Key Takeaways Creating accurate sales entries is crucial for maintaining proper financial records, ensuring compliance, and managing inventory effectively. With the introduction of GST, it is essential for businesses to understand how to incorporate tax details correctly while generating invoices. Tally, one of the most widely used accounting software in India, offers multiple ways to […]
Key Takeaways When we make invoices under GST, we must adhere to many laws and comply with the requirements. We have mandatory fields in the invoices that must be filled out when invoiced under GST. However, there are some cases where you have to make an invoice without incorporating GST. In this blog, we will […]
Key Takeaways Registering for GST becomes complicated when users encounter a validation error message, “PAN and Legal Name Not Matching with the CBDT Database”. The PAN-Legal Name common error occurs mainly due to inconsistent data between your PAN information and the CBDT central database system. Moreover, the registration process becomes slower and more difficult to […]
Key Takeaways Filing GST requires a lot of corresponding data, which makes it a bit complicated for taxpayers. Besides remembering the day of filing, they need to follow a proper compliance procedure that includes invoices and adequate documentation. Filing returns with procedural errors often leads to legal actions taken against the taxpayer. Sometimes, no matter […]
by Key Takeaways While GST brought standardisation and uniformity, certain niche sectors like Software Technology Parks of India (STPI) units and Export-Oriented Units (EOUs) experienced significant changes in their operational and compliance landscapes. These units, which are primarily engaged in the export of software services and goods, need to understand the implications of GST laws, especially […]
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