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Pre-GST, the statutory tax rate for most goods was about 26.5%; post-GST, most goods are expected to be in the 18% tax range. The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment to the Constitution of India by the Government of India. 1 July is celebrated as GST Day. [4]
In 2016, Tally Solutions was shortlisted as a GST Suvidha Provider to provide interface between the new Goods and Services Tax (GST) server and taxpayers, and in 2017, the company launched its updated GST compliance software. [14] [15] In 2020, the company released TallyPrime. [16] [17] In 2022, they introduced TallyPrime Edit Log. [18]
Sonata Software Limited is an Indian information technology services company, based in Bangalore. Sonata provides services in business intelligence and analytics , application development management (ADM), mobility , cloud , social media , testing , enterprise services ( ERP and CRM ), and infrastructure management services .
Free Software Movement of India (FSMI) is a national coalition of various regional and sectoral free software movements operating in different parts of India. The formation of FSMI was announced in the valedictory function of the National Free Software Conference - 2010 held in Bangalore during 20–21 March 2010. [ 1 ]
It oversees the administration of indirect taxes, including customs duties, excise duties, and the Goods and Services Tax (GST). CBIC's function also extends to prevention of smuggling, illicit financial activities , and regulation and control of narcotics through its attached/subordinate offices.
Basic software for income tax in the form of a tax calculator, and are now widely used. For example, the Government of India provides an income tax calculator [1] on their website. Corporate tax compliance software has also been in existence for years, more often than not within the company's Finance & Accounting software or financial module of ...
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The Free Software Foundation of India (FSFI) is the Indian sister organisation to the US-based Free Software Foundation. It was founded in Thiruvananthapuram (Trivandrum) (the capital of Kerala) in 2001 [2] as a non-profit Company. [3] The FSFI advocates to promote the use and development of free software in India.