How To record transactions Under GST
Since Good and Service Taxes or GST came into existence with the agenda ' One Nation One Tax', business owners have faced confusions and challenges in the realm of transaction and keeping the records of financial details. Whether it is a small business or a large one, every business have to keep the details of each business transaction. You have to record each sales invoice and purchase invoice systematically. And under the GST, one has to submit the summary of sales and purchases along with tax due and input tax credit on monthly basis to the Government. The process of keeping these records manually a cumbersome and required doubling of the efforts bu, thanks to the bookkeeping software , one doesn't have to worry about recording the details of all the transactions one has made. With the best bookkeeping software , you can easily accomplish the the data that required in respect of sales, purchases, tax due and input tax credit for the purpose of e-file your GST retu...