Master these 6 Reports to Maximize Your Input Tax Credit (ITC) Claim

Did you know that the condition of 10% provisional ITC rule will apply cumulatively for Feb to Aug 2020. And any cumulative adjustment for input tax credit for these months can be reported in 3B of Sept 2020. Read the full article for detailed conditions for ITC Claim with screenshots.

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Cloud Software in times of COVID-19

The current lockdown situation has forced companies in all sectors to work from home as much as possible. Here’s how cloud computing and cloud software applications in terms of COVID-19.

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FAQs around mistakes in GSTR 3B & GSTR 1 and how to resolve them

Since making revisions is not allowed, the government has set out some rules to make changes/amendments, and rectify the mistakes in GSTR 3B and GSTR 1 for the ease and convenience of the taxpayers. Read on…

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Top 10 IRISGST upgrades of 2019 that helped you ease your compliance journey!

IRIS Sapphire, the GST software from IRISGST, is a one-stop solution for all your GST Compliance. Built with features like auto-computation, smart and advanced reconciliation and robust insights and reports,

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Diwali Cleaning Checklist for Accountants

As an accounts manager, you try and maintain your books throughout the year. You pay monthly bills and collect due invoices from the customers.

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12 Mistakes to Avoid while Preparing Invoice Data

Invoicing your sales, no matter how basic it may sound, is an essential aspect of business that every taxpayer registered under GST needs to master. A well-prepared invoice data not

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8 Questions to Ask before Finalizing Your GST Software

With continuous improvement in ‘Ease of Doing Business’ in India, business houses are flourishing beyond boundaries, diversifying into new sectors and numerous MNCs are setting up their shops in the country.

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How to transform ERP data to GSTN Validated Data in minutes

It is often said, “Change is the only constant”, thus inevitable. However, when it comes to finances and complying with the rules and amendments set forth by the government, the

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Power Your Decisions with IRIS Sapphire Business Intelligence Tool

Businesses have been filing GST returns for over a year now. While compliance is the main purpose, the granularity and spread of details captured in your GST filing makes it

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14 Cases where Input Tax Credit (ITC) cannot be Claimed

The Goods and Services Tax (GST) was introduced to the Indian business houses on July 1, 2017. While GST has been constantly evolving into a well-structured taxation system, one thing

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Indian Corporate Reporting – Connect the Dots

The GST regime has the potential to change the Indian reporting framework for good. The benefits are for all to enjoy: Enterprises, Regulators and the Banking system.

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