Understanding how to calculate GST is crucial for businesses and individuals in India. The Goods and Services Tax (GST) is a comprehensive tax levied on the supply of goods and services. It simplifies the tax structure by replacing multiple indirect taxes. A GST calculator is a handy tool that helps compute the GST amount quickly and accurately. It saves
Whether you run a bustling retail shop in Mumbai, a freelance graphic design business in Bengaluru, or a manufacturing unit in Gujarat, invoicing is the lifeblood of your cash flow. Creating a professional bill book format is no longer just a good business practice; under India's Goods and Services Tax (GST) regime, it is a strict legal requirement. A
Summary How can businesses simplify proforma invoice management and ensure compliance? LOGIC ERP helps streamline estimated billing, payment terms, customs documentation, and standardized invoicing for faster and error-free transactions. Contact Us Free Demo Request Table of content Introduction to Proforma Invoice Format Understanding Proforma
Errors related to Place of Supply (POS) and incorrect tax selection are among the most common issues faced while generating GSTR-1 returns. These errors can delay filing, cause compliance risks, and require last-minute corrections. This comprehensive guide explains how to identify, fix, and prevent POS-wise tax validation errors in GSTR-1 using LOGIC
Summary E-invoicing under GST is a mandatory system where B2B invoices are electronically validated through the Invoice Registration Portal (IRP) to generate a unique IRN, making them legally valid. It applies to businesses with turnover above ₹5 crore and ensures real-time tax compliance, auto-reporting in GST returns, and improved transparency. The
Summary GST compliance in FY 2026–27 requires businesses to adopt ERP systems for automation, real-time validation, and seamless integration with government portals. With increasing use of AI-driven compliance systems, ERP enables accurate tax reporting, ITC reconciliation, and audit readiness, helping businesses reduce risks, avoid penalties, and
E-invoicing under GST has become a cornerstone of compliance in India. This guide is for Indian businesses subject to GST e-invoicing requirements, accountants, and ERP users. Understanding e-invoicing is crucial for compliance, avoiding penalties, and streamlining business operations. If your business crosses the turnover threshold, understanding how to
As the financial year-end approaches, Small and Medium Enterprises (SMEs) in India face a crucial opportunity to optimize their tax position before March 31st. Strategic year-end tax planning for SMEs can significantly reduce taxable income, improve cash flow, strengthen compliance, and build a solid financial foundation for long-term growth. For
Summary Facing challenges in setting up GST 40% tax slab accounts and tax types in LOGIC ERP? Here we help you simplify the process. With LOGIC ERP, you can easily configure CGST, SGST, and IGST accounts for both sales and purchases, automate GST calculations, ensure accurate billing, and stay fully compliant with the latest GST regulations. This
Introduction The launch of GST 2.0 Reforms 2025 is a landmark moment for India’s taxation framework. Designed to simplify compliance, increase transparency, and curb tax evasion, this new version of the Goods and Services Tax India 2025 brings automation, AI, and digital-first reforms for businesses of all sizes. While the impact of GST 2.0 on businesses
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