Simple Steps in understanding GST and TDS in Compiere ERP

Instead of receiving tax on your income from you at a later date, the govt wants the payers to deduct tax beforehand and deposit it with the govt

tenthplanet blog compiere What is Reverse Charge Mechanism and how does TDS Computation get automated A Compiere Way

In a normal scenario, the seller charges GST to customer & remits it to the Government. In some cases, the buyer pays GST directly to the Government.

tenthplanet blog compiere 53 Steps for Configuration of Taxes GST and TDS for Services

GST is the biggest tax-related reform in the country bringing uniformity in the taxation structure and eliminating the cascading of taxes that was levied in the past