Learn How GST Affects You
Since July 2017, India has been set on GST mode, which enables the taxpayers to pay a single tax instead of multiple indirect taxes. This new indirect tax regime,termed as Goods and Services Tax, has been seen a much awaited reform since independence, which subsumes around a dozen of taxed levied by the central and the state governments. As for taxpayers, this tax is expected to affect their daily life positively in the long run. For instance, it leads to significant reduction in the variety of taxes for businesses, as they have to pay lesser rates and exemptions through a comparably simpler tax regime. For startups and small businesses, GST billing has emerged as a ray of respite from the taxes. In the earlier system, a business having more than RS 5 lakh as annual turnover was required to pay Value Added Tax (VAT). However, under GST, this threshold amount has been replaced by 20 lakhs, which exempts many small businesses as well as startups. Even for turnovers between 20 to 50 lakhs, the businesses can opt for a composition scheme, which requires them to pay nominal tax.
GST has also helped logistic industries appreciably in minimizing their operating costs. It has replaced the earlier system where the businesses from this industry has to keep record of multiple warehouses across different states, to avoid paying current CST and state entry taxes during inter-state movement. As for hotel industry, budget hotels, having room tariffs under Rs 1000 are expected to gain heavily with the introduction of GST billing, as they do not require to pay taxes. The GST however increases with the rise in tariff slabs, with a maximum 28% tax being levied on rooms with tariffs more than Rs 7500.
Feel free to download our software and ease out your GST tax return process.
Since July 2017, India has been set on GST mode, which enables the taxpayers to pay a single tax instead of multiple indirect taxes. This new indirect tax regime,termed as Goods and Services Tax, has been seen a much awaited reform since independence, which subsumes around a dozen of taxed levied by the central and the state governments. As for taxpayers, this tax is expected to affect their daily life positively in the long run. For instance, it leads to significant reduction in the variety of taxes for businesses, as they have to pay lesser rates and exemptions through a comparably simpler tax regime. For startups and small businesses, GST billing has emerged as a ray of respite from the taxes. In the earlier system, a business having more than RS 5 lakh as annual turnover was required to pay Value Added Tax (VAT). However, under GST, this threshold amount has been replaced by 20 lakhs, which exempts many small businesses as well as startups. Even for turnovers between 20 to 50 lakhs, the businesses can opt for a composition scheme, which requires them to pay nominal tax.
GST has also helped logistic industries appreciably in minimizing their operating costs. It has replaced the earlier system where the businesses from this industry has to keep record of multiple warehouses across different states, to avoid paying current CST and state entry taxes during inter-state movement. As for hotel industry, budget hotels, having room tariffs under Rs 1000 are expected to gain heavily with the introduction of GST billing, as they do not require to pay taxes. The GST however increases with the rise in tariff slabs, with a maximum 28% tax being levied on rooms with tariffs more than Rs 7500.
Feel free to download our software and ease out your GST tax return process.
Get GST-Ready Software Now
If you are already fed up of filing GST returns on your own and looking for credible assistance to help you out in the accounting and related efforts, the GST-Ready Software is meant exactly for you. It is all engrossed with advanced and utilitarian features that ultimately aim at reducing your paper work significantly. It automated the workflow of your business and lets you keep track of your multiple warehouses collectively. It offers varied GST featured invoices in India, related to sales, purchases, credit notes, debit notes, payment recording, and online payments. The tool is handy in creating, sending and tracking professional GST invoices from anywhere. You can use it to collect payments and even track your inventory per serial number, hence going beyond GST billing. Besides all the regular tasks, our GST ready software performs automatic handling of your accounts whenever your create sale or make purchase. Automatic reminders through email and SMS further intimate your customers hence saving considerable time, enabling you to focus more on your core strength.
Other facilities like accessibility, SSL 256 bit encrypted loud infrastructure and data transportation, real-time insightful reports on business performance and advertisement campaigns through CRM are among the other lucrative attractions of this accomplished GST ready software at GInvoicing. So what are you waiting for? Contact us and get registered with us at the earnest.
If you are already fed up of filing GST returns on your own and looking for credible assistance to help you out in the accounting and related efforts, the GST-Ready Software is meant exactly for you. It is all engrossed with advanced and utilitarian features that ultimately aim at reducing your paper work significantly. It automated the workflow of your business and lets you keep track of your multiple warehouses collectively. It offers varied GST featured invoices in India, related to sales, purchases, credit notes, debit notes, payment recording, and online payments. The tool is handy in creating, sending and tracking professional GST invoices from anywhere. You can use it to collect payments and even track your inventory per serial number, hence going beyond GST billing. Besides all the regular tasks, our GST ready software performs automatic handling of your accounts whenever your create sale or make purchase. Automatic reminders through email and SMS further intimate your customers hence saving considerable time, enabling you to focus more on your core strength.
Other facilities like accessibility, SSL 256 bit encrypted loud infrastructure and data transportation, real-time insightful reports on business performance and advertisement campaigns through CRM are among the other lucrative attractions of this accomplished GST ready software at GInvoicing. So what are you waiting for? Contact us and get registered with us at the earnest.
Learn How GInvoicing Can Help You
Besides your core competency that works acts as a catalyst in your business growth, we at GInvoicing management are dedicated to help you with you GST related hassles. Considering the intricacies involved in abiding by the GST rules, we assist you with a ready to use GST software that emancipates you with all the involved hassles of GST return filings. With GST transforming the Indian tax regime to the digital front, the need to be technology savvy has become evident. However, even if you possess limited digital awareness, we are there to take up the cudgels in our hand and simplify your task of filing GST returns with ease through our GST ready software.
The advanced and robust GInvoicing tool can assist you get started with your GST regime in few simple steps. With the progress in the GST rules, we will also continue to infuse advancements in our software to help you abide by the proceedings quicker and easier. Our GST Invoicing Tool takes care of all your requirements regarding invoicing/billing whether simple or advanced ones, such as those related to multi-tax rates, multi-item, etc.
Moreover, it also lets you to manage several GST related obligations like advance receipts, bill of supply GST input tax credit, reverse charge, export invoices, branch transfers, accounting, and so on. Hence, it adapts to your business requirements in entirety and reflects your books of accounts in true sense in the form GST returns. Further, with our software, you can get detect away with any kind of transaction error in real time to make way for accurate GST returns.
Besides your core competency that works acts as a catalyst in your business growth, we at GInvoicing management are dedicated to help you with you GST related hassles. Considering the intricacies involved in abiding by the GST rules, we assist you with a ready to use GST software that emancipates you with all the involved hassles of GST return filings. With GST transforming the Indian tax regime to the digital front, the need to be technology savvy has become evident. However, even if you possess limited digital awareness, we are there to take up the cudgels in our hand and simplify your task of filing GST returns with ease through our GST ready software.
The advanced and robust GInvoicing tool can assist you get started with your GST regime in few simple steps. With the progress in the GST rules, we will also continue to infuse advancements in our software to help you abide by the proceedings quicker and easier. Our GST Invoicing Tool takes care of all your requirements regarding invoicing/billing whether simple or advanced ones, such as those related to multi-tax rates, multi-item, etc.
Moreover, it also lets you to manage several GST related obligations like advance receipts, bill of supply GST input tax credit, reverse charge, export invoices, branch transfers, accounting, and so on. Hence, it adapts to your business requirements in entirety and reflects your books of accounts in true sense in the form GST returns. Further, with our software, you can get detect away with any kind of transaction error in real time to make way for accurate GST returns.
GInvoicing: Making invoicing easy and fun
Invoicing is a tedious task when it comes to management. The bundles of papers and huge space to keep the records safe make a person’s work miserable. Well, today when the world has already gone digital invoicing too has become a simple task. Paperless invoices are easier to manage and process. Not to forget, the high security. You don’t need to worry about the misplaced invoices or the rotten ones because all the data is saved on the server. G invoicing lets you manage the history of all your clients effortlessly. All that is required is the registration and then subsequently the smooth login. Pretty much simple, is not it? But there is a lot more behind the scenes. You get the insights to your business revenue as you can get different kinds of reports. Moreover, you get to manage your entire inventory through this invoicing management portal.
Usability has been given the utmost importance after security. The portals that needs to be explained in order to be used is of no use. G invoicing, however has everything right in front of your eyes. You can surf through it just like you are flowing through some story.
Invoicing is a tedious task when it comes to management. The bundles of papers and huge space to keep the records safe make a person’s work miserable. Well, today when the world has already gone digital invoicing too has become a simple task. Paperless invoices are easier to manage and process. Not to forget, the high security. You don’t need to worry about the misplaced invoices or the rotten ones because all the data is saved on the server. G invoicing lets you manage the history of all your clients effortlessly. All that is required is the registration and then subsequently the smooth login. Pretty much simple, is not it? But there is a lot more behind the scenes. You get the insights to your business revenue as you can get different kinds of reports. Moreover, you get to manage your entire inventory through this invoicing management portal.
Usability has been given the utmost importance after security. The portals that needs to be explained in order to be used is of no use. G invoicing, however has everything right in front of your eyes. You can surf through it just like you are flowing through some story.