Gst Enable Accounting Software

  What is GST Registration and who requires it to register? Goods and Services Tax (GST) has been implemented in India since 1 st July, 2017. So, it is very important to know about the GST and GST registration. GST registration is the process of obtaining a unique number from the tax authority of India for collecting tax on behalf of Indian government. In GST taxation system, any business which carries taxable supply of goods or services whose annual turnover exceeds the limit of twenty lakhs (However, it is ten lakhs for North-East and other Hilly states of India) needs to register for GST.  Apart from that those persons who was already registered for excise, VAT, service tax or for any other pre-GST law also needs to be registered under GST irrespective of their turnover. Moreover, a casual taxable person, non-resident taxable person, suppliers with inter-state sales even having turnovers less than prescribed threshold, e-commerce operator, etc. also needs to be registe...

Is GST has become a boon or a burden for Small Enterprise Business? Goods and Services Tax (GST) is implemented in India on 1 st July 2017 after a decade of debate and discussions. It is implemented with an aim of “One Nation, One Tax”. It is said that GST will be the biggest tax reform of India since its independence. GST has now replaced all the existing indirect taxes by Central GST, State GST and Integrated GST. It is believed that the implementation of GST will help the small enterprise to over-come the burden of double taxation. But the question is that after the four months of GST implementation whether it has proved to be a boon or a burden for the small enterprise business. Does a small enterprise require a GST enabled accounting software? GST has brought radical changes in the taxation system of India and has given some basic guideline that every business must follow to comply with. It became absolute necessary to keep proper record for accurate tax declaration. ...