SAG Infotech: Need Tax Software (Call 0141-4072000)

Considering the management process of payroll, it is required to find solutions that streamlined the process. A business can look out for payroll management or can implement payroll software to fulfill the requirements of their payroll processes. These measures not only ensure business compliance with legal and tax requirements but also aids in simplifying payment manner to employees. Here is a list of reasons which explains the need of having payroll software for your business: Saves Time: The management of federal taxes including employment taxes is a time-consuming activity. On average one in every three businesses spends 80 hours performing such exercises which translates into full-time working for almost two weeks. Well, one can consider the payroll calculation task as simple as the addition of hours worked with the employee's rate. However, it turns complicated when factors such as vacation leave, overtime, and other benefits are also involved in the calculation. In add...

These are the forms submitted by fixed deposit holders to a relevant financial entity like a bank at the beginning of a financial year. It helps in avoiding TDS on the interest earned on the deposit amount. Other than this, did you know that these forms can also be submitted if your income exceeds INR 2.5 lakh, but going by some conditions? Read on to know how. Eligibility for Form 15G/15H Submission TDS Form 15G/15H is required to submit to the financial institutions i.e banks to avoid TDS deduction on the interest income on FDs. if the interest income crosses the threshold limit. Those who reside in India and age below 60 years of age during the year as mentioned in the form can submit Form 15G. On the other hand, a resident individual with age 60 years and above i.e senior citizens and super senior citizens are liable to submit Form 15H. Moreover, an individual with zero tax liability can also submit this form. The tax payable for any taxpayer is calculated on the net ta...

In a recent action taken by the directorate general of GST Intelligence (DGSTI), it was found that a company has taken input tax credit exceeding 10 per cent of the original amount. The case is of a local business unit which had wrongly quoted ITC claim of 3.5 crore instead of the correct one i.e. 35 lakhs due to a clerical error. However, the company further tried to reverse the entry after 6 months which further reinstate the fact of error done by the company. Also, the tax department has recovered 4 crores out of 5 crores from the previous claims. Read also:  Easy Guide to Capital Goods Under GST with Input Tax Credit Eligibility The excess input tax credit amount was registered with a manual entry error which shows up the vulnerability of the GSTN portal. It was said that this kind of error could be avoidable if the invoice matching process would have levied earlier. It might be the chance of deliberate attempt also in the invoice and GST return filing but the dep...

After the GST implementation in Varanasi, the National tax Seminar , JNN, is likely to be conducted in the context of the interests of consumers, businessmen and entrepreneurs. Expectedly, the Allahabad High court Judge, Piyush Agarwal, the Vice-chancellor Prof. Tien Singh and Prof. Ram Mohan Pathak would be attending the seminar. The information has been given in a conference by the President of the Seminar Committee, Sharad Kumar Tripathi, at Commerce Kar Bhawan on Thursday. Information is there that it would be organized by Sales Tax Bar Association on March 2nd. Mind boggling would be done on basic three points during the seminar and they are: Input Tax Credits Work Contracts in Relation to Real Estate Judicial System Under the Goods and Services Tax Act To discuss on the above-mentioned topics, in the seminar would be present, the Justice, Piyush Agrawal of Allahabad High Court, Vice Chancellor of Kashi University TN Singh and Vice Chancellor of South India Hindi Campai...

GST e-way bill is an electronic bill which is required for the movement of goods in case the value of the goods is above INR 50 thousand. The bill can be generated from the GSTN portal and every registered taxpayer must require this e-way bill along with the goods transferred. SAG Infotech brings you the complete process to file the GST e-way bill through the Gen GST software version 2 for a better understanding for the client. Gen GST software version 2.0 is a complete solution for all the unlimited client return filing, billing and GST e-way bill generation/updation/printing process. Here are some of the prominent features of Gen GST version 2.0 e waybill : Import or Add Client or Transporter Import / Export e waybill  Add E Way Bill Upload, Cancel, Extend Validity and Reject E waybill Upload supplier, receiver, transporter & vehicle details Consolidated View of e waybills Read also:   Latest E Way Bill Notification for Interstate and Intrastate Move...

ITC 04 filing is done by the manufacturers who use it to file the challan of any transfer in job work or goods from one place to another. It is mandatory to file the form by the job work industry. Here SAG Infotech will provide complete detail on how to file ITC 04 through the Gen GST software version 2.0. Our Gen GST software is known for the complete client return filing, billing and extended GST e-way billing solutions such as preparation and generation. There are certain features being provided in the ITC 04 form in the Gen GST software version 2.0, let us check them all: File return directly from the Software Get portal data directly from the user interface Add job worker details manually and save them for future use Import & upload data from/to govt portal View all errors in ITC 04 Recommended :  Free Download Gen GST Software For ITC 4 Filing

On 2nd January, CBIC has issued the notification for section 28 of the CGST (Amendment) Act, 2018 (No. 31 of 2018), which provided the section 140(the 1) of the CGST Act, 2017. As per section 28 of CGST (Amendment) Act, 2018 (No. 31 of 2018) amendment was done to allow the transition of CENVAT credit under the existing law. The  Central Excise and Service Tax laws are only applicable in respect of eligible duties. Read also: Read latest GST Circulars Issued by CBIC Department