25th GST council meeting was aired on 18 Jan 2018, by Union Finance Minister Shri Arun Jaitley in New Delhi wherein policy changes were recommended by GST council. The following policy changes were recommended in 25th GST council meeting:
The feature of marked vouchers is available in the latest release of Tally ERP 9 which makes things really easy for the tax consultants and the various businesses. Gone are, the days when you manually calculate the tax returns and filed them.
Not only it consumes a lot of time, but a lot of error is generated if you try to do it in manually. Tally ERP 9 has always been the most suitable software for doing all of these.
GST is required to be paid on the basis of self-assessment. If the taxpayers, assess them correctly with the best software like Tally.ERP 9 then there is going to be no issue, however, if the payment made is short or the input credits have been used wrongly then the GST officers will make sure to initiate the demand & recovery provisions against the person assessing.