Tally Solutions

A Return outwards Journal or purchase returns journal or purchase debit day book is a prime entry book or a daybook which is used to record purchase returns.

A Return inward Journal or sales returns journal or sales credit day book is a prime entry book or a daybook which is used to record sales returns.

Goods and Services Tax or GST was introduced across the country on July 1, 2017. GST is a single tax that replaces several indirect taxes levied by both the State and the Central government.

A journal is the book of original entry or prime entry in which transactions are recorded from the books of accounts from the source documents.

The registration process for obtaining GST Registration certificate can be easily understood from the three-step process outlined.

Financial statements are reports prepared by a company’s management to present the financial performance and position at a point in time.

Bookkeeping or original books of entry is a component of accounting that interprets and analyzes the record of financial transactions to generate reports.

HSN stands for Harmonized System of Nomenclature which was developed by the World Customs Organization (WCO) with the vision of classifying goods all over the World in a systematic manner.

Bookkeeping is a task concerned with the recording of financial data relating to business operations in a significant and orderly manner. It envelopes all the procedural aspects of accounting

Learn more about Concept of Reverse Charge mechanism in GST & this charge mainly more tax compliance and increased tax revenues. This article will explain about GST Reverse charge.

This bookkeeping means recording, classifying and summarizing business transactions systematically so that the businessman may be able to know his profit or loss during a specified period.

In GST regime, a nationwide E-way Bill portal namely www.ewaybillgst.gov.in has been implemented w.e.f. 01.04.2018.