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Under GST, a tax invoice is an important document which not only evidences the supply of Goods and Services but also an essential document to avail input tax credit. A registered person can not avail input tax credit if he is not in possession of invoice. Further, GST is chargeable at the time of supply and invoice indicates time of supply as time of supply is the date of issuance of invoice or receipt of payment, whichever is earlier. Thus adequately we can say that Tax invoice is principal document evidencing the supply and important to avail input tax credit. It is seller's duty to provide the bill to the purchaser whether the purchaser is GST registered or not. For further information, visit us at LegalWiz.in or contact our experts at 1800 313 4151

New Tax Framework under the Goods and Services Tax (GST). New Tax rates have been finalised for 1,211 items with a majority of items being kept under the 18 per cent slab. Here's a Complete list of GST rate card. Nil rate (0%): No tax will be imposed on items like fresh meat, fish chicken, eggs, milk, butter milk, curd, natural honey, fresh fruits and vegetables, flour, besan, bread, prasad, salt, bindi. Sindoor, stamps, judicial papers, printed books, newspapers, bangles, handloom etc. 5%: Items such as fish fillet, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spices, pizza bread, rusk, sabudana, kerosene, coal, medicines, stent, lifeboats will attract tax of 5 percent. 12%: Frozen meat products , butter, cheese, ghee, dry fruits in packaged form, animal fat, sausage, fruit juices, Bhutia, namkeen, Ayurvedic medicines, tooth powder, agarbatti, colouring books, picture books, umbrella, sewing machine, and cellphones will be under 12 per cent tax slab. 18%: Most items are under this tax slab which include flavoured refined sugar, pasta, cornflakes, pastries and cakes, preserved vegetables, jams, sauces, soups, ice cream, instant food mixes, mineral water, tissues, envelopes, tampons, note books, steel products, printed circuits, camera, speakers and monitors. 28%: Chewing gum, molasses, chocolate not containing cocoa, waffles and wafers coated with choclate, pan masala, aerated water, paint, deodorants, shaving creams, after shave, hair shampoo, dye, sunscreen, wallpaper, ceramic tiles, water heater, dishwasher, weighing machine, washing machine, ATM, vending machines, vacuum cleaner, shavers, hair clippers, automobiles, motorcycles, aircraft for personal use, and yachts will attract 28 per cent tax - the highest under GST system.

From past experience, I made some parameters and consider it before choosing any GST software. Some of them as follows: It must be available at rates that are competitive. For each financial transaction, invoices must be produced in real-time individually. Friendly interface for consumers. Advanced tools must be used to configure the mobile app. All invoices and other data must be stored in the cloud to allow users to access it at any time from anywhere On the basis of the above guideline, I am using BTHAWK as one of the best GST Billing Software and a Complete Accounting Solution for my running ventures.

Its very complex to choose good GST filing software as numerous accounting software apps available on the market. Before buying a particular GST Software, there are so many vital points to consider.I purchased BTHAWK on the basis of the above guideline and used it for the last 10 months. For each accounting task, I use BTHAWK from billing to filing GST and other online tax returns from time to time.

GST is basically an indirect tax substituted by a variety of indirect taxes in India. GST is a tax levied on products and services. It was actually passed on March 29, 2017, in Parliament, but the act came into force in India on July 1, 2017. GST is defined as the sales tax that requires businesspeople whose annual turnover exceeds Rs. 40 lakhs to register as a taxable person. The regulations apply to anyone purchasing the same goods and services priced in India. I have been visiting the BTHAWK website for my various new projects for the last 10 months to get GSTIN (Goods Service Tax Identification Number) numbers.

BThawk provides the best GST billing software in India. In Which you can file your income tax, GST return online with the dedicated tax expert support.

Yes, it is possible to obtain another GSTIN with a different company name in the same state, having a different line of business as GST Registration is PAN based and State specific registration. Every business has distinct PAN number which can be used to obtain GST registration in same state in case of different business activity. For further information, visit us at LegalWiz.in or contact our experts at 1800 313 4151

I am using one of the finest GST Billing Software and Complete Accounting Solutions named BTHAWK. I am using it for every task related to accounting starting from generating bills in real-time till the preparation of financial statements like Trading P&L, Balance Sheet, etc. Via BTHAWK, I able to manage inventory more efficiently. Besides this, BTHAWK also helps me in filing GST returns and other tax returns online.

GST Registration is a lengthy process as it requires so many documentation activities but, through GST Registration Service Provide by BTHAWK helps you to get your business register as soon as possible and let you focus hassle-free on other core business activities.

With growing digitization, people preferring more automate accounting systems instead of manual accounting systems. Earlier, they used to do make bills by writing on blank paper and its too time-consuming activity. But, nowadays, there are numerous GST Billing Software available online who takes the responsibility of doing every activity related to accounting. Accounting task means, every task starting from generating bills in real-time till preparation of financial statements like Trading P&L, Balance Sheet, etc. Invoice app considers essential tools for every type of organization who records receivable and payable money by running an income report which can have your income data, incorporate paid, pending and draft invoice. For the last 10 months, I am using one of the GST Accounting Software for doing every task related to accounting named BTHAWK. It helps me generating an invoice in real-time and also able to share invoices on WhatsApp with clients.

As per the Maharashtra Shop and Establishment Act 2017, every firm which employs 10 or more than 10 workers must obtain a license under the act. In your case there is only one employ so it is not mandatory at the initial stage of your business activity. Once the number of employees increases to 10 or more then you can get a license for your boutique under the act. MSME at the initial stage of business is a good option, but many firms face problems for current account opening as MSME is registration is not sufficient for banks as documentary evidence for current account opening. Banks sometimes may ask for Gumasta License or GST Registration for current account opening depending upon their banking policies. For further information, please contact our experts at 1800 313 4151 or through mail at support@legalwiz.in

Every person who is liable to pay tax in accordance with the provisions and fails to pay such tax shall pay interest on default amount. Further, a taxable person who makes an undue or excess claim of input tax credit shall pay interest on such undue or excess claims.

There are many accounting resources available on the market and every accounting app having the same primary goal is to make every task related to accounting easier than before. Earlier people used to do manual accounting but after introducing such incredible tools, they are switching themselves to the automated accounting systems. From the last 10 months, I am using one of the finest accounting software named BTHAWK. It's one of the best GST Billing Software and Complete accounting solution for my running business.

Import Export Code, commonly known as IEC is a 10 digits code allotted by Directorate General of Foreign Trade to the entities engaged in international business. Application for IEC code registration is online and centralised process under DGFT. With simple documents requirements, the application is made on the web portal. The steps to file the application are mentioned below in brief: The very first step and of course necessity is the business set up and its registration such as GST registration or Shop & Establishment Registration, etc. The applicant is required to make an application for allotment of PAN in case other than sole proprietorship. Once the PAN card is allotted, current bank account in name of business is opened. On collection of requisite documents (mentioned in later part of the answer), the applicant can proceed to next step. The applicant must obtain Digital Signature Certificate (DSC) to sign the online application. Upon obtaining DSC and requisite document, the application for Import Export Code registration is made online on the portal allotted. The competent officer will review the application filed. If the application and the documents are founds satisfactory, the officer may allot the code or ask for additional information or documents. General documents list for import export code registration online: PAN Card of the Applicant Passport Size photograph of the applicant Cancelled Cheque Address proof of the Business (Constitutional documents such as Partnership Deed, MoA AoA or LLP Agreement, as the case may be should be furnished in addition to above.) The IE Code is PAN based with lifetime validity. Therefore, the concerned business entity is not required to either renew or make separate applications for the branch offices. Also, the registration does not require any further compliance or return filing. For further information, please contact our experts at 1800 313 4151 or through mail at support@legalwiz.in

A sole proprietorship business is not governed by a specific law and does not require any registration. However, the basic requirement is to open a current account in business name. Therefore, the business must obtain the registration so as to provide supportive KYC document. Necessary or incidental registration requirements are following: MSME Registration GST Registration Shop & Establishment Registration Professional Tax Registration Activity based registration such as FSSAI or factory registration For more details you may visit Starting Business as Sole Proprietor - Popular Business Type To register you sole proprietorship, visit us at https://www.legalwiz.in/register...

I am looking for a simple accounting app ,my business has only under around 30 transections per day Bonus if it can be exported in excel /sheets. As you are looking for a simple accounting app, then, I advise you to have a look at BTHAWK - Complete Accounting Solution. I am using it for the last 10 months for every task related to accounting, starting from generating invoices in real-time till preparation of financial statements like Trading, P&L, Balance sheet, etc. BTHAWK also help me in filing GST and income tax returns online from time to time.

I felt bad as your helper left suddenly. But don't worry, we have the solutions. Try out some bookkeeping Softwares available in the market who is a perfect replacement for an accountant. But, at the same time, it's very difficult to find the finest bookkeeping software. I found BTHAWK as one of the finest GST billing Software and Complete Accounting solutions for every type of business. I am using it for the last 10 months for my bookkeeping activity. It's very beneficial to me.

I am using one of the bestGST Billing Software named BTHAWK. It helps me everywhere, starting from generating invoices in real-time till filing GST returns online from time to time. BTHAWK is very much beneficial for my running business and happy to say this.... BTHAWK is actually a Complete Accounting Solution!