of the GST implementation such as tweaking the rates of cashews or finalizing the e-way bill rules; there will still be opportunities to improve the efficiency of your business.

Posted Date: June 13, 2017

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ISV & SI

The GST is a watershed event for India because it will mark the creation of a single indirect tax system for the entire country. A single indirect tax system creates a single market and along with the free flow of goods and services..

Posted Date: February 15, 2017

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GST and eCommerce

eCommerce has is a fast-growing sector in India and the model GST legislation recognized this and create special provisions specifically to address eCommerce operators.

Posted Date: February 6, 2017

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Manufacturing and the GST

The Make in India campaign launched in 2014 signaled the current government’s desire to increase the manufacturing capacity of India, which will diversify and strengthen the Indian economy.

Posted Date: Feburary 6, 2017

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Midsize CA Firms and the GST

GST presents an opportunity for a firm to consider a cloud Governance, Risk and Compliance (GRC) solution for managing the data for clients who have multiple locations across a firm with multiple locations.

Posted Date: Feburary 3, 2017

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Impact of GST on banking sector

Banks and financial services companies will face challenges under the GST because of changes to the place of supply rules under the GST.

Posted Date: Feburary 3, 2017

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Service Sector Could Face Two Challenges

Now that the GST has been pushed back to 1st July 2017, there will be a budget which could include changes for the Service Tax.

Posted Date: January 28, 2017

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GST and ERP Challenges

The Goods and Services Tax (GST) promises to bring a single unified tax regime for India, which will consolidate many different taxes into a single tax regime.

Posted Date: January 2, 2017

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GST and the Mid-Size Business

The Goods and Services Tax (GST) promises to bring a single unified tax regime for India, which will consolidate many different taxes into a single tax regime.

Posted Date: January 2, 2017

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Udyog & GST

enComply is a new tax returns offering tailored to the GST and it is offered by Udyog which is a leader in Indirect Tax in India since 1993. While enComply will take care of the needs for compliance.

Posted Date: January 2, 2017

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GST and Impact on Businesses

enComply is a SaaS based GST (Goods and Services tax) compliance platform. Offered by Udyog Software – Tax Experts Since 1993 enComply is a solution to manage the compliance and workflow obligations under the GST.

Posted Date: December 31, 2016

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What Changes with GST and how enComply can Help

The Goods and Services Tax (GST) represents the single largest tax change since India’s independence and it will eliminate multiple tax regimes and consolidate them into a single tax regime.

Posted Date: December 31, 2016

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Depreciation Under New Companies Act 2013

Depreciation Under New Companies Act 2013 has brought in significant changes on various aspects of financial statements to make it more relevant.

Posted Date: December 08, 2014

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Manage Fixed Assets Efficiently

In current competitive business environment, organisations view business profitability not just as a function of revenue, but also better management of resources.

Posted Date: Novemeber 25, 2014

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Corporate Social Responsibility and Tax Issues

Tax revenues are the lifeblood of the social agreement, and paying taxes is one of the most important ways in which corporations connect with society.

Posted Date: November 11, 2014

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5 FAQ’s about the Public Provident Fund (PPF)

The key to timely generation of wealth lies in the practice of saving regularly and systematically. One of the most popular tax-saving schemes that can be opened.

Posted Date: October 31, 2014

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Service Tax Return (ST3) Filing

Every Assessee who has registered for Service Tax and has been assigned a Service Tax Registration No. is required to file a Service Tax Return on a half yearly.

Posted Date: October 27, 2014

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5 Common Tax Filing Mistakes You Must Avoid

We all make mistakes. Some of them can be rectified and some teach us a lesson to be more careful the next time. The same applies while filling your tax returns.

Posted Date: October 22, 2014

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Track Your Assets with Tracet

If you are looking for some integrated software that could help you in managing your company’s assets, look no further. Tracet by Udyog Software is a comprehensive Fixed Asset Management Software.

Posted Date: August 25, 2014

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A Snapshot of Recent Service Tax Changes on Ground Level

Service Tax is a levy on provision/rendition of service in India. Chapter V of Finance Act, 1994, introduced Service Tax in India and it came into force from July 1994.

Posted Date: August 18, 2014

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Export Oriented Units – Importance and Benefits

Introduced in the year 1980 vide the Ministry of Commerce dated 31st December 1980, the main aim of the Export Oriented Unit (EOU) scheme is to increase exports, earn foreign exchange to the country and to generate additional employment

Posted Date: July 14, 2014

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Benefits of Processing GTA Service Tax Accurately with Udyog

This service tax is on “Goods Transport Agency” and “Courier Service” only. Goods transport freight for single consignee up to Rs.750 and for single vehicle up to Rs.1500 is exempt.

Posted Date: March 24, 2014

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Importance of Paying Advance Tax

What is advance tax? As the name suggest advance tax is the tax that is paid in advance for the income of a particular financial year. The normal belief is that taxes are to be paid only when you are earning an income but under the tax provisions

Posted Date: March 11, 2014

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A Guide to Preparation, Submission, Correction and Penalties of TDS Returns

Liability to file e-TDS Returns – The following assessees are required to deliver their TDS return in electronic form as per Section 206 of the Income Tax Act.

Posted Date: March 3, 2014

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Important Tips for E-filing Your TDS Return

TDS (Tax Deducted at Source) is the amount withheld as tax from various kinds of payments like salary, contract payment, commission etc.

Posted Date: February 24, 2014

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Advantages of Payroll Tax Management with Udyog

Payroll management is a cumbersome task for the organizations yet it is a one of the very important procedures which reoccurs every month and involves complications related to computations, reductions and legal rules.

Posted Date: February 17, 2014

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Simplify Transaction Documentation with Udyog’s Transactor

Organizations are continuously facing the challenge of understanding the varying tax environment. While the ERP systems in the companies do help out in streamlining business processes but they end up failing when it comes to tax automation.

Posted Date: February 9, 2014

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Benefits of Creating Form 2 XML with Udyog’s eFile Mapper

Automation is the buzzword of the corporate world and in order to keep pace with the competitors, organizations are trying their best to simplify their business processes. In their attempt of streamlining the operations, they are leaving no stone unturned.

Posted Date: February 2, 2014

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Advantages of Implementing AddTax Solution

The concept of transactional taxation is very complex in India. The wide variety of taxation norms make the complete system a lot more complicated for the retailers. With the introduction of e-commerce, large number of companies are buying and selling products online.

Posted Date: January 18, 2014

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Benefits of Implementing the USquare Solution

Is your organization losing out money because of improper tax management capabilities? Are you lacking the required manpower for streamlining your business taxation requirements.

Posted Date: January 05, 2014

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Streamline your Taxation process with USquare

More and more organizations desire to get the efficiency, accuracy and speed from their existing resources. Business automation is definitely the need of the hour.

Posted Date: December 29, 2013

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Advantages of Implementing Visual Udyog Tax Solution

Indirect tax, a tax which consists of consumption, transaction, value-added, sales and use taxes can cost organizations a huge amount of money to manage each year.

Posted Date: December 23, 2013

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Improve your Business Intelligence with Visual Udyog

The indirect taxation process involves a number of legal risks and consumes almost 16-22% of your organization’s’ operating profit. The Indian taxation environment has always been dominated by a variety of indirect taxes on an adhoc basis to meet deficits.

Posted Date: December 15, 2013

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A Snapshot of VAT Management Challenges in India

Value Added Tax (VAT) compliance and returns management can be complex, costly and challenging for organizations in India. Organizations have perpetually limited the use of Information Technology for VAT compliance to basic ERP configurations and ERP report customization.

Posted Date: December 08, 2013

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Salient Features in Central Excise Tax

It is necessary to pay taxes on all the goods manufactured, unless exempted. The Central Excise Duty is levied as soon as the goods are manufactured or produced.

Posted Date: November 30, 2013

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The Importance of Choosing the Right ERP Localization Service

Nowadays, organizations are facing umpteen challenges while localizing their ERPs as it is a very tedious process and involves a lot of regulations and tax modules. In order to decrease their dependency on the taxation subject matter experts.

Posted Date: November 30, 2013

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Bid Good Bye to Tax Worries with Taxilla

Next to being shot at and missed, only few things are as rewarding as an income tax refund; and the basic requirement to revive this satisfaction is by filing your taxes on time. With the advent of electronic tax filing, the archaic process of filling your returns has been long forgotten.

Posted Date: November 14, 2013

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Taxilla Stands Out with Dynamic Delta Capture

A Good Enterprise Resource Planning (ERP) system should be able to give a clear picture of the vital processes of all the departments of an organization with a unified reporting system that helps to analyze the statistics in real time.

Posted Date: October 27, 2013

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