Cygnet GST Solution

Read the latest blogs by our experts on GST. Stay updated with the latest information on GST, E-way Bill, E-invoicing, and Cygnet’s GST returns filing software

Government Rejects Sanitizing GST Rates On Sanitizer: Here’s why!

Government Rejects Sanitizing GST Rates On Sanitizer: Here’s why!

Background A common sight these days is people carrying small handy bottles of sanitizers everywhere they go; the magic potion has gained unparalleled popularity in India amidst the Covid-19 threat. Earlier, sanitizers were an accessory for the affluent class only; however, now even the villages in the country have these stocked up. With the pandemic …

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Upcoming Changes On GST Portal

Upcoming changes on GST Portal

Important changes which have been proposed in the GST returns in order to make it more user friendly and to further simplify the return filing process, has been summarized below: Changes In GSTR-1 Delinking of credit/debit notes with the original invoice; Amendments in GSTR-1 will be tagged with original invoices to ensure there are no …

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Know Your Supplier

Know your supplier through Cygnet GRC Score

The GST Council held its 39th Council Meeting on 14th March 2020 in New Delhi headed by the Union Finance Minister Nirmala Sitharaman who had some new announcements under GST.  According to the GST Council Meeting, the implementation of e-invoicing and QR Code generation has been extended to 1st Oct 2020 for companies with a …

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A Guide On New GST Returns

A Guide On New GST Returns

In this article, we will discuss the wave of developments in the GST regime proposed under new returns and as reemphasized in the Union Budget of FY 2020-21. This article will help the taxpayer in understanding the implications of new returns and key areas impacting compliances under the GST regime. In this article, we shall …

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How Businesses Can Use Automation To Improve Their Tax Processes In 2020?

How businesses can use automation to improve their tax processes in 2020?

Before entering in the Year 2020, automation was already the talk of tax town. In fact, approximately 112 countries across the globe are already using some form of electronic invoicing, but in India e-invoicing has just been introduced. People and businesses have saved a lot in processing cost itself. Automation has been in businesses in …

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GST Returns Compliance Score By Cygnet

GST Returns Compliance Score by Cygnet

According to a recent RBI Financial Stability Report, the gross non-performing asset ratio of banks may increase to 9.9 percent by September 2020 from 9.3 percent in September 2019. This is not a good sign as banks are the custodians of people’s money and need to follow astute practices in the choice of the investments …

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Why Cygnet GSP Is a Better Choice For GST Return Filing?

Why Cygnet GSP Is a Better Choice For GST Return Filing?

The market is loaded with GST software providers. But how many have the capabilities of reducing your work and making GST filing easy for you? How many of them are reliable and scalable depending on the business requirements? Well, your answer is Cygnet GSP. What makes Cygnet GSP better than the other software’s already available …

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Digital Transformation, A Necessity for Business & Compliance?

Digital Transformation a necessity for business and compliance

An epic shift has already started in the Businesses Finance function. Taxation is transforming from paper-based to completely digital, right from GST filing to GST refund. Indian Government has already accepted the digital way, so why should the organizations be left behind. This is the era of digital tax constant compliance. Currently, the compliance with …

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