Taxvala

Coronavirus impact on GST collections As India braces itself for Stage 3 of coronavirus, a major impact can be seen on the GST collections in March and April even as taxpayers demand extension of date of filing of returns from March 20, 2020, to a later date. COVID-19 has pushed people into social distancing and with a virtual lockdown taking place and the travel, hotel and tourism sectors seem the worst affected. Airlines and hospitality are witnessing a sharp fall in business. Trade, transport, communication and broadcasting were likely to generate Rs 33 lakh crore worth of services in the current financial year. These numbers will have to be revised soon eventually impacting GST collections from these segments. The GST collection target of Rs 1.25 lakh crore for March 2020, looks dubious in the current scenario, where bulk revenue from transport, tourism and hotels are expected to take a further hit. This is likely to be extended to other sectors such as fue...

How to Categorize the Shortcut Keys in Tally.ERP 9? In Tally.ERP 9, shortcuts are organized in such a way that even a newbie user can easily find out  by a glance on the screen. The major Categories being : Short cut Type Explanation F1  :  Shut Company - Short cuts with single underline With single line means ALT is the additional key used with the key displayed For example ALT + F1 is the shortcut for shutting the Company F8  :  Credit Note - Short cut with double underline With double line means CTRL is the additional key used with the key displayed in the screen For example  CTRL + F8 is the shortcut key for selecting Credit Note Voucher F2  :  Date - The shortcut with no underline With no line means only the displayed key is the shortcut key of that function For example F2 is the key for date Combination Shortcut Keys in Tally.ERP 9 These are the most useful shortcut keys in tally for menu n...