GST center

GST center

your new best friend in helping

business behind from

production to marketing

Software to fuel your growth and build deeper relationships, from
first hello to happy customer and beyond

 

GST Center

GST Center-With the GST floating on the air, we have extended our learn and support domain in sorting out everything about GST

  • Automatically calculate GST/CGST/IGST& sales tax rates
  • Sales tax rates for whatever your business needs
  • Set tax rates, tax groups for easy invoicing
  • File taxes online with automated(simple GST, IGST & CGST or any sales tax)

Gst Guide Center

  • GST compliant invoice
  • GST Registration
  • Transition to GST
  • FAQ on GST

GST Compliant Invoice

Invoice are central to the GST regime. In the past, invoices were needed for a business to get paid. In GST, every purchase by a business needs to match with a sale by another business-invoices therefore, become key for businesses to avail of various benefits under GST and for filling returns.

When should an invoice be raised:

Any registered business who supplies a product or service should raise an invoice under GST. There are some special cases when an invoice needs to be raised even though a “sale” might not be involved.

  • By a business on itself – reverse charge – when its supplier is not registered under GST
  • Movement of goods between two branches of a business in different states

What should be included in an invoice:

The GST Council has specified the mandatory information that needs to be included in an invoice.
These include

GSTIN of the supplier

GSTIN of the customer

HSN or SAC code of the product(s) or service(s) respectively

Description, value, amount and tax rates of product(s) or services(s) delivered

Place of supply

Date

An invoice needs to be issued in triplicate for sale of goods and in duplicate for services delivered.

What GST to apply:

GST specifics 3 taxes – SGST (State GST), CGST (Central GST) and IGST (Integrated GST). As a general rule, sale of goods or service within an state will attract SGST and CGST, while sales of goods and services from one state to another will attract IGST. However, it can be often tricky to determine exactly which taxes will apply depending on the nature of sale (movement of goods and services between branches in two states) and place of supply (delivery of digital service across multiple locations at the same time). Businesses should consult their accountant(s) to determine the specific tax application for each transaction.

Finally, businesses need to upload their invoice details to the GSTN (GST Network). The invoice itself does not need to be uploaded to GSTN – all that is needed is the transaction details to be made available to the GSTN.