GST

GST Software
Updated on February 16th, 2019 in GST

How does GST Impact your Company’s Working Capital

The Indian economy in the last three months [since the launch of GST from 1st July’17] has seen the most revolutionary and mammoth taxation migration exercise since independence, leading to several challenges, confusions and erroneous actions and decisions – all for the good though and with seemingly fair intentions. The old habits of tax evasion,…

Updated on February 18th, 2019 in GST

What is a GST Compliance Rating?

The new generation taxation system, GST has its own and unique way of measuring and rating the adherability and checking the compliance parameters of tax payers – much like the CIBIL score these days. Unlike the older era of taxation regime, where there was no mechanism to rate and grade the tax payers, the GST…

Updated on December 21st, 2018 in GST Updates

All attempts to keep e-way bill immune to red tapism

With the launch of the e-way bill, the overall transportation of the goods and commodities or specifically the logistics industry have suddenly started moving real fast with the abolition of the intra-state check posts and bureaucratic interference with the inclusion of the RFID [Radio Frequency Identification] or the QRC [Quick Response Code] devices, which make…

Updated on March 20th, 2019 in GST Return

Missing ITC Column in GSTR-3B creating panic

A potential glitch in the GST return filing process has caused piling up of hundreds of crores rupees with the government, which actually should be credited to the organizations in respect of their Input Tax Credit. The missing column of carrying forward of ITC [of the pre GST era] in the form GSTR-3B is causing…