best gst billing software kerala

 What is GST? Multi-stage There are multiple change-of-hands an item goes through along its supply chain: from manufacture to final sale to the consumer. Let us consider the following case: Purchase of raw materials Production or manufacture Warehousing of finished goods Sale to wholesaler Sale of the product to the retailer Sale to the end consumer

ASTER BILLING GST Exemption: A Brief Overview The introduction of GST in India is a revolutionary step that is expected to cure all the ailments the existing complex tax structure is suffering from. It is primarily conceptualized to replace various sorts of taxes levied by the central and state governments with a well-defined tax structure. As opined by several tax specialists, the implementation of GST Act would earmark a new era of glory for the enterprises. Nonetheless, we must acknowledge that the theory of “one nation, one tax” might sound not-so-convincing to the businesses with limited availability of resources..Hence the need of classifying businesses (as per their annual turnover) was felt across the country. That’s why, the Central Government, in consultation with Goods and Services Tax Council (GSTC), decided to set the criteria on which taxpayers or businesses can be classified (so as to decide who all are liable to pay GST).The concept of GST threshold exemption soon ...

Aster billing GST Return Rules Every GST-registered person or business entity needs to file Return in GST regime either on a monthly (normal supplier) or on a quarterly basis (those suppliers which are opting for composition scheme). An ISD (Input Service Distributor) will have to file monthly returns in GST regime which must show the details of credit distributed during a particular month. A person/company required to deduct tax (TDS) and persons/companies required to collect tax (TCS) will also have to file monthly returns in GST regime which must show the amount deducted/collected tax. A non-resident taxable person will also have to file returns in GST regime for the period of commercial activity undertaken. As per GST rules and regulations in India, GST-registered taxpayers have to file the details of outward supply in Form GSTR-1, which must include: Invoice wise details of all Inter-State and intra-State supplies made to registered persons. Inter-State supplie...

Aster billing Compilation of GST Rules and Regulations After a stint of enriching debates, the road to GST roll-out is quite clear as the Indian Parliament has passed the bill with all the necessary amendments. It is speculated that GST would be implemented w.e.f. July 1st, 2017, and this destination-based taxation system would pave way for more prospective common national market apart from ensuring benefits galore for taxpayers, businesses, and consumers in the country. However, to ensure smooth implementation and enforcement, the pursuit of creating mass awareness regarding GST rules and regulations in India becomes paramount. Herein, it is important to educate all the indirect tax officers of States and Centre who can ensure smooth enforcement and implementation of GST rules and regulations. Similarly, it is equally imperative to create enriching awareness of GST regulations among the taxpayers. Discussed below are key GST rules that you need to know. GST Registration ...