Equipping Modern Enterprises with Powerful GST & E-Way Bill Solutions

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  • GST Filing & Reconciliation
  • E-Way Bill Automation
  • GSTIN Search & E-Way Bill APIs

GST: A Real Impact on Real Estate!

Impact-of-GST-on-real-estate

Aryan, gasping and panting, stumbled inside the office of his friend, Kushal.
“Hey, Aryan! What a surprise – ” Kushal – a CA by profession –began to greet, but stopped short at the harried and hassled look on his friend’s face. “Is everything fine, Aaryan?”
“Nothing’s fine!” Aaryan sounded agitated as he plonked himself down on the chair, “The word ‘fine’ doesn’t fit aptly for us businessmen! But yes, if we talk about punishable “Fines”, they are made for us!” he finished with sarcasm.

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.

Tax Automation

With GST, tax automation will become critical in meeting regulatory requirements. GST regime mandates a high level of synchronization between tax payer’s system and GST system, which without automation will be an impossible task. Item level detail in invoices, with reconciliation of sales register and auto-populated purchase register, on a minimum three monthly returns, other events such as auto reversals demands automation of tax compliance process within any tax entity.

Nishank Goyal, CEO MIPL

Time, Place and Value of Supply

One of the significant changes under the GST regime after subsuming all the indirect taxes is the presentation of the concept of supply under GST. In the old indirect tax regime, taxes were charged on various points and occasions, for instance on account of goods taxes were charged at the time of production, transport, supplying, … Read moreTime, Place and Value of Supply