Author: Saju

  In normal course business we sells goods and service as a combination or bundle.Such as combination of goods or combination of services or combination of both goods and services as part of the primary goods. For example A Insurance…

You can create party ledgers with whom you purchase and sell goods and services, with the GST registration details. From Release 6.3.2, you can set GST rates in the ledger grouped under non-revenue accounts, for example, Current Assets and Current Liabilities . If you…

Composition scheme is the tax payment scheme introduced by GST council in order to reduce the tax burden of small business owners with the annual turnover of less than 1 (one) crore. ( In north  eastern states and Himachal pradesh…

Every registered tax payer under GST regime selling taxable goods shall file GSTR-1 return through GST Portal. All the details of outward supply of goods shall be furnished through the GSTR-1 return.The businesses having turnover up to 1.5 crore can…

The e-Sugam feature under GST is provided for Karnataka. When you obtain the e-Sugam number for a transaction, you can enter it in the invoice or in the e-Sugam report. The e-Sugamnumber can also be printed in the invoice. Recording a sales invoice…