The Government of India has announced the implementation of Goods and Services Tax (GST), which will be effective from 1st July 2017. Please note, the existing service tax rate of 15% for shall be replaced by a GST rate of 18% as applicable to IT services.
All business entities are required to obtain GST registration unless they are exempt under the law. As we are providing services to you, we need to upload your GST Identification Number (GSTIN) on the GST Network so that you can claim credit for GST paid by you to us, if you are eligible for the same.
Likewise, you may also need to file returns on the GST Network in which you will have to quote our GSTIN. In the absence of GSTIN / incorrect GSTIN in our or your GST Returns, you will not get credit for the GST paid by you to us.
In accordance to that, we have provided an option on our Client Area to add your GSTIN ID by following the below steps.
1. Login to Your Newsys Account.
2. Go to Edit Account Details
3. Insert your GSTIN in the given field.
4. Scroll down and click on Save Changes to save the data.
Wednesday, August 23, 2017
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