Best billing software in trivandrum

Matching & Reconciliation under GST – Importance & Procedure GST Reconciliation and Matching are not new to any taxpayer. This has been prevalent in earlier VAT and excise regime too. Then, the matching of data between the books of accounts and tax returns was an easy task for many business organisations. If the tax department on processing returns found some discrepancy, communications would be sent to the taxpayer and accordingly further scrutiny and audits would be carried out by the authorities. But under  GST , this process has gained significance as the sanity of the Input tax credit utilised by businesses is monitored by the GST authorities regularly. Also, the taxpayers must on regular basis reconcile their data every month with the data declared by its vendors too. The return filing and processing are semantically automated and the  GST returns  are inter-linked. 1. What is Matching & Reconciliation under GST? Following Mismatches can b...

ASTER BILLING ASTER Billing is an easy to use and comprehensive GST Invoicing & Billing App for Retail and Restaurant. It runs both on mobile and computer. This GST compliant point of sale (POS) makes it easier for you to keep track of your business and pay more importance to your business growth. Surveys show that the billing systems are fast replacing the cash drawers. Unlike cash drawers, the billing systems has the option of maintaining your stock, keeping a tab on your employees, offer customer loyalty and do more in addition to billing. Furthermore, it also helps in reducing the cost of maintaining your business.   ASTER  Billing GST Software lets you conveniently generate invoices, run customer loyalty program, manage and monitor sales, procurement activities, optimize inventory, manage accounts, taxes and reports at the store level or consolidated analysis at the cloud back office anytime. Look modern and surprise your customer by sending invoice us...

ASTER BILLING Here are all the changes in GST rates on goods and what will get cheaper after the new rates come into effect: 1. Reduced from 28 per cent to 18 per cent Washing machines Vacuum cleaners Domestic electrical appliances such as food grinders and mixers & food or vegetable juice extractor, shaver, hair clippers etc Televisions up to the size of 68 cm Refrigerators, freezers and other refrigerating or freezing equipment including water coolers, milk coolers, refrigerating equipment for leather industry, ice cream freezer etc. Storage water heaters and immersion heaters, hair dryers, hand dryers, electric smoothing irons etc Lithium-ion batteries Paints and varnishes (including enamels and lacquers) Glaziers’ putty, grafting putty, resin cements Special purpose motor vehicles. For instance, crane lorries, fire fighting vehicle, concrete mixer lorries, spraying lorries Works trucks (self-propelled, not fitted with lifting or handling equipment) of the typ...

ASTER BILLING What is the GST Bill? A bill is a draft of a proposed law presented to the Parliament for discussion. Once it is passed by the Parliament, it becomes an act. So GST Bill has now become GST Act. Are There Any Changes to the GST Act? The Model  GST law  was first drafted in June 2016 and later revised in November 2016. Lok Sabha has passed the 4 bills with certain amendments. Here is a list of the major changes proposed in GST bill: Applicability of GST Law in the State of Jammu and Kashmir J&K Finance Minister Haseeb Drabu has confirmed that J&K will apply GST. However, since J&K has a separate constitution and has special provisions regarding legislature, CGST & IGST will be passed separately. SGST will be passed separately, similar to the other states. Employer’s Gifts to Employee Will No Longer be Taxed under GST Earlier the supply of goods or services between related persons (made during the course of business) was treated as ...