GST

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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Highlights of the 38th GST Council Meeting Held in Delhi

38th GST Council Meeting

GST’s 38th Council Meeting was held on 18th Dec 2019, Delhi was chaired by Honorable Finance Minister Nirmala Sitharaman. Other attendees of the meeting were Union Minister of State Finance & Corporate Affairs Shri Anurag Thakur, Finance Minister of States & UT and Senior Officers of Ministry of Finance. This meeting was concluded with some …

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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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Top 4 Reasons Why GST Automation Should Matter to CFOs

Reasons Why GST Automation Should Matter to CFOs

We are in the 21st century, where automation is something every industry or department demands to speed and ease the work. For CFOs automation must be a top priority because they oversee the financial stratagem and are likely to generate & deliver precise data whenever required. They hold some incredibly important responsibilities. With responsibilities come …

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Win Your Freedom From GST worries

Win your freedom from GST worries

What is it that a smart CFO would want when it comes to managing GST compliances? It would be everything that saves him money, time and resources while managing them. The three most precious things that need intelligent management. GST compliances which are now a way of life and need to be managed almost daily …

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How To Claim Accurate ITC And Save Tax

Claim accurate ITC and save tax

Input Tax Credit – ITC, is a tax credit that can be claimed against the taxes paid on the inputs or inward supplies. To understand what exactly ITC means to consider the following: A business charges and recovers GST on the products that it sells or services it provides. Now when they buy some inputs to manufacture …

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