Best billing software in trivandrum

Matching & Reconciliation under GST – Importance & Procedure GST Reconciliation and Matching are not new to any taxpayer. This has been prevalent in earlier VAT and excise regime too. Then, the matching of data between the books of accounts and tax returns was an easy task for many business organisations. If the tax department on processing returns found some discrepancy, communications would be sent to the taxpayer and accordingly further scrutiny and audits would be carried out by the authorities. But under  GST , this process has gained significance as the sanity of the Input tax credit utilised by businesses is monitored by the GST authorities regularly. Also, the taxpayers must on regular basis reconcile their data every month with the data declared by its vendors too. The return filing and processing are semantically automated and the  GST returns  are inter-linked. 1. What is Matching & Reconciliation under GST? Following Mismatches can b...

What is a GST invoice and who should issue one? The GST system has replaced the invoices such as tax invoice, excise invoice and retail invoices with one general GST tax invoice that has to be issued for all sales of goods and services. As a GST registered dealer, you are obligated to provide invoices that are compliant with GST rules and regulations for all supply of goods and services. Mandatory fields of a GST Invoice From July 1st 2017, all tax invoices provided by GST registered suppliers need to contain the following fields: Name, address and GSTIN of supplier; Type of invoice - tax invoice, supplementary invoice or revised invoice; Invoice date, series and number (just as before, a numeric series specific for a financial year); Name, address and GSTIN (if registered) of invoice recipient; HSN or SAC code for goods or services provided; Description of goods or services provided; Quantity and units of provided goods or services; Total amount value...

Aster Billing ASTER BILLING 0471-25455002

ASTER BILLING Here are all the changes in GST rates on goods and what will get cheaper after the new rates come into effect: 1. Reduced from 28 per cent to 18 per cent Washing machines Vacuum cleaners Domestic electrical appliances such as food grinders and mixers & food or vegetable juice extractor, shaver, hair clippers etc Televisions up to the size of 68 cm Refrigerators, freezers and other refrigerating or freezing equipment including water coolers, milk coolers, refrigerating equipment for leather industry, ice cream freezer etc. Storage water heaters and immersion heaters, hair dryers, hand dryers, electric smoothing irons etc Lithium-ion batteries Paints and varnishes (including enamels and lacquers) Glaziers’ putty, grafting putty, resin cements Special purpose motor vehicles. For instance, crane lorries, fire fighting vehicle, concrete mixer lorries, spraying lorries Works trucks (self-propelled, not fitted with lifting or handling equipment) of the typ...

ASTER BILLING What is the GST Bill? A bill is a draft of a proposed law presented to the Parliament for discussion. Once it is passed by the Parliament, it becomes an act. So GST Bill has now become GST Act. Are There Any Changes to the GST Act? The Model  GST law  was first drafted in June 2016 and later revised in November 2016. Lok Sabha has passed the 4 bills with certain amendments. Here is a list of the major changes proposed in GST bill: Applicability of GST Law in the State of Jammu and Kashmir J&K Finance Minister Haseeb Drabu has confirmed that J&K will apply GST. However, since J&K has a separate constitution and has special provisions regarding legislature, CGST & IGST will be passed separately. SGST will be passed separately, similar to the other states. Employer’s Gifts to Employee Will No Longer be Taxed under GST Earlier the supply of goods or services between related persons (made during the course of business) was treated as ...

All States require to use e-way bills for Intra-state movement of goods E-way bill requirement for Intra State movement of goods in  Delhi began from 16th June 2018 . E-way bill operations are compulsory for intra-state movement of goods for  all states except Delhi  with effect from 3rd June 2018 Eway bill operations are compulsory for intra-state movement of goods for Andaman & Nicobar, Chandigarh, Dadar & Nagar Haveli, Daman & Diu, Lakshadweep, Maharashtra and Manipur  from 25th May 2018 eway bill operations are enabled on  trial basis  for the intra-state movement of goods for Odisha  from 23rd May 2018 Roll out of e-Way Bill system for intra-State movement of goods in the States / Union Territory of Arunachal Pradesh, Madhya Pradesh, Meghalaya, Sikkim and Puducherry  from 25 April 2018. On EWay bill generation Now multi-vehicle updation is possible for the e-way bill....

Aster billing What is a GST bill? As a GST registered dealer, you are required to provide GST Invoices, also known as bills to your clients. An invoice or a bill is a list of goods sent or services provided, along with the amount due for payment. You can create GST compliant invoices using Aster Billing Software. How to personalize GST Invoices? Your invoice can be personlaized with your company’s logo and ideas. The Aster Billing allows you to create and personalize and customizing GST Invoice best. What are the mandatory fields a GST Invoice should have? A tax invoice is generally issued to charge the tax and pass on the input tax credit. You can easily create it using the ASTER Billing Software A GST Invoice must have the following mandatory fields: Invoice number and date Customer name Shipping and billing address Customer and taxpayer’s GSTIN (if registered)** Place of supply HSN code/ SAC code Item details i.e. description, quantity (number), unit (meter,...