IMS Outward Supply in Gen GST Software for Taxpayers
SAG Infotech - GST Articles
by Ribhu Sharma
1w ago
In the fast-paced environment of GST compliance businesses are mandated a streamlined system for handling their outward supplies efficiently. An effective Inventory Management System (IMS) has been proposed by Gen GST software developed by SAG Infotech which eases the tracking of outward supplies, managing invoices, and ensuring seamless GST compliance. What is an Outward Supply […] The post IMS Outward Supply in Gen GST Software for Taxpayers first appeared on SAG Infotech Official Tax Blog ..read more
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How to Respond to a GST Notice for Dual Jurisdiction (SGST & CGST)
SAG Infotech - GST Articles
by Arpit Kulshrestha
1w ago
In 2017, the Goods and Services Tax (GST) was introduced in India. The objective was to consolidate indirect taxes under a structure shared by the Central and State Governments. However, issues often arise when both central and state authorities attempt to levy taxes on the same case, leading to dual jurisdiction conflicts. Proceedings were restricted […] The post How to Respond to a GST Notice for Dual Jurisdiction (SGST & CGST) first appeared on SAG Infotech Official Tax Blog ..read more
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A Clear GST Guide to Intra-State E-Way Bill Rules in India
SAG Infotech - GST Articles
by Arpit Kulshrestha
1w ago
Under the Goods and Services Tax (GST) regime in India, the e-way bill is a significant compliance possess. It ensures the facilitated movement of goods and averts tax evasion. The blog provides a detailed overview of GST intra-state e-way bill prerequisites for tax professionals, including threshold limits, exemptions, notifications, and other relevant details. GST E-Way […] The post A Clear GST Guide to Intra-State E-Way Bill Rules in India first appeared on SAG Infotech Official Tax Blog ..read more
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New Categories for GST ITC Rejections in the GSTR-2B Module
SAG Infotech - GST Articles
by Arpit Kulshrestha
3w ago
The Goods and Services Tax ( GST ) ecosystem from January 2025 will see a significant update with the rise in the GSTR-2B Excel module. The making of GSTR-2B an auto-drafted ITC statement is for furnishing clarity to the taxpayers for their eligible and ineligible ITC. The same documents are generated monthly for the normal […] The post New Categories for GST ITC Rejections in the GSTR-2B Module first appeared on SAG Infotech Official Tax Blog ..read more
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GST Portal New Functionality for Furnishing FY 2025-26 LUT
SAG Infotech - GST Articles
by Arpit Kulshrestha
3w ago
The Goods and Services Tax Network (“GSTN”) has allowed the operation to file a Letter of Undertaking (“LUT”) for the FY 2025-2026 on the GST Portal. Under rule 96A, the letter of Undertaking or LUT would specify to be filed via form GST RFD 11 in which the exporter shows that he or she will […] The post GST Portal New Functionality for Furnishing FY 2025-26 LUT first appeared on SAG Infotech Official Tax Blog ..read more
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IMS Summarized ITC Claimed Report in the Gen GST Software
SAG Infotech - GST Articles
by Ribhu Sharma
3w ago
What does IMS stand for? The mentioned functionality is said to be an effective rise in the ITC ecosystem of GST. Merely the accepted invoices through the receiver shall become part of their GSTR-2B as their eligible ITC. Hence the IMS shall furnish the taxpayer a chance to review the authenticity of the received invoices. […] The post IMS Summarized ITC Claimed Report in the Gen GST Software first appeared on SAG Infotech Official Tax Blog ..read more
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Unutilized Tax in Cash Ledger for GST Returns: Next Steps
SAG Infotech - GST Articles
by Arpit Kulshrestha
1M ago
In India Goods and Services Tax ( GST ) is been made to ease indirect taxation while ensuring compliance. One recurring problem suffered is the interest demand towards the deposited tax amounts in the Electronic Cash Ledger ( ECL ) though not set off while submitting the GST returns. The blog analyses the statutory nuances […] The post Unutilized Tax in Cash Ledger for GST Returns: Next Steps first appeared on SAG Infotech Official Tax Blog ..read more
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GST Demand Recovery from Debtors: Section 79(1)(c) Guide
SAG Infotech - GST Articles
by Arpit Kulshrestha
1M ago
In this article, SAG Infotech explains how the GST Department recovers tax amounts from debtors under Section 79(1)(c) of the CGST Act 2017. Speaker Om Birla cited that the world learns from the tax system of India. Under GST the whole country has to pay the uniform indirect taxes. Before that, each state had its […] The post GST Demand Recovery from Debtors: Section 79(1)(c) Guide first appeared on SAG Infotech Official Tax Blog ..read more
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Essential GST Terms Every Business Taxpayer Should Know
SAG Infotech - GST Articles
by Arpit Kulshrestha
1M ago
With the Goods and Services Tax (GST) implementation on July 1, 2017, businesses in India have experienced a thrilling shift. The same amendment has substituted a complex system of various indirect taxes with a single tax structure (One Nation, One Tax), particularly impacting cost, compliance, and functional effectiveness. GST objectives were to improve the operation […] The post Essential GST Terms Every Business Taxpayer Should Know first appeared on SAG Infotech Official Tax Blog ..read more
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Avoid 8 Errors Before Applying GST Rates to Your Product
SAG Infotech - GST Articles
by Arpit Kulshrestha
1M ago
The indirect tax structure in India has been streamlined by the Goods and Services Tax (GST) however the making of the GST rate list has provided complexities for companies and individuals alike. The GST rate list cites the tax fees for special items and services, varying from 0 to 28 per cent. The SAG Infotech […] The post Avoid 8 Errors Before Applying GST Rates to Your Product first appeared on SAG Infotech Official Tax Blog ..read more
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