/** * The main template file * * This is the most generic template file in a WordPress theme * and one of the two required files for a theme (the other being style.css). * It is used to display a page when nothing more specific matches a query. * E.g., it puts together the home page when no home.php file exists. * * @link https://developer.wordpress.org/themes/basics/template-hierarchy/ * * @package WordPress * @subpackage Tally * @since 1.0.0 */ ?>
The various types of GST configurations available in Tally Software are:
As part of the primary configurations, the users can choose the configuration as either ‘GST Applicable’ or ‘GST Not Applicable’. If selected as ‘GST applicable’, then the further configurations can be enabled
Apart from all the above configurations discussed above for outward supply related ledgers, an additional configuration is available with respect to Input tax credits, which facilitates the selection as ‘Is ineligible for input credit?’ It can be selected as ‘Yes’ in case of blocked credits like GST paid on purchase of motor vehicle, restaurant services, rent a cab services, etc. By doing so the input tax credits will get reflected under the category of blocked credits (Section 17(5)) under the return reports.
To read more, please click on e-book-Bookkeeping and Record Keeping in GST
(A Question & Answer based representation of the Subject) by CA. Annapurna Srikanth, B.Com, FCA, DISA, CS
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
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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.
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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..........
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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
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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.
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