During the past times financial management software meant the spreadsheets only, which cause more data errors, from financial planning to customer data, most employees depend on a number of spreadsheets to store business information. Most of them commonly use spreadsheets to store employee information, payroll, sales data, inventory details, project timelines etc. Most organizations track […]
The four-slab GST rate structure is to be reduced to three slabs in the near future, said the Prime Minister’s Economic Advisory Council chairman Bibek Debroy. While launching a book “GST: Explained for Common Man”, written by former CBEC chairman Sumit Dutt Majumder. A multiple tax structure makes the GST implementation a challenging process. He […]
The changes brought in the Companies Act, 2013 and the Companies(Amendment) Act, 2017 were not sufficient enough and so the Ministry of Law and Justice has brought in an Ordinance on 2nd November, 2018 named as Companies (Amendment) Ordinance, 2018 bringing amendment in 31 sections of the Act being enforced from the same day. 1. […]
What is the GSTR-11 Form? GSTR-11 is the return form prepared by the individuals who have been given a Unique Identity Number (UIN), to obtain refunds under the GST law , for all the goods and services purchased by them in India. If a person has paid taxes twice on a single product, then such […]
Filing Process of Annual Return (GSTR-9, 9A & 9C) Law Provisions (Act) 35(5) – Every registered person whose turnover during a financial year exceeds the prescribed limit shall get his accounts audited by a chartered accountant or a cost accountant and shall submit a copy of the audited annual accounts, the reconciliation statement under sub-section (2) of section […]
GST Return Filing is mandatory for businesses, tax payers are busy consulting CAs to get their GST Returns done. Since GST norms are complex, businesses often find it challenging to adapt to the new GST regime. As tax payers doesn’t have adequate time to focus on Filings, there are chances that they might commit errors […]
Udyog Software (I) Ltd. launches ‘SureFile’ for Jamshedpur in the presence of Assistant Commissioner GST Surefile offers the most simple yet very reliable Managed Filing Services for those who are finding it difficult to file their GST Returns every month. These services have been launched in Jamshedpur on 17th AUG, 2018 to benefit the SME […]
Are you worried about the mistakes filed in your GSTR-1 and GSTR-3B Filings? Let’s figure out ways in which you can correct the situation without paying any penalty. Finance Minister Mr. Arun Jaitley provided an additional opportunity for businesses to correct the tax filing errors committed in the monthly GSTR-3B without the fear of paying […]
ERP is the heart of any mid to large size enterprise. An ERP has to constantly evolve to match the dynamic requirements of the different growing businesses. An organization’s ERP system play a crucial role in shaping the company’s growth, it not only streamlines the business process but also helps to achieve efficiency, speed and […]
Every business which sells either goods and/or services, having an annual turnover exceeding Rs. 20 Lakhs must be registered under the GST Act to do business. In this article, lets understand the various persons who are liable for registration irrespective of their aggregate turnover and important cases where registration is mandatory. General Scenario: Under Chapter […]
