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Masters India is empaneled as GST Suvidha Provider and Application Service Provider. 

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Masters India is a licensed GSP & ASP by GSTN
Masters India GST Cloud Solution is SAP certified
Seamless Integration with existing ERP/Accounting Systems
Manage all Business Units/GSTINs under one single account
Unlimited Invoices & Return Filing
Automate Reconciliation & Input Tax Management
Stay on top with Managed Services for GST Filing
Multi-level Access Control
No Implementation Charges or Up-front Payment
100% Secure. ISO 27001:3000 audited
Connect with your Vendors/Clients in one click
Free On-site Training to our customers
24*7 Toll Free Support, Dedicated Account Manager
Free GST Course & Study Material

GST Compliance Made Easy with autoTax GST SoftwareA powerful GST Software designed to automate your GST Compliance.

Import Data

Import data to GST Software with excel, FTP or pre-built connectors for mainstream ERP and Accounting Software

Reconciliation

Eliminate human errors, Reduce compliance time

Create Invoices

B2B, B2C Small, B2C Large

Multi-GSTIN/Multi-Users

Create and manage GSTIN/Branches
Business Groups and add multiple users with limited access permission

Reporting & Audit Trail

Gain visibility with access to past reports to current filings

Ledger

Maintain GST Ledger for Sales, Purchase, Cash & ISD

E-commerce

Support for e-commerce invoices

Real Time GST Updates

GST Software is designed to update its directories in real-time for any unsuspected changes in law

Technology trusted by GSTN

IT Infrastructure

Our infrastructure is built to grow as your company grows. We also understand that your data is critical to your business, that is why we also have a Business Continuity Process in place in case of a disaster. Expectedly, our support team is available to service you 24×7 if you come to face any technical issue.

Data Privacy Policy

Your data, your property. Our system is designed to only allow you to see your data.

Data Security

Your data security is important to us. We have avant-garde security measures in place to shield your data. Your data travels securely through MPLS lines, and remains within the Territory of India. Additionally, we provide a comprehensive role management system along with audit trails for holistic risk management.

 

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Plugin autoTax - GST Software in the Applications You Already UseSo you do not have to worry about importing data from your ERP system, or accounting software, or your marketplace platform.

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autoTax tax analytics can help tax departments deliver operational efficiency and add value to business.  It can offer critical tax data and intelligent information reports which can be used to formulate strategic tax viewpoints on critical business decisions. 

Learn all about Goods and Services Tax

A Quick Guide to Goods & Services Tax (GST)
One nation – one tax, is surely a game changer. As the Indian taxation scenario revamps, a singular tax regime promises to eradicate complexities, stemming from a bunch of indirect taxes and manual filing. To give you a ready reckoner, here’s an exclusively crafted, quick guide to the Goods and Services Act, commonly known as GST. Read more.
GST Invoicing
This article discusses the following in detail: What is a GST Invoice? Tax Invoice Under GST Bill of Supply Under GST Revised Invoices Copies of Tax Invoices What is A GST Invoice? A GST invoice is a document which will capture all the relevant details of a business transaction including information about both the parties.... Read more.
GST Rates
All goods and services [over 1700], transacted in India will fall under two coding systems – HSN code system and SAC code system. All the goods will fall under HSN category and the services under SAC. These items will attract any one of the total 7 tax slabs [ 0%, .25%, 3%, 5%, 12%, 18%, 28% ]. This article aims to give you a comprehensive, yet an easy understanding about each of the above GST Read more.
Input Tax Credit
The term “Input Tax Credit” assumes significant importance in the arena of indirect taxation. Let us zero in on our analysis on this topic under GST regime. “Input tax” means the GST Taxes (CGST, SGST, IGST) charged on any supply of goods or services or both made to a registered person in the course or furtherance of his business and includes such tax payable on reverse charge basis— but excludes tax paid under composition levy. Read more.
GST – Transitional Provisions
As the GST is few months away from its much awaited implementation, the transitional provisions assume special importance for all the concerned stakeholders. Transitional provisions, in general terms, are those rules, methods or procedures that will enable the stakeholders to switch over from the current Indirect Tax regime to the GST regime. A detailed analysis of certain... Read more.
GST Returns
Pre 1st July 2017, a manufacturer, trader, retailer or any other business was filing returns for various compliance’s – Excise, VAT, Service Tax, Sales Tax, Income Tax etc. with individual returns for each of them. A continuous process of filing returns – monthly, quarterly, half-yearly and yearly existed and businesses were apparently occupied throughout the... Read more.
GST laws: Analysis of “Time of Supply of Goods and Services”
At an informal business meet, our senior addressed to a group of businessmen – “You all are well aware that GST comprises of IGST, CGST and SGST taxes. A simple question: Can anyone tell when or at what moment will you have to pay the taxes?” As many floundered for words, few of them gave hazy, even humorous, replies – After sale of goods, after providing a service, at the end of the month, at Read more.
Analysis of Reverse Charge Mechanism Under GST
Baburam, the owner of a goods transportation agency, hurried inside the office of Kushal who was a CA by profession and looked after Baburam’s files. “Baburam ji!” Kushal greeted, “Long time. How are you doing?” “I ain’t doing any fine,” Baburam retorted as he sat, “For truck owners and transporters like us, GST has hit... Read more.
GSTR-3B Guide
What is GSTR – 3B GST law finally came into existence with effect from July 1st, 2017. However, anticipating the lack of IT infrastructure preparedness and to calm the initial taxpayer anxieties, the union finance minister Mr. Arun Jaitley on June 18th, 2017 announced that the GST return filing requirements have been relaxed for the... Read more.

GST Knowledge Centre

Frequently Asked Questions

GST, which stands for Goods and Services Tax, is a single destination based consumptiontax, which will replace almost all the existing Central and State taxes, including but not limited to CENVAT, Octroi, Sales Tax and Excise Duty etc. The methodology and approach while formulating GST has been unlike the old tax structure, where the state of origin received the tax revenues.

GST is a value added tax ecosystem, intended to eradicate the cascading effects of taxes in a supply chain environment. Being a destination tax, the mechanism is formulated to pass the burden of taxes to the end consumer.
The GST environ in India is administered by the Goods and Services Network [GSTN], a public-private partnership, which is the whole sole IT module and the backbone of the of GST framework. To strengthen and smoothen the interaction between GSTN and the tax payers, the GST Council has identified and approved [under stringent guidelines] 34 organizations in India, termed as GSPs [GST Suvidha Provider]. A GSP basically provides a third party application which acts as a bridge and synchronizes with the tax payer’s existing financial controlling systems [ERP, Accounting Softwares etc.] and the GSTN, thereby easing the process for organizations, to deal with GST. GSPs are equipped with secure GST APIs [Application Program Interface], which actually act as a connector while the third party GST software provides unique and convenient ways from GST registration to GST Return Filing. Masters India is one of the biggest, rapidly growing and the most favored GSP with its rich and secure autoTax, a complete GST Software.
ASPs [Application Service Providers] are third party entities like GSPs which facilitate the overall GST process for a tax payer – from registration to returns. These GST returns will then be filed on behalf of the filer with GSTN via the GSPs. ASPs are basically a link between the taxpayer and the GSP to provide GST Return Filing. All the GSPs can act as ASPs but an ASP cannot be a GSP. Masters India is one of the biggest, rapidly growing and the most favored GSP + ASP with its rich and secure GST software, autoTax, a complete GST Compliance Solution.
The government has used technology in an unprecedented manner to facilitate taxation of the country. GST regime necessitates a high level of synchronization between tax payer’s system, i.e.an ERP, an accounting or an invoicing software, and the GST system (GSTN), which without automation would be a difficult task. GST software by Masters India acts as a bridge between the taxpayer and the Government. A taxpayer can use the GST software for creating GST compliant invoices, uploading and reconciling their sales and purchase data, filing GST returns, and maintaining GST ledgers.
- Crude petroleum | Natural gas | Aviation turbine fuel | Motor spirit / Petrol.
- Securities [However, ‘transaction in securities’ have been included in the scope of exempt supplies while determining pro rata reversal of input tax credits used for making both taxable and exempt supplies].
- Actionable claims except lotteries, betting and gambling.(it is part of Schedule III , so can we include all schedule III entry here?)
- Specified real estate subject to clause (b) of Para 5 of Schedule II (same entry of Schedule III)
Almost all goods and services supplying in India are included under GST, except some exclusions and exemptions. Should there is an intra-state supply, the seller is to charge Central and State Tax and in case of an inter-state supply, Integrated tax is to be levied upon the purchaser.
GST is levied on an agreed price between the two parties except where such price is influenced or in any other way fouled. A registered purchaser can avail the benefits of Input Tax Credit of taxes, being paid to the supplier and the sequence of taxes continues till the goods/services reach the final consumer.

Imports will attract IGST, which is applicable under the Customs Act and is read with the Customs Tariff Act. Import of services are charged on reverse charge basis, excluding some exceptions.
Anything other than physical goods is considered as service in GST. Money [except some specified transactions] and securities does not fall in the services domain. The scope and the magnitude of services is much larger than the pre GST service tax law. It was being assumed that the real estate will fall into services as it is not goods. However, the sale-purchase transactions of real estate will not fall, either into products or into services, as in schedule III of the CGST act.
The CGST Act excludes the following transactions from both the supply of goods and the supply of services:

- Services of any court or tribunal established under any law.
- Services of an employee to the employer, service should be in the course of or in related to employment.
- Services of members of parliament, members of state legislature, member of panchayats / municipalities / members of other local government / political authorities.
- Service of a chairperson / member / director of a central or state government body who is not deemed as a employee before commencement of this clause.
- Services of a foreign diplomatic mission located in India or any agency of the UN organizations or any multi-lateral financial institution, notified under the United Nations [privileges and immunities] Act 1947
- Services of funeral / burial / crematorium / mortuary including the transportation of the deceased.
- Sale-purchase of real estate [except for a building meant for sale to a buyer before issuance of completion certificate or first occupation]
- Actionable claim other than lottery / betting / gambling.

Such exclusions from the ‘goods’ and ‘services’ leads to having no tax credits to be reversed for any common inputs, input services or capital goods used in such supplies along with taxable supplies.
The cumulative value of all taxable supplies, exempt supplies, export of goods / services and inter-state supplies of a person having the same PAN is termed as the aggregate turnover in GST. The aggregate turnover does not include the tax collected under the [CGST / SGST / IGST / UTGST / compensation cess] acts. Also, value of supplies on which tax is payable on reverse charge basis will also be excluded from the aggregate turnover. Though, any tax charged under any other provisions, such as, excise duty charged on tobacco by the Centre or mandi fees on agricultural and dairy commodities charged in states, will be included in the aggregate turnover.
Under Section 2[84] of the CGST Act, a person is defined as an individual, hindu undivided family, Government companies / firms, limited liability partnership, co-operative society, local authority, any corporation established by or under the [Central / State / Provincial] Act.
No. The taxable person has to apply for two different GSTIN’s for both the states. The turover for the purpose of registration will be the combined turnover of both the states and not the turnover of any one state.
A person having multiple business verticals in a state may obtain separate registrations for each business vertical. Obtaining two registrations on the basis of business vertical is optional for the taxpayer.
GSTR 1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.
GSTR 1 can be filed using the following modes:

1. GST Portal
2. GSTN Returns Offline Tool
3. GST Suvidha Provider (GSPs) and Application Service Provider(ASPs)
Pre-requisites for filing GSTR 1 are:

a. The taxpayer should be a registered taxpayer and should have an active GSTIN during the tax period for which GSTR 1 has to be furnished.
b. The taxpayer should have valid login credentials (i.e., User ID and password).
c. The taxpayer should have an active and non-expired/ revoked digital signature (DSC), in case the digital signature is mandatory
d. In case a taxpayer wants to use E-Sign, they must have a valid Aadhar number with access to the mobile number and e-mail id registered with Aadhar authority (UIDAI) as OTP will only be sent on the registered mobile number and e-mail id. In case the taxpayer has changed the mobile number and e-mail id, they must first update the same with UIDAI. For cancelled GSTINs, the taxpayers will have an option to file GSTR 1 for the period up to the date of cancellation
e. In case taxpayer wants to use EVC, they must have access to the registered mobile number of the Primary Authorized Signatory
The due date to file GSTR 1 for a given tax period is 10th day of the succeeding month.

For example, GSTR 1 for Goods/Services supplied during the calendar month of September 2017 should be filed by 10th October, 2017.
The following taxpayers are not required to file GSTR 1:

- Taxpayers under the Composition Scheme (Return in GSTR 4)
- Non-resident foreign tax payers (Return in GSTR 5)
- Online information database and access retrieval service provider (Return in GSTR 5A)
- Input Service Distributors (ISD) (Return in GSTR-6)
- Tax Deducted at Source (TDS) deductors (Return in GSTR 7)
- E-commerce operators deducting TCS (Return in GSTR 8)



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