Author: KDK Software

Conditions to claim the Input Credit Tax under GST

Input Tax is the tax levied by the supplier (registered taxpayer) for the supply of goods or services or both; to the buyer for the procurement of such goods or services or both- intended or entitled for use towards fulfilling his/her business activities.  The tax constituted on the issued tax invoice could be either by the

Benefits of using cloud software for filing TDS returns

The onslaught of the pandemic known as COVID-19 has touched and affected everything. It forced us to maintain a physical distance between each other, making it a requirement for us to find ingenious ways to work around the problem. Tax compliance and accounting, traditionally considered paper intensive projects, are a few of the functions that

Why should SMBs use Hosted Tax Software to File Taxes?

As governments around the world attempt to make their tax rules water-tight, there is a growing complexity that businesses have to manage while filing their taxes. Making mistakes while filing taxes could attract avoidable penal costs. Handling the increasing compliance requirements can be especially challenging for small and medium businesses (SMBs), who have limitations in

Types of deductions allowed to Salaried Individual in India

If you are a salaried individual, you would surely spend a lot of time juggling between your income and tax savings. To minimize this, there are a few tax deductions that you can avail of. To understand them, first let us understand the structure of the ITR-1 Tax Return form which is applicable to salaried

Eway bill generation a never-ending task

As seen in the previous article, E-way bills are something that businesses in several sectors have to generate on a regular basis as part of their daily operations. And while the process is not that complicated, it does take around 8-10 minutes to generate an E-way bill in each instance. However, an active business may

Accountants must for E-way bill generation in tally

Every time a transporter has to transport goods whose total value exceeds Rs. 50,000, the transporter needs to carry what is called an E-way Bill (Electronic-way Bill). An E-way bill is compulsory to have if the goods are being transported between different states. However, some states have also mandated E-way Bills for intra-state goods movement

How to generate an E-way Bill if the goods are rejected by the recipient

After the Goods and Services Tax (GST) Act was passed in India, there has been a significant push towards ensuring transparency of corporate transactions through increased stringency of compliance. One such compliance requirement is the necessity of generating an Electronic Way Bill (E-way Bill) on the GST Portal (ewaybillgst.gov.in)

Simple steps to file GSTR-3B and avoid mistakes

Before we look at how to file GSTR-3B, let us understand what it actually is. GSTR-3B refers to a monthly self-declaration that has to be filed by registered GST dealers in addition with GSTR 1 and GSTR 2 return forms. GSTR-3B is a simplified return that has to be filed for the purpose of declaring

New KDK Support Number

In our effort to bring better connectivity for our customers, we have moved our call center from a landline to mobile no.  You can now reach out to us at 08881012345 and connect faster with our support champs! RegardsKDK Support Team

Refund Under GST – Refund Can Now Be Claimed Online On Excess GST

Paying attention to public demand, GSTN portal has now added a new functionality for claiming refunds. Facility to claim the refund on account of excess payment of tax has been now enabled on GST Portal for the taxpayers. GSTN is a non-government and non-profit company which provides IT infrastructure and services to taxpayers, the State