Our Blogs
What is GST Reconciliation? A Detailed Guide for 2023 (8/7/2023) - Accurately filing GST returns is not only crucial for small businesses to avoid legal trouble, penalties, and fines but also plays an important role in maintaining their financial reputation and credibility. Here, in this blog we will explain to you in detail how using a GST reconciliation software simplifies GST filing. What Is GST Reconciliation? GST reconciliation is a process of comparing two sets of data entries, mainly details to be submitted on GST portal with acutal sale and purchases… Read More...
Reverse Charge Mechanism (RCM) on GST with Journal Entry [2023] (6/26/2023) - As per Latest RCM Update: These resolutions will take effect upon notification released on 11 July 2023 by the Central Board of Indirect Taxes and Customs (CBIC). 50th Meeting of the GST Council had made the following changes. 1. Raw cotton provided by farmers to cooperatives, including kala cotton, will now be subject to taxation under the reverse charge mechanism. 2. Services rendered by a company's director to the company in an individual or personal capacity will not be subjected… Read More...































































































































































































































































































TDS Entry in Tally with GST [Payable and Receivable] 2023 Quick Guide (9/15/2023) - Passing TDS Journal Entry are among the most common yet slightly complex transactions to record in accounting software like Tally. This blog will discuss passing TDS receivable, payable and payment entry in Tally Prime and HostBooks Accounting software. Here are the Two major types of entries to pass while booking TDS. TDS Payment Entry Whenever you are making a payment after deducting TDS, here is the entry you need to… Read More...











































e-Invoice Limit Reduced to Rs. 5 Crores w.e.f. 01 Aug 2023 (5/31/2023) - e-Invoicing under GST is getting deeper and deeper into the Indian business landscape as Government is expanding its scope. Recently CBIC (Central Board of Indirect Taxes & Customs) Reduced e-Invoice Limit to Rs.5 Crores w.e.f. 01 Aug 2023. All businesses with a turnover exceeding 5 crores are mandated to generate e-invoices for all B2B transactions. e-invoicing is a slightly complex procedure that requires integration with GST portal for bill generation. Let’s understand in detail the e-invoicing limit under GST rules… Read More...



















