It is no news that the implementation of the GST (Goods and service tax) will pose some major advantages and a few disadvantages to the services industry. Many service businesses will face a lot of changes over the years as they try to conform to the introduction of this new taxation system and we…
What is cloud computing? Everyone has been talking about “the cloud.” But what does it mean? Cloud technology or cloud computing is encountering a rush of applications these days. It is not just a sudden shift from traditional software models to the Internet, it has been steadily gaining pace over the last fifteen years. Looking…
Here is a quick guide on how to file GSTR 1 from ProfitBooks. GSTR 1 return is used to upload your sales data to the GSTN portal. Every tax payer needs to report following things: Invoice summary (Types of invoices, Credit Notes, Advance Receipts, etc) Summary of documents issued (Documents such as invoices, credit notes…