New Delhi : It’s a new bench mark day for India.India’s monthly goods and services tax (GST) collections crossed Rs 1 lakh crore for the first time in April. Gross GST revenue in April stood at Rs 1,03,458 crore, of which central GST was Rs 18,652 crore, state GST Rs 25,704 crore and integrated GST Rs 50,548 crore, including Rs…
NEW DELHI: India’s monthly goods and services tax (GST) collections crossed Rs 1 lakh crore for the first time in April, indicating that the indirect tax regime was stabilising and that economic revival was picking up pace. GST was rolled out across the country on July 1last year. Gross GST revenue in April stood at Rs 1.03 lakh crore, the…
New Delhi: Finance Minister Arun Jaitley-chaired GST Council will meet on 4 May to discuss a simpler return form and the amendments required in the indirect tax regime rules. The 27th meeting of the council, comprising state finance ministers, will meet through video conferencing and will also mull over the proposal of converting GSTN into a government company. A decision on…
New Delhi: Four more states, including Madhya Pradesh, and Union Territory of Puducherry will roll out the e-way bill for intra-state movement of goods from 25 April. From 1 April, the government had launched the electronic way or e-way bill system for moving goods worth over Rs 50,000 from one state to another. The same for intra or within the…
There is nothing worse than a business that doesn’t have a strong grip on its financial situation. A good business accounting ERP software is programmed in such way that it would enable you to manage your businesses financial transactions. With ERP and accounting software it is easier to stay organized, ensuring that you know where you stand at all times…
There is so much work to be done in a business like payments, sales, purchases, expenses, invoices, tax, accounts, bank work, bills etc. And to maintain the daily reports in sheets of paper, will consume too much of your valuable time, your resources and extra costs for nothing but more work load. Upgrading to customized online GST accounting software not…
The GST issue has again recently been in the news. Various complain were being heard from the companies stating that they are facing heavy challenges in matching the invoices on the GST Portal during the filing of GSTR-2. Complains have come forth in the very first filing month of GSTR-2. The Government has finally extended the last date of GSTR-2…
Most of the awareness programs on GST by our Government held in urban areas. However, the traders of rural areas are still unaware about benefits of proper accounting and taxation. Most of the rural traders are still not using any type of accounting software for their business. Our government has now started many initiative programs to educate the traders on…
