Goods & Services Tax (GST) Updates

[Sushubh]

software companies aur CAs ki aish ho gayi is saal.

people using old software would all need to upgrade to newer updated solutions.

 

[Nishant]

Yup. I wonder if Tally is still around.

 

[Sushubh]

one of my relative used this:
BUSY Accounting Software with Inventory, Billing, VAT, Excise, Service Tax & TDS
very long time ago.

 

[Nishant]

They're still around.

Goods and Services Tax - GST- India | Tally for GST

 

[Sushubh]

TCS EX used to be one of the most popular platforms in the 90s I think. It has practically disappeared.

Amish is on this thread. He might have a clue 😀

 

[amish]

Yup. I wonder if Tally is still around.

Tally still around? I thought tally was only thing used by most small businesses.

Is there any good alternative?

 

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[Nishant]

Few years back, the demand for it's *ahem* versions were very high. These days no one asks for it. Maybe people have started buying it? Not sure 😛

 

[amish]

Yes demand is now less because tally moved to cloud based model.

So pirated version will no more work.

Whoever wanted "ahem" version ...they are continuing to use it but they can no more upgrade.

 

[Sushubh]

Jaguar Land Rover passes GST benefit to customers, prices down by up to Rs 10.9 lakh

 

[Sushubh]

Source


Source

 

[amish]

Does this mean that tax rate will NOT be > 10%

 

[Sushubh]

Source


Source

 

[Sushubh]

Anger over GST impact on differently abled

 

[Sushubh]

1. Packaged food items sold under registered trademarks will be taxed at 5 per cent.
2. Footwear below Rs 500 to be taxed at 5 per cent, over Rs 500 at 18 per cent.
3. Zero tax for Silk, jute
4. Apparel below Rs 1,000 to be taxed at 5 per cent, over Rs 1,000 to be taxed at 12 per cent
5. Gold to be taxed at 3 per cent and biscuits at 18 per cent, says PTI quoting sources.
6. Cotton and natural fiber will be taxed at 5 per cent and man-made at 18 per cent.
7. Solar panels will be taxed at 5 per cent under GST.
8. Bidis will be taxed at 28 per cent under GST and will not attract any cess, Tendu leaves at 18 per cent.

GST Council decides tax rates for six goods: Here is the list of items

 

[Sushubh]

Higher GST to make textiles costlier, industry laments lack of uniformity