Tally Solutions

GST Council's Recommendationsin 23rd meeting. Know the extended GSTR 1 filing due date, revised GSTR 3B last date, revised GST rate on restaurants and more.

Persons whose turnover does not exceed Rs. 75 Lakhs (in a special category) and Rs. 1.5 crores (in rest of India) have the option to register as composition dealers.

GST on Interest on Delayed Payment by Customer - GST is applicable on Interest charged by suppliers on delayed payments by customers.

Tax Value Calculation When Price is Inclusive of GST - Here is the tax calculation formula along with an example. Click here to read more

Step by Step Process to Change Mobile Number & Email ID in GST- Learn how to update mobile number & email id in GST portal without officer approval

Know Unit Quantity Code - what is UQC, how to report UQC in monthly returns. Here is the list of UQC to be reported during monthly returns.

Know the transportation charges in invoice when the supplier of goods transports goods to the recipient & levies transportation charges in the invoice.

ITC on Outstation Hotel Stay - Accommodation taken in a State where business do not have a registration, will not be able to claim input credit.

GST on Second Hand Goods - For used goods dealers, the margin scheme has been given as an option for paying tax on supply of second-hand goods.

Tax Liability and Input Tax Credit on GTA Service- Know who is liable to pay the tax on GTA service: the GTA or the service recipient.

Certain specified category of persons are liable to pay tax on the reverse charge on transport service taken from a GTA

GST on Advance Payment - Manufacturers & traders are liable to pay GST on advances received from customers. Here is the advance receipt format under gst.