GST

GSt being the hottest topic of discussion these days have made everyone curious. The mass of people who ought to be having its complete knowledge are accounts professionals, CAs , manufactures etc and not just theoretical knowledge but practical as well.

These days you can easily gain knowledge about what so ever you want to and get yourself practically trained. Tally Training Institute in Chandigarh would definitely provide you the best training. This would be a golden chance for the newbies, as GST will be included in the whole syllabus, you do not have to pay separately.

But before that, you must have an idea of what you are going to study. So, let's give you a brief description about Goods and Service Tax.

What is GST?

GST (Goods and Services Tax) is an indirect tax to be implemented by 1st of July,2017. It has been introduced after passing the 122nd Amendment Bill , as “The Constitution Act 2017”. GST will be replacing various taxes levied by the Central and State Governments. It would include all the stages from manufacturing of goods to its’ consumption.

GST structure has been finalised as per the requirement of the goods. The essential goods would be having lower tax rates, whereas it would be increasing for luxury and Sin items. The Council has finalized the Goods and Service Tax structure as a four-tiered tax structure of 5%, 12%, 18% and 28%. There are items without tax also but luxury items may attract additional taxes as well.

The taxes subsumed by GST are :

• Central Excise Duty
• Food Tax
• Central Sales Tax (CST)
• Octroi
• Entertainment Tax
• Commercial Tax
• Value Added Tax (VAT)
• Entry Tax
• Purchase Tax
• Commercial Tax
• Value Added Tax (VAT)
• Luxury Tax
• Advertisement taxes
• Taxes applicable on lotteries

Government has adopted dual GST Model that means, both the central Government and State Government will be administrating taxation. The transactions made with in the state but with Central GST(CGST) will be administered by Central Govt. and transactions with state GST(SGST) by State Government. And in case of inter-state transaction, there is Integrated GST(IGST) administered by Central Government.

So, this was an introduction of GST for you. And in order to have a complete knowledge about the same go for Tally Training in Chandigarh which is provided by CBitss Technologies.

Why we use Tally ERP9.

Tally ERP9

Tally ERP9 is an advanced yet simple to use Accounting Software designed and developed by the Tally Solutions Private Limited, a Bangalore (India) based IT Solutions Company. It is a kind of Application Software where the Accounting process is carried out mechanically through instructions given by the user with the selection of graphical represented information of computer screen.

This software is purely developed based on Accounting Principles and Mercantile Law fundamentals, for better management of finance, Logistics and Administration of commerce and trading.

Tally is the simplest and complete business solutions available in the world. Today, over 20 lakh users across 90 countries are using Tally to expand their business and enhance performance. Anybody who has a prior knowledge of accounts or a basic knowledge of English can use Tally. By using a business accounting software like Tally 9, you will be able to simplify, integrate and streamline all your business processes, easily and cost-effectively.

Why we use Tally ERP9 :

• Tally ERP9 allows you to access your accounts remotely using the Tally.NET facility, which allows you to access your accounts over Internet Connection.
• It is a leading Accounting software. Since its inception Tally Accounting Package is being developed and will be developing on daily basis as per industry requirements.
• Tally ERP9 software provide the complete business solution. It is suitable for a firmware to multinational companies.
• It is user friendly computerized accounting software. Tally ERP9 supports various  other languages apart English.
• Tally ERP9 is windows platform independent. It can be installed in any platform of windows like NT, 2000, ME, 95, 98, XP, 7 Ultimate, Vista,  Windows 8. It run only in single PC or on a network.
• We can get support about the software using either online of Offline Help facility. You can learn any kind of topic from Local Help File system using Alt+H keys within the Tally ERP9 Application.
• It enable to work with multiple Company Accounts simultaneously. And it will update the information in real time.

Tally training in Chandigarh is provided by CBitss Technologies. CBitss is the best place for learning Tally course in Chandigarh. Tally course is the first choice when we talk about Job oriented accounting courses.

  

Tally training in Chandigarh

Tally training in chandigarh provided by CBitss.

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An accountant is one who is skilled in accounting and is able to make public or private accounts. An accountant is responsible for reporting financial statements of an organization, whether for an individual or for a company, according to the statutory act of government.The role of an accountant is very important in every profession because there is no business that can be done without accountant Read More.....