Nil or Zero Rated Supply in GSTR-1
Nil-rated and zero-rated supplies in GSTR-1 return are two of the most essential parts of filing a return. A nil or zero rating implies a
Explore the vast landscape of GST such as GST information in different languages, GST billing software, GST calculator, e-invoicing, e-way bill, reverse charge mechanism (RCM), input tax credit (ITC), GST filing, GST return, GSTR, HSN code, finance, taxation and more.
Whether you’re a business owner, tax professional, or someone eager to stay informed, CaptainBiz is your go-to resource for GST guidance and billing software.
Nil or Zero Rated Supply in GSTR-1
Nil-rated and zero-rated supplies in GSTR-1 return are two of the most essential parts of filing a return. A nil or zero rating implies a
Challenges and Best Practices for Bill-to/Ship-to Transactions in GST
Bill-to or ship-to transactions are being considered to be heavily challenging during filing. It is understandable, as people do have to understand the tougher aspects
Should You Outsource GST Billing For Your Business?
As a business owner, you always look for ways to streamline your operations and reduce costs. One of the ways to do this is by
Essential GST Tools and Resources for Businesses
GST has introduced simplicity and transparency to the tax landscape. Still, it also brings challenges for businesses, including return filing, tax payments, input tax credit
Future of GST Billing Software: Al, Machine Learning, and Beyond
Technology is a crucial driver for operational efficiency in the ever-evolving business landscape. Among the transformative technological advancements, Goods and Services Tax (GST) billing software
Legal Provisions and Penalties Associated with E-waybill Non-Compliance
The 2021 report titled “E-Waybill – A Three-Year Journey” highlighted the substantial impact of the e-waybill system on tax compliance and overall goods transportation. The
HSN Code vs. SAC Code: Understanding the Difference
Business owners and service providers must accurately determine the HSN code or SAC code applicable to their products or services. These codes must be correctly
India’s MSME Sector: A New Dawn with Budget 2024’s Transformative Measures
Introduction On February 1, 2024, as India’s Finance Minister Nirmala Sitharaman unveiled the much-anticipated Budget 2024, the corridors of small and medium enterprises buzzed with
GST Calculation Formula: A Comprehensive Guide For Sales And Purchases
Introduction to goods and services tax (GST) GST is also claimed to be a form of indirect tax that is to be paid on the
How To Pass Accounting Entries Under GST
Introduction to GST and Accounting Entries While we are all familiar with the concepts and calculations of GST, the key elements of GST remain on
Challenges And Best Practices In Managing Place Of Supply For Imports: Accuracy And Compliance
Introduction Businesses, both old and new, need to have a thorough understanding of the place of supply, as it holds significant importance in national and
Advantages of E-waybill: Efficiency, Transparency, and Reduced Checkpoints
In October 2023, the E-waybill system hit a record high, with 10.3 crore electronic permits generated for transporting goods across states. This surpassed the previous
Role of E-waybill in Curbing Tax Evasion and Ensuring Compliance
In 2020, Chartered Accountant Chirag Chauhan asserted to The Hindu Business Line that the introduction of e-waybills led to a significant 80% reduction in tax
The Indian taxation landscape, governed by the Goods and Services Tax (GST), demands strict adherence to compliance protocols. To meet these requirements, businesses need meticulous
Types of Transactions Requiring E-waybill: Inter-state and Intra-state Movements
The Goods and Services Tax (GST) regime, introduced on July 1, 2017, heralded a transformative era in India’s indirect tax sphere. Central to this tax
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