GST Center Articles

  • GST HSN SAC tax codes

    Understanding HSN and SAC Codes in GST

    by on May 16, 2017

    In GST regime each invoice will have to mention HSN code for each item sold or SAC code of each services provided. As we reach closer to GST roll out date (likely to be 1st July, 2017), it becomes imperative for us to understand how new concept of HSN and SAC …

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  • Concepts of GST_Quickbooks

    Simplifying the GST Concepts for Small Business in India

    by on May 2, 2017

    Goods and Service Tax (GST) is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff…

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  • How to register for GST

    How to Register Your Business for GST

    by on April 28, 2017

    GST Registration
    As parliament passed the GST bills in April 2017, GST rollout date (July 1, 2017) is looking more realistic. It is becoming more important now to understand who needs to register for GST,  how to register your business for GST, and what do y…

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  • GST FAQ QuickBooks

    All that you wanted to ask about GST- GST FAQ (Part 1)

    by on April 26, 2017

    Our top 10 GST FAQs are here for you, answered by our GST expert, CA Harsh Vardhan Dawar. This is a curated list of questions you asked during our first GST chat on Facebook, Ask the GST Expert, held in April 2017.
    Top 10 GST FAQs
    Q1. I have registered myse…

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  • GST Return Filing QuickBooks Small Business Center

    When Should You File GST Returns for Your Business

    by on April 26, 2017

    As GST will roll out on July 1, 2017, every business will have to file monthly GST returns as part of its GST compliance. Even if there is no activity carried out in business, the business has to still file the returns.

    Let us check out the various returns…

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  • GST_Composition of Tax Levy Scheme - QuickBooks

    Composition of Tax Levy Scheme for Small Business in GST

    by on April 21, 2017

    Composition of Tax Levy Scheme will be an important part of the new Central Goods and Service Tax (CGST) Act, 2017. This scheme will benefit the small businesses which form the backbone of the Indian economy. We look at the salient features of this COT scheme….

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  • GST Quickbooks

    GST Compliance Rating and Why It is Important for You

    by on April 19, 2017

    GST law to rate businesses on their compliance
    In view of the challenges faced by businesses in transitioning into the GST regime, and in order to incentivize dealers to comply with the provisions of the new legislation, the GST law proposes to rate businesse…

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  • ecommerce GST QuickBooks

    GST impact on Ecommerce in India

    by on April 5, 2017

    E-commerce & GST
    Given the importance of e-commerce in the nation’s economy, the GST law has carved out a specific chapter to regulate the manner in which transactions are conducted on e-commerce platforms. While the latest version of the law has done a…

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  • GST QuickBooks

    GST Impact on IT and Consultancy Services

    by on April 5, 2017

    The proposed Goods and Service Tax (GST) law will significantly impact the manner in which businesses function. We look at GST impact on companies in the fields of Information Technology (IT) and consultancy services.
    Taxes on provision of services

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  • Rethinking Business: Impact of the GST on Working Capital

    Rethinking Business: Impact of the GST on Working Capital

    by on March 23, 2017

    The Goods and Services Tax (GST) will be one of the decisive factors for our economy in the coming years. It aims to put an end to the woes of an indirect taxation system, but many of the clauses of the model law point towards rising business costs. It also pr…

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  • Determining the GST Tax Structure

    Determining the GST Tax Structure

    by on March 22, 2017

    The GST tax structure will bring about a drastic change in current indirect tax system. Currently, tax barriers have created a fragmented Indian market. This has resulted in a cascading effect of taxes on cost which have made indigenous manufacture less profit…

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  • GST Portal

    A Quick Tour of the GST Portal and Enrolment

    by on January 27, 2017

    Goods and Service Tax (GST) is one of the biggest tax reforms in the history of independent India. This is going to transform the way small and medium businesses will operate in India. Despite this massive change the government is planning a smooth transition …

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  • GST Enrollments Have Begun! Have You Registered Yet?

    by on January 10, 2017

    The migration to new Good and Services Tax (GST) regime is the biggest tax overhaul in the history of the Indian tax system. GST enrollment for service tax assessees has begun on 9th January, 2017, and needs to be completed by January 31, 2017. Many taxpayers…

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