Blog - GST Accounting Software for Business | eZcom, Kerala, India

E-Way Bill System

As per the notification released by the GST Council, The E-Way Bill Generation Facility will be  blocked, effective from 1st December 2020, for all the taxpayers who failed in filing of Return in  FORM GSTR-3B or the Statement in FORM GST CMP-08 for two or more Consecutive Tax periods.  Taxpayers who are required to file […]

The Significance of 31st GST Council Meeting Held on 22nd December 2018

GST Council among the thirty-first meeting held on 22 December 2018 at New Delhi took following choices referring to changes in GST rates and clarification on the product. the choices created by the GST Council are conferred during this note for simple understanding. the same would be impacted to through Gazette notifications/ circulars that shall […]

GST Rates: Revised!

The GST Rates has been revised for about 200 items! It has been changed for items ranging from chewing gum to chocolates, to beauty products, to wigs and wrist watches. This major revision of tax rate has brought a huge relief to Indian Consumers and Businesses. Another great boon for the common people is the […]

Concerns regarding GST continues..

There has been a huge increase in the number of people who are interested in knowing more about GST. And people are overflowing in every training sessions conducted regarding GST across the country. After the GST has taken into action the taxpayers have been provided with almost 17 information centres by the government. Even though […]

How does GST affect small business owners?

GST is one of the most significant reforms that India has taken after Independence. But it has created a lot of confusions and concerns among many small business owners. It is said that GST is going to pave the way to an incredible growth in the Indian Economy. Taxes like Excise, VAT and Service Tax […]

Seven Myths and Realities about GST

Myth 1: You should create all invoices only on computer/ internet. Reality 1: You may generate invoices manually.   Myth 2: You require the internet at all times to do business under GST. Reality 2: The Internet is only needed while filing monthly returns of GST.   Myth 3: You have a provisional ID but […]

Item wise list of GST Rates

Here is the list of GST Rates of various items. GST Tax Free Goods. GST Tax Free Services. GST 5% Tax Goods. GST 5% Tax Services. GST 12% Tax Goods. GST 12% Tax Services. GST 18% Tax Services. GST 28% Tax Goods. eZcom is here to guide you and solve any of your doubts regarding GST, […]

GST: All you need to know

What is GST? Goods and Services Tax (GST) is a value-added tax at each stage of the supply of goods and services accurately focused on the amount of value addition achieved. It aims to eliminate the inefficiencies in tax system that result in ‘tax on tax’ which is known as cascading of taxes. GST is […]

Positive Aspects of GST

The most important reason for the implement GST is to avoid the cascading effect on tax. In the current system a product on which excise duty has already been paid can also be liable for VAT. Suppose a product named A is manufactured in a factory. As soon as it is released from factory, the […]

GST: Important points to note

Here are a few important points that need to be noted regarding GST: GST shall be completely implemented by 1st of June 2017. Types of taxation in GST IGST: Integrated GST CGST: Central GST which with replacement CST SGST: State GST which will replace VAT The migration towards the enrolment of GST will start again […]