We have entered the GST era, and there are many aspects of the law that we need to learn and understand. One such aspect of GST is the ‘Reverse Charge’ and handling it in GST Software.

In this blog we are addressing reverse charge for two specific scenarios and how they are handled in GST Software by Tally – Tally.ERP 9 Release 6

1. Services under reverse charge
2. Advance payment to unregistered dealer

In this blog post, we take you through how our GST-ready software, Tally.ERP 9 Release 6 makes it simple and easy for you to file GSTR-3B.

Topics covered
Introduction to Form GSTR 3B
GSTR-3B filing made simple with GST software Tally.ERP 9
Form GSTR-3B in Tally.ERP 9 ()
 

In this blog, we will discuss how to handle import of services and import of goods, in GST-ready Tally.ERP 9 Release 6.

Topics covered
What does the GST law say?

 
Import of services under GST

As per the 23rd GST Council Meeting, taxpayers are divided into two categories based on their aggregate annual turnover and accordingly dates for GSTR-1 filing have been issued.
Taxpayers with an annual aggregate turnover of up to Rs 1.5 Crores have to file GSTR-1 on a quarterly basis. For the quarter of July to September, they have to file by the 31st December 2017.
Taxpayers with an annual aggregate turnover of more than Rs 1.5 Crores need to file GSTR-1 on a monthly basis. For the months of July to October, they have to file by the 31st December 2017.
 

Introduction
The GST filing period has begun!
“How do I and my tax consultant file GST returns for my business?” – is the one question that is likely to linger on top in your head, among others. This blog suggests the best method for filing returns accurately.
 
Let us begin by making a note of the filing dates for different GST returns for the assessment month of July.

Returns period

GSTR-1

GSTR-2

GSTR-3B

GSTR-3

July 2017

Upto 10 Oct

Upto 31 Oct

25-28 Aug

Invoices are a vital instrument for any business. At Tally, we very well understand that you need to raise different types of GST bill/invoice and this may seem a bit daunting in the GST regime since you are getting used to the new system. Not to worry!
In this blogpost, we will guide you to raise different types of GST Bill/invoice using Tally.ERP 9 and help ensure that you stay GST compliant.
 

GSTR-1 filing related activities have recently completed and the filing process of GSTR-2 is ongoing. The last date for filing GSTR-2 has been revised to Nov. 30 2017 by the government.
GSTR-2 filing using Tally.ERP 9 Release 6.2 can be done easily, quickly and correctly.
 
If you are a business owner, then probably one of your biggest worry is whether you’ll be able to claim all your rightful Input Tax Credit? You want to ensure that your GSTR-2 return does not get rejected in the GSTN portal.

An inconvenient situation awaits business owners and tax consultants after filing GSTR-2 returns. The number of invoices that get reconciled in the invoice matching process can vary from single digit to any number of digits depending on the nature and size of business. Some purchase invoices might have been added, some rejected, some modified or some kept pending for reconciling in the next round of filing.
How does the business owner ensure that his books reflect the same data as exactly as it appears in the updated GSTR-2 which is filed in the GSTN portal?

Introduction
As per the 23rd GST Council Meeting, regular tax payers have to file GSTR-1 and GSTR-3B by end of March 2018. Currently, you must be preparing to file GSTR-3B for the month of November, and GSTR-1 for the months July to October for your clients.
Even though you must be getting data from your clients for GSTR-1 filing in digitized format, you must be facing some challenges. In this blogpost, we will take you through those challenges and share some best practices to overcome these challenges.