GST registration is mandatory for most businesses in India. It involves obtaining a unique Goods and Services Tax Identification Number (GSTIN) from the tax authorities. Once registered, businesses can legally collect GST from customers, claim Input Tax Credit (ITC), and file GST returns Why is GST Registration Important? Legal Requirement: Businesses with a certain …
GSTR-2, or the Goods and Services Tax Return-2, is a report that businesses in India need to file under the GST (Goods and Services Tax) regime. Unlike GSTR-1, which focuses on outward supplies made by a registered taxpayer, GSTR-2 deals with inward supplies, i.e., purchases made by the taxpayer during a specific tax period. …
GST R1 Return is an important filing under the Goods and Services Tax (GST) system in India. If you are a business owner registered under GST, you must file this return to report your sales (outward supplies) every month or quarter. GSTR 1 is a monthly, or quarterly GST returns filing form that all taxpayers …
What is GSTR-1? GSTR1 Return Filing in TallyPrime Read More »
The GST is “Goods and Services Tax” a comprehensive, multi-stage, destination-based tax that is levied on every value addition. It is designed to replace various indirect taxes like VAT, excise duty, service tax, and others. It is an indirect type of tax, which has to be paid on buying goods or service and the …
An employee represents an individual who is employed by an organization and is eligible to receive salary or wages. After creating the Employee Groups, create individual Employee Masters, with or without grouping them, under the Employee Group Master. Employees in Tally are typically associated with various payroll-related information such as salary structures, attendance records, deductions, allowances, …
