Simple Steps in understanding GST & 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
What is Reverse Charge Mechanism & 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.
53 Steps for Configuration of Taxes – GST & TDS for Services using Compiere ERP
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
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