Key Highlights of Union Budget 2024-25 – Changes under the Income Tax Law
Direct Tax India is growing at an accelerated pace and people are undertaking multiple financial transactions. The Income Tax Department has established a robust framework of reporting of taxpayers'
Read More
Key Highlights of Union Budget 2024-25 – Changes under GST Law
The Finance (No.2) Bill, 2024 has proposed changes in the CGST Act, IGST Act, UTGST Act and GST (Compensation to States) Act, 2017 through Clauses 110 to 146 of the Bill in CGST Act 2017, through.....
Read More
Highlights of Interim Budget 2024-25 regarding GST
The Hon’ble Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Interim Budget 2024-25 in Parliament today asserted that by unifying the highly fragmented i
Read More
UNRAVELING TABLES 14 AND 15: AN INNOVATIVE PHASE IN GSTR-1 REPORTING
The Goods and Services Tax Network (GSTN) ushers in a transformative update to the GSTR-1 return, unveiling two pivotal tables – Table 14 and Table 15.
Read More5 New Capabilities of TallyPrime that Simplifies GST Compliance for Your Business
The latest release of TallyPrime is loaded with key features such as GST reconciliation ( GSTR-2A, GSTR-2B, and GSTR-1), multi-GSTIN support in a single company, powerful report filters, and..........
Read More
Key Recommendations of the 52nd GST Council Meeting: All You Need To Know
Key Recommendations of the 52nd GST Council Meeting: All You Need To Know 📌 A. Recommendations relating to GST rates on goods and services: 📢 I. Changes in GST rates of goods: ➡️ GST rates for "F
Read MoreE-invoice Rejections & Resolutions
NIC has published the following error codes, error message, the reasons for the errors and the corresponding resolutions to help you resolve errors faced during e-Invoice upload to the NIC portal.
Read MoreGuidelines for e-Invoice with TallyPrime 3.0
Register TallyPrime for Tally GSP Service only in case your business need E-invoice or not registered E-way bill Online Service in TallyPrime.
Read MoreCritical Challenges for Chartered Accountants related to the new e-Invoicing System
In the recent update, from 1st August 2023, e-Invoicing will be essential for all the registered persons whose aggregate turnover in any prior fiscal year from 2017-18 onwards exceeds 5 crores.
Read MoreWhat are GSTR-2B and GSTR-2A statements?
GSTR-2A is a statement of inward supplies for the taxpayer. GSTR-2B is also an auto-populated ITC statement, similar to GSTR 2A...
Read MoreGSTR-2A and GSTR-2B reconciliation in TallyPrime
GST reconciliation in TallyPrime is so simple that by just uploading the GSTR2B/2A statements, the books’ data will be automatically reconciled with the statement
Read MoreSale of small plots of land with development work is not taxable under GST.
The AAAR, Karnataka, in the matter of M/s. Ms. Rabia Khanum [KAR/AAAR /02/2023 dated February 14, 2023] has upheld the advance ruling passed by AAR, Karnataka and held that the amounts received by the
Read More