India, is a big economy with wider geographical anomalies. Here people live in terrains, deserts, land and mountains connected by roads, rail, air and even water at some places.
Under GST regime, in order to deliver the goods in a hassle-free manner, a transporter (Registered and Unregistered) is required to fulfil the 5 key responsibilities
The government released several relief measures in the 43rd GST Council Meeting and one of the major ones was the GST Amnesty Scheme. Read all about the relaxations here.
Impact of e-invoicing on Nil rated and exempted goods reporting in GSTR 1. Only regular tax invoices, debit - credit notes should be sent for IRN generation. Bill of Supply need not be sent. Read here
The 44th GST Council Meeting was held on June 12th, 2021 via video conference by our finance minister Nirmala Sitharaman in New Delhi. Read here...
The Input Tax Credit mechanism allows a taxpayer to reduce his tax liabilities on his sales with the taxes paid on inward supplies.
The ability to claim ITC on your purchases, has made the reconciliation of your purchase data with your suppliers’ data extremely crucial.
IRIS GST Software, from the house of IRIS GST, a leading GST Suvidha Provider, offers this tool to ease your GST return filing processes , compliance processes, GST reconciliation and so on.
A secure & comprehensive GST software is necessary to ease the filing hassles and but also to acquire data, reconcile, and for ITC claim etc. Here’s how a GST software can simplify your GST Compliance with 100% accuracy.
GST filing software assists taxpayers at various stages like data import from existing ERPs, transforming ERP data into GSTN-format, preparation of various returns, fetching GSTN data, GST filing, etc. hence it is crucial for you to choose your GST software smartly.
43rd GST Council Meeting took place on May 28th, 2021. Know the agenda, the Key highlights of the 43rd GST Council Meeting here
If you are someone who wants to start selling through e-commerce platforms and wondering if you need to register for GST then read this article it talks aboutGST Registration Requirement For E-commerce Vendors