June 11, 2020
Reverse Charge Mechanism under GST is a mechanism under which the usual cycle of tax payment is reversed. Under Reverse Charge, the recipient pays to the supplier an amount exclusive of GST, the recipient then pays the GST directly to the Government. RCM is a complex concept that works in select scenarios only. 1. What is RCM
June 11, 2020
The 40th GST Council Meeting was held in New Delhi under the chairmanship of Honorable Finance Minister Nirmala Sitharaman, through video conference & comprised of the counterparts form the States & UTsImportant Facts about GSTR-3B filing | Watch our video now The 40th GST Council Meeting has made the following recommendations on Law & Procedures
June 9, 2020
Table of Contents e-Invoice & e-Way Bill in Tally | Steps you must knowWhat is e-Way Bill under GST?Supply of Goods and Services Under GST For Inter-Unit/Branche-Invoice and e-Way Bill in Tally | Generate e-Invoice and e-Way Bill | Live DemoHow is e-Way Bill generated in the current System?What is E-Invoicing under GST?Supply of Goods
June 9, 2020
Table of Contents GST e-Invoicing Mandatory Soon for Businesses Turnover 5 cr and Abovee-Invoicing Under GST: Role of Chartered Accountants If Their Clients Ask For ItComparative Analysis of Invoice Management & ReportingAnnexure-2 : Actions required under New GST ReturnsSignificant Role of e-Invoicing in Invoice ManagementDetailed Guide on Actions required on Annexure-2 The arrival of the
June 2, 2020
The New GST Return System will inaugurate in October 2020 as per the decision of the 39th GST Council Meeting held on March 14th, 2020.The changing system also has impacted various components of the Existing System. The introduction of new forms will also change the reporting of various miscellaneous transactions.Let us understand what changes are
June 1, 2020
What is RCM under GST? Reverse Charge Mechanism or RCM under GST is the payment of Taxes in a reversed cycle that is directly through the recipient to the Government. The Working of reverse charge is tricky & technical involving multiple conditions.We have created a detailed guide on the working of the Reverse Charge Mechanism