Invoicing is a crucial aspect of tax compliance for every business. It is essential to be aware of the rules of invoicing under GST. Let us understand these in detail.
Every registered taxable person has to furnish outward supply details in Form GSTR-1 (GST Returns-1) by the 10th of the subsequent month.
Release 5.5 will help you ensure that the right taxes are charged, the right tax rate is applied and the right tax amount is calculated and paid after taking the right input credit.
Your tax returns will always match your books of accounts.
Your books of account will be 100% accurate with complete information. This is possible through in-built checks that support you to detect and correct errors in transactions.
Have complete visibility of your sold, available stock and total input credit against each ledger - helping you to quickly reconcile your books with your business parties.