Waybill under Earlier VAT system In order to monitor bulk trade, – which necessarily takes place through trucks – it was mandated under VAT that each such consignment shall be accompanied by a ‘Delivery Note’ which were issued from the VAT offices to the taxpayers. At the end of every…
Intra-State Supply Intra-State is a type of supply of goods or services where the location of the supplier and the place of supply of goods are in the same State or same Union Territory. Intra-state Inward Supply (Local Purchase) Once you activate GST in your company you can record the…
Now, that you have landed on this blog means you are looking to study Tally ERP 9. We all know that Tally ERP is the most common accounting software used around the globe. The reason is it is easy to use; it is multi-ligulae and very fast. Tally as a…
Creating a New Company (Goods) & Activating GST How to create a company? Scenario: Shriram Electronics is a proprietor based company from Mumbai Maharashtra engaged in trading of Electronic Goods across India. They want their business and Company should be GST Ready in Tally.ERP9 We will be creating a new…
What is Goods and Services Tax (GST)? It 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 a setoff. In a nutshell,…