The GST Payment of Tax

30. December 2020By amitmundraBriefly explained

The payment of Goods and Services Tax (GST) online has made the process of tax payment easy and transparent. As a registered taxpayer of GST, you have access to three electronic ledgers, i.e. electronic liability ledger, electronic cash ledger, and electronic credit ledger. The first step for making the payment of GST is to generate … Read More

Launching Live Version: Multi-User Accounting System – Supporting Collaboration & Team Work – Press Release

23. December 2020By amitmundraAccounting Software, Briefly explained

Bengaluru, India, December 23th, 2020 – Accounting is an integral part of business operations. It determines the sustainability and growth of an enterprise. Today, the world is driven by technology; In an era like this, it is crucial for business owners to manage their accounting system wisely. Businesses must focus on building a more substantial … Read More

GST Billing Software – Purchase Invoice

18. December 2020By amitmundraBriefly explained

Modern SMEs rely on automation to stay on top of today’s cut-throat competition. Imprezz is India’s leading GST billing software that offers all-in-one small business accounting solutions for small and medium-sized enterprises. There are various official documents that business issues daily, one of which includes the invoices. Invoicing online is one of the easiest ways … Read More

Mixed Supply and Composite Supply under GST

6. December 2020By amitmundraBriefly explained

The GST Council of India has incorporated new concept of supply into the tax regime. On certain occasions, a combination of goods or services is provided together. Vendors might do this to attract more customers. At times, specific goods are grouped due to their similarities. Earlier, this mechanism was known as packed goods or services. … Read More

GST E-Invoice Part-2

1. December 2020By amitmundraBriefly explained

The Goods and Services Tax (GST) e-invoice is a digitally generated invoice for the business transactions recorded on the government portal. The concept of GST e-invoice schema is expected to curb GST tax evasion. The authorities working for GST Council have officially provided a standardized digital billing system for businesses to generate e-invoices for each … Read More

GST E-Invoice Part-1

25. November 2020By amitmundraBriefly explained

GST e-invoice has become a point of discussion among businesses and taxpayers in India. When any goods or services are transported from one place to another, the transaction is facilitated by filing invoices or e-way bills on the government GST portal. In the 35th meeting held by the GST Council, the government decided to implement … Read More

Basics: GST Laws and Rules Part -3

24. November 2020By amitmundraBriefly explained

The Goods and Services Tax (GST) has brought significant changes in the Indian economy. It has been consistently reshaping the tax calculation system. However, it has also confused taxpayers and people in business concerning the GST laws and rules. The new GST tax system has eliminated the cascading taxes on the supply of goods and … Read More

Basics: GST Laws and Rules Part -2

21. November 2020By amitmundraBriefly explained

The Goods and Services Tax (GST) is an indirect tax regime that has replaced several indirect taxes in India. The GST laws and rules on goods and services were approved in the Parliament on March 29th, 2017, and came into force on July 1st, 2017. Any supply of goods or services is subject to GST. … Read More