GST

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 …

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

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 …

GST Returns Compliance Score By Cygnet Read More »

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 …

Highlights of the 38th GST Council Meeting Held in Delhi Read More »

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 …

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

GST (Goods & Service Tax) has been the biggest tax reform in India since the Independence of the country. There is a myth that all businesses will be able to pay their GST on time, but many are failing in timely compliance. There are some definite challenges corporates face to be on time and to …

Primary Reasons Why Corporates Fail In Timely Compliance Read More »

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 …

Top 4 Reasons Why GST Automation Should Matter to CFOs Read More »

Filing of the first GST Annual returns is long overdue and the industry is waiting to file its very first set of returns GSTR 9 and GSTR 9C. Annual return filing due date is 31st August 2019 for the FY 2017-18. GSTR 9 is a summary return to report the entire year’s returns in a …

9 Features a GSTR 9 Solution Must Have Read More »

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 …

Win Your Freedom From GST worries Read More »

GST is already 2 years old and we have seen a major shift in the way taxes are filed in this period. GST was launched with an intention to bring the whole system of indirect tax filing and compliances online. It majorly targeted the micro, small and medium enterprises in the country that account for …

GST Going Online, Digitalizes taxes in India Read More »

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 …

How To Claim Accurate ITC And Save Tax Read More »