#gst billing software kerala

[globaleyet]

https://www.globaleyet.com/gst-billing-software.html

[grofundsoft-blog]

How efficiently Implement GST in your business

Gst stands for “Goods and Service Tax” is an indirect tax which subsumed out almost all other indirect taxes in India. the act was passed in parliament in March 2017 and implemented in our country by July 2017.

Gst is actually one of the tax laws applied for goods and services in and is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.there are three taxes applicable under the new GST system implemented as mentioned following

CGST : the tax collected by the central government intrastate sale like a transaction within Kerala SGST : is collected by the state government on an intrastate sale as happening a sale within Kerala. IGST : central government collecting taxes on an interstate sale.for example a sale between Kerala and Tamilnadu

In the retail sector, the shops have to get a GST bill from the supplier and they should have a GST number registered.it have to file the corresponding amount to the government within the specified date which is well displayed on the government website https://www.gst.gov.in/.by using a software billing application it would be very easy to manage all the things like, accurate tax calculation, tax filing alarm alert, print detail GST file and can launch in the GST website. 

As there were enough GST software around us in Kerala. Find the best GST Software in Calicut or even GST Billing Software in Kerala or even in India is not hard nowadays. Grofund brought everything in a single place and the billing system made the best and accurate with this. One of the main advantages of softwares available today is that it will be getting a separate billing format for B@B and B@C business. and the amount of total, discount, GST, points, etc .

What are the factors to get the benefits of GST

In a business Both the customer and supplier should be knowledgeable about the GST system .unless both the customer and supplier are aware of GST the parties will not get the advantages of the new system.here in this system of new tax law GST payment and returning also applicable. Gst rate is varying for different categories of business.

For getting the better result of the GST system in a business the must and compulsory factor are that it needs a proper software to manage the tax calculation along with the company accounts management. There are a lot of GST billing softwares available in our market today. Moreover, different types of billing softwares are there .we are available with cloud-based software in which all the data are saved in cloud storage and stand-alone applications which is installed in the computer systems. basically, it can be said that the cloud-based software can be managed and accessed online at any time, anywhere. 

Even if the majority of the business are using tally for the management of their accounts, nowadays the trending is switch covering to these softwares , hence the advantages over it.where as the offline application

Advantages of the GST system in a business

Gst mainly helps to remove the cascading effect that means a tax on tax while the sale of goods and services. and the removal of this situation of tax on tax has impacted the cost of goods .since the GST authorities eliminate the cascading effect helps to decreases the cost of goods.

Even if both the customer and vendor are paying GST the owner of the business will have to pay the GST for his profit only in effect. The indirect tax system under the GST has helped to improve the collection of taxes as well as boost up the Indian economy by avoiding the indirect tax barriers among the states and to make the country for integrating through a uniform tax rate.

Why we are willing to implement GST in our business

By implementing the GST, it helps to increase the tax value and hence boost up the company-grade in future. by getting the tax return from government we are benefiting the tax payment for our profit only, in result. If we are not willing to pay GST, as a company we will be undergone the penalty by the government.

By comparing the normal tax structure GST has a simplified tax policy.more over it will help to increase the demand and consumption of goods by the implementation of GST system our economy getting more advantages over black money floating, reduction of manufacturing costs, increased production resulted by increased consumption and supply, removal of cascading effect.

[anoopg24365]

The Government of Kerala introduced KFC at the rate of 1% on commodities with the intention of rebuilding flood-hit Kerala and has been in-practice since August 01, 2019. Find everything you need to know about KFC in our previous video 

Kerala Flood Cess has been allied by confusions right from the beginning of its introduction. KFC had to and still is facing certain hurdles in its applicability and is undergoing amendments constantly. Latest amendment implies that Kerala cess should be included in the value of supply for the purpose of levy of CGST and SGST. KFC shall be levied separately on the taxable value of supplies and is to be shown separately in invoice in addition to KGST and CGST. The taxpayer only has to log in to the official website www.keralataxes.gov.in for creating user credentials. GSTIN will be considered as Registration Number for KFC. After logging in to the website, the taxpayer has to select the return period and enter the details of turnover of outward supply imposable under KFC based on GST tax rates. With the introduction of KFC in the system, taxpayers might find it difficult to implement it in their billing software. This is why using simple accounting software like Accoxi can reduce the efforts of the taxpayers. Accoxi can manage billing and accounting activities of, businesses of any kind in simplest and most easy way. For more information about Accoxi call us on  +91 9995844111 Email : sales@accoxi.com 

[vsofterps]

A billing software can be any software designed to handle time and billing tracking as well as invoicing customers for services and products. It can track the hours worked by employees as well as expenses associated with projects or clients. Billing software is an integral part of an accounting and finance software package, and there are vendors that offer free billing software for small businesses along with the main package. However, the billing system software can range from the simplest and most basic to the more advanced billing software for PC with sophisticated features. VSOFT ERP software is one of the best Accounting and Billing software kerala covering industries like retail and wholesale, distribution, manufacturing, restaurants, Hospitals etc. In our daily interaction, rather than much bigger scope ERP also stands for Billing Software, GST software, inventory management and accounting software suitable for small medium business as well.

[mosebilling]

How GST?

GST രണ്ടു തരം.

കോംപോസിറ്റ്‌ GST യും റെഗുലർ GST യും.

1 . കോംപോസിറ്റ്‌ GST

കോംപോസിറ്റ്‌ GST, 1.5 കോടി രൂപ വരെ ടേൺ ഓവർ ഉള്ള ചെറുകിട ബിസിനസ്സുകളെ ഉദ്ദേശിച്ചിട്ടുള്ളതാണ്. അവിടെ ജിഎസ്ടി വിൽപ്പനക്കാരൻ വഹിക്കണം. വ്യാപാരികൾ വിറ്റുവരവിന്റെ 1%, നിർമ്മാതാക്കൾ 2%, റെസ്റ്റോറന്റുകൾക്ക് 5%, സേവന ദാതാക്കൾക്ക് 6% എന്നിങ്ങനെയാണ് വരുന്നത്. കോമ്പോസിഷൻ നികുതിദായകന് നികുതി ഇൻവോയ്സ് നൽകാൻ കഴിയില്ല, കാരണം നികുതി ഡീലർ പോക്കറ്റിൽ നിന്ന് അടയ്ക്കണം. ഉപഭോക്താക്കളിൽ നിന്ന് ജിഎസ്ടി വീണ്ടെടുക്കാൻ കോമ്പോസിഷൻ ഡീലർക്ക് അനുവാദമില്ല. സേവന ദാതാക്കൾ‌ക്ക് കോമ്പോസിഷൻ‌ സ്കീം തിരഞ്ഞെടുക്കാൻ‌ കഴിയില്ല, പക്ഷേ 2019 ലെ ബജറ്റിൽ‌, 50L രൂപ വരെ വിറ്റുവരവുള്ളവർക്ക്‌ കോമ്പോസിഷൻ സ്കീം തിരഞ്ഞെടുക്കാം.

സാധാരണ ജിഎസ്ടി സ്കീമുമായി താരതമ്യപ്പെടുത്തുമ്പോൾ, കോമ്പോസിഷൻ നികുതിദായകർ മൊത്തം 5 ജിഎസ്ടി റിട്ടേണുകൾ ഫയൽ ചെയ്യേണ്ടതുണ്ട്. നാല് ത്രൈമാസ GSTRs (CMP-08) ഉം ഒരു വാർ‌ഷിക GSTR (GSTR-4) ഉം . ഇവർക്ക് ഇൻപുട്ട് ടാക്സ് ക്രെഡിറ്റ് ക്ലെയിം ചെയ്യാൻ കഴിയില്ല, മാത്രമല്ല അക്കൗണ്ട്സ് ബുക്ക് സൂക്ഷിക്കേണ്ടതിന്റെ ആവശ്യവും ഇല്ല.

കോംപോസിറ്റ്‌ GST യുടെ ഗുണങ്ങൾ

1 കുറഞ്ഞ നികുതിയും ഉയർന്ന ദ്രവ്യതയും

2 കുറഞ്ഞ നികുതി അടയ്ക്കൽ

3 ഒരു വർഷത്തിൽ 5 തവണ റിട്ടേൺ ഫയൽ ചെയ്താൽ മതി.

കോംപോസിറ്റ്‌ GST യുടെ പോരായ്മ

1 അന്തർ സംസ്ഥാന വിൽപ്പന അനുവദനീയമല്ല.

2 നികുതി വീണ്ടെടുക്കാൻ കഴിയില്ല.

3 വിറ്റുവരവിന്റെ ഒരു നിശ്ചിത ശതമാനം ഡീലർ തന്നെ അടക്കേണ്ടി വരുന്നു.

നിങ്ങൾ ഉപയോഗിക്കുന്നത് ഏതു ബില്ലിംഗ് സോഫ്റ്റ്‌വെയർ ആയാലും ഡാറ്റ എൻട്രി സംബന്ധമായ സംശയങ്ങൾക്ക് ഈ www.mosebilling.com ചാറ്റ് സൗജന്യമായി ഉപയോഗിക്കാവുന്നതാണ്.

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[dmax-erp]

Best ERP software in Kerala www.discernmax.com

POS ,GST, GST software ,Billing Software ,GST Billing, Trading Software, Inventory, Inventory Software, Accounting Software, Finance Application, POS system, Web application, Online Billing Software, POS in Qatar, POS in India, User friendly software, Best ERP software, Cloud based ERP for small business , Best ERP for ecommerce, Best online ERP software, Cloud based tally ERP, Low cost online ERP, Best ERP software in Kerala, Most popular ERP software, Best ERP software in India, Best ERP software in Qatar, Mobile and desktop ERP software, Discern Max, Discern Max ERP 

[erpskerala]

A billing software can be any software designed to handle time and billing tracking as well as invoicing customers for services and products. It can track the hours worked by employees as well as expenses associated with projects or clients. Billing software is an integral part of an accounting and finance software package, and there are vendors that offer free billing software for small businesses along with the main package. However, the billing system software can range from the simplest and most basic to the more advanced billing software for PC with sophisticated features. VSOFT ERP software is one of the best Accounting and Billing software kerala covering industries like retail and wholesale, distribution, manufacturing, restaurants, Hospitals etc. In our daily interaction, rather than much bigger scope ERP also stands for Billing Software, GST software, inventory management and accounting software suitable for small medium business as well.

[digitalkubsimpexstuff]

POS Billing System in Kerala

https://www.kubsimpex.com/kubs-impex/pos-billing-system-in-kerala/

A Point of Sale (POS) is technically a system in a retail store from which you conduct the sale of physical goods. In a store, a POS is where the checkout happens, orders are processed and bills are paid.

Kubsimpex POS is a professionally designed pos billing software system, with a customized tax rate system, i.e. VAT or GST enabled billing Software

(point–of–sale system with GST compliance Invoices ) that makes easy & fast billing to customers.

[eromart]

Buy India’s Best Billing Machine in Erode, Tamil nadu @ Best Price India’s No.1 Advanced Bill Printing Machine Manufacturers and Suppliers with Weighing Scale Attached, Barcode Scanner Options, Computer Keyboard Integration, Retail Billing Software Updated for Provision Stores, Grocery Shops, Supermarkets, Department Stores, Hardware Shops, Hotels, Restaurants, Fast food, Canteens, Textiles, Milk Dairy, Coffee Shop, Café, Salon, Hardware Shop, Custom Applications, PC connectivity to upload / download data, 3 Inch Billing Printer with Inbuilt Battery Backup upto 10 Hours, 3000 PLU Product Store, 50 mm Fastest Bill Printer, Daily Sales / Item wise / Bill Wise Report, STOCK Maintenance, KOT Order Facility, Coupon Printing Options, Discount / GST Options, Manual Entry with RATE Change, POS Billing Options, GST Ready, Multi-User Login, 25 Types Reports, Advanced POS Billing Software for Supermarket, Restaurant, Bakery, Provision Stores, Cafe, Retail Store, Computer Bill Printing Machine in Chennai, Erode, Salem, Namakkal, Tirupur, Coimbatore, Madurai, Tirunelveli, Tuticorin, Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Telangana, Puducherry.

[profiletvm]

Sample Service Agreement- For Software Companies

SERVICES AGREEMENT THIS AGREEMENT made at Trivandrum, Kerala,  this ____ day of _______ 2020 BETWEEN ............................. Private Limited, having CIN No…………….. and  having office at ……………………… represented by ………………., the Director of the Company, hereinafter called the "Developer" And …………………………………. Having office at …………………………………….. hereinafter called the "Customer" WHEREAS the Client has requested the Developer to provide the Client Services Mentioned in this agreement and the developer has agreed to provide the same on the terms and conditions mutually agreed upon; AND WHEREAS the parties hereto are desirous of recording the said terms and conditions. NOW THIS AGREEMENT WITNESSETH AS UNDER: SERVICES OFFERED TO THE CLIENT As Specified in Schedule 1 of this Agreement CUSTOMER RESPONSIBILITIES Assistance. Customer shall provide commercially reasonable information and assistance to The Developer  to enable The Developer  to deliver the Services . Upon request from The Developer , Customer shall promptly deliver Customer Content to The Developer  in an electronic file format specified and accessible by The Developer . Customer acknowledges that The Developer ’s ability to deliver the Services  in the manner provided in this Agreement may depend upon the accuracy and timeliness of such information and assistance. Compliance with Laws. Customer shall comply with all applicable local, state, national and foreign laws in connection with its use of the Services , including those laws related to data privacy, international communications, and the transmission of technical or personal data. Customer acknowledges that The Developer  exercises no control over the content of the information transmitted by Customer or the Identity Cube users through the Services . Customer shall not upload, post, reproduce or distribute any information, software or other material protected by copyright, privacy rights, or any other intellectual property right without first obtaining the permission of the owner of such rights. Unauthorized Use Customer shall: (a) notify The Developer  immediately of any unauthorized use of any password or user id or any other known or suspected breach of security, (b) report to The Developer  immediately and use reasonable efforts to stop any unauthorized use of the Services  that is known or suspected by Customer or any Identity Cube user, and (c) not provide false identity information to gain access to or use the Services . Administrator Access. Customer shall be solely responsible for the acts and omissions of its Administrator Users. The Developer  shall not be liable for any loss of data or functionality caused directly or indirectly by the Administrator Users. Customer Input. Customer is solely responsible for collecting, inputting and updating all Customer Content stored on the Host, and for ensuring that the Customer Content does not (i) include anything that actually or potentially infringes or misappropriates the copyright, trade secret, trademark or other intellectual property right of any third party, or (ii) contain anything that is obscene, defamatory, harassing, offensive or malicious. Customer shall: (i) notify The Developer  immediately of any unauthorized use of any password or user id or any other known or suspected breach of security, (ii) report to The Developer immediately and use reasonable efforts to stop any unauthorized use of the Service that is known or suspected by Customer or any Identity Cube user, and (iii) not provide false identity information to gain access to or use the Service. License from Customer. Subject to the terms and conditions of this Agreement, Customer shall grant to The Developer  a limited, non-exclusive and non-transferable license, to copy, store, configure, perform, display and transmit Customer Content solely as necessary to provide the Services  to Customer. Ownership and Restrictions. Customer retains ownership and intellectual property rights in and to its Customer Content. Customer’s right to use such third party technology is governed by the terms of the third party technology license agreement specified by The Developer  and not under the Agreement. PAYMENT Invoicing and Payment. The Developer shall invoice Customer, as per schedule 1 of this agreement for all fees on the effective date. Customer shall pay all undisputed invoices within 30 days after Customer receives the invoice. Except as expressly provided otherwise, fees are non-refundable. All fees are stated in Indian Rupees, and must be paid by Customer to The Developer  in Indian Rupees Expenses. Customer will reimburse The Developer for its reasonable, out-of-pocket travel and related expenses incurred in performing the Other Services. The Developer  shall notify Customer prior to incurring any such expense. The Developer shall comply with Customer’s travel and expense policy if made available to The Developer  prior to the required travel. Taxes. The Developer  shall bill Customer for applicable taxes as a separate line item on each invoice. Customer shall be responsible for payment of all sales and use taxes, GST, or similar charges relating to Customer’s purchase and use of the services. Customer shall not be liable for taxes based on The Developer ’s net income, capital or corporate franchise. 4.     TRAINING. Developer will provide Customer and its employees with training consultations with respect to the use of the Software as may reasonably be requested by Customer from time to time for after acceptance at no additional costs to Customer ("Training Period"). Developer shall deliver a detailed user's manual to Buyer on or before completion of acceptance that will enable Customer’s  employees who are otherwise unfamiliar with the Software to become adequately informed about using the software. All training that Developer is required to provide hereunder shall be performed at such locations and at such times as are mutually agreed to by the parties hereto . Upon the expiration of the Training Period and following Customer’s  request, Developer will provide any support services necessary to insure Customer’s  continued use of the Software. Such services will be performed on a time and material basis at Developer's then current hourly rates for such services. CONFIDENTIALITY Definition. “Confidential Information” means any information disclosed by a party to the other party, directly or indirectly, which, (a) if in written, graphic, machine-readable or other tangible form, is marked as “confidential” or “proprietary,” (b) if disclosed orally or by demonstration, is identified at the time of initial disclosure as confidential and is confirmed in writing to the receiving party to be “confidential” or “proprietary” within 30 days of such disclosure, (c) is specifically deemed to be confidential by the terms of this Agreement, or (d) reasonably appears to be confidential or proprietary because of the circumstances of disclosure and the nature of the information itself. Confidential Information will also include information disclosed by third parties to a disclosing party under an obligation of confidentiality. Subject to the display of Customer Content as contemplated by this Agreement, Customer Content is deemed Confidential Information of Customer. The Developer software and Documentation are deemed Confidential Information of the Developer. Confidentiality. During the term of this Agreement and for 5 years thereafter (perpetually in the case of software), each party shall treat as confidential all Confidential Information of the other party, shall not use such Confidential Information except to exercise its rights and perform its obligations under this Agreement, and shall not disclose such Confidential Information to any third party. Without limiting the foregoing, each party shall use at least the same degree of care, but not less than a reasonable degree of care, it uses to prevent the disclosure of its own confidential information to prevent the disclosure of Confidential Information of the other party. Each party shall promptly notify the other party of any actual or suspected misuse or unauthorized disclosure of the other party’s Confidential Information. Neither party shall reverse engineer, disassemble or decompile any prototypes, software or other tangible objects which embody the other party's Confidential Information and which are provided to the party hereunder. Each party may disclose Confidential Information of the other party on a need-to-know basis to its contractors who are subject to confidentiality agreements requiring them to maintain such information in confidence and use it only to facilitate the performance of their services on behalf of the receiving party. Exceptions. Confidential Information excludes information that: (a) is known publicly at the time of the disclosure or becomes known publicly after disclosure through no fault of the receiving party, (b) is known to the receiving party, without restriction, at the time of disclosure or becomes known to the receiving party, without restriction, from a source other than the disclosing party not bound by confidentiality obligations to the disclosing party, or (c) is independently developed by the receiving party without use of the Confidential Information as demonstrated by the written records of the receiving party. The receiving party may disclose Confidential Information of the other party to the extent such disclosure is required by law or order of a court or other governmental authority, provided that the receiving party shall use reasonable efforts to promptly notify the other party prior to such disclosure to enable the disclosing party to seek a protective order or otherwise prevent or restrict such disclosure. Each party may disclose the existence of this Agreement and the relationship of the parties, but agrees that the specific terms of this Agreement will be treated as Confidential Information; provided, however, that each party may disclose the terms of this Agreement to those with a need to know and under a duty of confidentiality such as accountants, lawyers, bankers and investors. FORCE MAJEURE. Each party will be excused from performance for any period during which, and to the extent that, such party or any subcontractor is prevented from performing any obligation or Service, in whole or in part, as a result of causes beyond its reasonable control, and without its fault or negligence, including without limitation, acts of God, strikes, lockouts, riots, acts of terrorism or war, epidemics, communication line failures, and power failures. WAIVER. No waiver shall be effective unless it is in writing and signed by the waiving party. The waiver by either party of any breach of this Agreement shall not constitute a waiver of any other or subsequent breach. SEVERABILITY. If any term of this Agreement is held to be invalid or unenforceable, that term shall be reformed to achieve as nearly as possible the same effect as the original term, and the remainder of this Agreement shall remain in full force. NO THIRD PARTY BENEFICIARIES. This Agreement is an agreement between the parties, and confers no rights upon either party’s employees, agents, contractors, partners of customers or upon any other person or entity. INDEPENDENT CONTRACTOR. The parties have the status of independent contractors, and nothing in this Agreement nor the conduct of the parties will be deemed to place the parties in any other relationship. Except as provided in this   Agreement, neither party shall be responsible for the acts or omissions of the other party or the other party’s personnel. STATISTICAL INFORMATION.  The Developer may anonymously compile statistical information related to the performance of the Services for purposes of improving the   service, provided that such information does not identify Customer’s data or include Customer’s name. GOVERNING LAW. This   Agreement shall be governed by the laws of India COMPLIANCE WITH LAWS.  The Developer  shall comply with all applicable local, state, national and foreign laws in connection with its delivery of the   Services, including those laws related to data privacy, international communications, and the transmission of technical or personal data INDEMNIFICATION BY CUSTOMER. If a third party makes a claim against the Developer that the Customer Content infringes any patent, copyright or trademark, or misappropriates any trade secret, Customer shall defend the Developer and its directors, officers and employees against the claim at Customer’s expense and Customer shall pay all losses, damages and expenses (including reasonable attorneys’ fees) finally awarded against such parties or agreed to in a written settlement agreement signed by Customer, to the extent arising from the claim. TERM AND TERMINATION Term of Agreement. The term of this Agreement shall begin on the Effective Date and shall continue until terminated by either party as outlined in this Section. Termination. Either party may terminate this Agreement immediately upon a material breach by the other party that has not been cured within thirty (30) days after receipt of notice of such breach. Suspension for Non-Payment. The Developer reserves the right to suspend delivery of the Services if Customer fails to timely pay any undisputed amounts due to the Developer under this Agreement, but only after the Developer notifies Customer of such failure and such failure continues for fifteen (15) days. Suspension of the Services shall not release Customer of its payment obligations under this  Agreement. Customer agrees that  the Developer  shall not be liable to Customer or to any third party for any liabilities, claims or expenses arising from or relating to suspension of the  Services resulting from Customer’s nonpayment. Suspension for Ongoing Harm.   the Developer  reserves the right to suspend delivery of the  Services if  the Developer  reasonably concludes that Customer or an Identity Cube user’s use of the  Services is causing immediate and ongoing harm to  the Developer  or others. In the extraordinary case that  the Developer  must suspend delivery of the  Services,  the Developer  shall immediately notify Customer of the suspension and the parties shall diligently attempt to resolve the issue.  The Developer shall not be liable to Customer or to any third party for any liabilities, claims or expenses arising from or relating to any suspension of the  Services in accordance with this Section Effect of Termination. Upon termination of this  Agreement or expiration of the Subscription Term,  the Developer  shall immediately cease providing the  Services and all usage rights granted under this  Agreement shall terminate. If  the Developer  terminates this  Agreement due to a breach by Customer, then Customer shall immediately pay to  the Developer  all amounts then due under this  Agreement and to become due during the remaining term of this  Agreement, but for such termination. If Customer terminates this  Agreement due to a breach by  the Developer , then  the Developer  shall immediately repay to Customer all pre-paid amounts for any unperformed  Services scheduled to be delivered after the termination date. Upon termination of this Agreement and upon subsequent written request by the disclosing party, the receiving party of tangible Confidential Information shall immediately return such information or destroy such information and provide written certification of such destruction, provided that the receiving party may permit its legal counsel to retain one archival copy of such information in the event of a subsequent dispute between the parties. If the Customer, solicits the employees of the Developer DISPUTE RESOLUTION. Customer’s satisfaction is an important objective to the Developer in performing its obligations under this   Agreement. Except with respect to intellectual property rights, if a dispute arises between the parties relating to the interpretation or performance of this   Agreement or the grounds for the termination hereof, the parties agree to hold a meeting within fifteen (15) days of written request by either party, attended by individuals with decision-making authority, regarding the dispute, to attempt in good faith to negotiate a resolution of the dispute prior to pursuing other available remedies. If, within 15 days after such meeting, the parties have not succeeded in resolving the dispute, either party may approach the Courts having Jurisdiction over the Developer’s Registered Office Location SIGNATURES. This Agreement may be executed in multiple counterparts, each of which when executed will be an original, and all of which, when taken together, will constitute one agreement. Delivery of an executed counterpart of a signature page of this   Agreement by facsimile or other electronic transmission (including via pdf) will be effective as delivery of a manually executed counterpart. IN WITNESS WHEREOF ,the parties have executed this Agreement by their duly authorized representatives on the dates below written.       Developer                                                                                        Date    Customer                                                                                         Date    SCHEDULE 1 SOFTWARE & PRICE SCHEDULE Read the full article

[cittasolutions]

GST Eway bill system all set to roll over India by February

Nine Indian states and one Union territory are likely to have the e-way bill system under the goods and services tax (GST) in place by the new year in preparation for an all-India rollout by February despite concerns expressed by industry about potential harassment by tax officials.   

Industry executives are concerned that the e-way bill system, an electronic way of tracking the movement of goods, may give tax authorities in the states powers to harass businesses in case of small instances of non-compliance even though it was designed to eliminate state-wise documentation and ensure faster transit of goods by doing away with checkposts at state borders.

The central and state tax authorities decided to move ahead with the measure, suspecting massive tax evasion under the new indirect tax regime that was implemented from 1 July.

An e-way bill will have to be generated for all movement of goods—within or outside a state—amounting to more than Rs50,000 by prior online registration of the consignment. The supplier and the transporter can upload the details about the shipment and get a unique e-way bill number.

Karnataka, Rajasthan and Uttarakhand have all started the e-way bill system. While Karnataka was the first to move to an e-way bill system in September, Rajasthan and Uttarakhand started last week. Kerala, Madhya Pradesh, 

Nagaland, Gujarat, Jharkhand, Meghalaya and the Union territory of Puducherry are likely to launch such systems over the next few days.

At present, Karnataka, which led the implementation, sees an average of 100,000 e-way bills generated every day and inspects only around two in 1,000 shipments. Rejections are less than 10% of the total inspections.

Most states will start the e-way bill system at least on a pilot basis from 15 January. An e-way bill will remove the necessity to have a transits pass. At present, one needs multiple transits passes if the goods are moving through many states. But under the e-way bill system, even if the goods are moving from, say, Delhi to Kerala, only one e-way bill will be generated, said Prakash Kumar, chief executive officer of GST Network, which manages the new indirect tax regime’s information technology systems.

Earlier this month, the GST Council, the federal indirect tax body, decided to bring forward the implementation of the e-way bill system to 1 February for all inter-state movement of goods. For all movement of goods within a state, the deadline for e-way bills is 1 June.

So, Hurry to get Transport management software with GST enable Eway billing system. For more details please visit: www.cargo365cloud.com

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These 10 judgments ought to provide readability on ambiguous guidelines

Whereas the federal government has amended the GST regulation a couple of occasions since its rollout, numerous the adjustments within the provisions and ideas of the brand new oblique tax regime happened as a result of courtroom rulings. Final June, when the Items and Companies Tax (GST) was about to finish a 12 months, former income secretary Hasmukh Adhia had stated that 200-300 writ petitions had been filed in opposition to GST. By the top of the 12 months, over 700 instances had been filed, in accordance with Taxmann, India’s main writer on Taxation and Company Legal guidelines.

A significant chunk of disputes fall in two areas – advance ruling and anti-profiteering orders. This is a take a look at 10 essential judgements associated to GST that had been handed throughout the 12 months:

1. Excessive Courtroom dismisses petition on bringing petrol and diesel beneath GST

The Madras Excessive Courtroom held that it wasn’t entrusted with the facility to difficulty any instructions to the Authorities for bringing gasoline beneath the GST internet. It was solely the prerogative of Central Authorities to behave on the suggestions of GST Council.

2. Switch of enterprise as ‘Going Concern’ is exempt from GST: AAR

Rajashri Meals (P.) Ltd filed an software relating to the sale of one in every of its manufacturing models for a lump sum consideration. The agency needed to know the way the transaction could be handled. The Authority for Advance Ruling (AAR) held that the enterprise will proceed in new palms, therefore such transaction could be within the nature of a going concern. As per the Central GST Act, this doesn’t quantity to produce of products. It might be handled as ‘provide of service’ and, therefore, exempt from GST.

3. Canteen providers supplied to staff is taxable beneath GST: AAAR

The Appellate Authority for Advance Ruling noticed that the applicant, Caltech Polymers Pvt. Ltd, recovered meals bills from its staff for the canteen providers it supplied beneath the provisions of the Factories Act. Though the corporate had made it clear that not revenue margins had been concerned, the AAAR dominated that the availability of meals would come beneath the definition of ‘provide’ as per the GST Act and, therefore, could be taxable.

  4. Provide of meals, drinks in trains to be taxed individually: AAR

This ruling mainly made meals ordered on Indian Railways a bit dearer. The Authority for Advance Ruling (AAR) held that the prepare is a mode of transport and can’t be termed as a restaurant, consuming joint, mess or canteen, and so forth. Due to this fact, the availability of meals, bottled water and the like didn’t boast any component of service so GST ought to be charged on particular person gadgets on the relevant charges. Beforehand, it was charged on the 5% concessional charge.

5. Builder penalised for not passing on the good thing about ITC to consumers

Over a 100 dwelling consumers had filed an software in opposition to Pyramid Infratech for not passing on the Enter Tax Credit score (ITC) of the GST paid on development providers. The Nationwide Anti-profiteering Authority (NAA) directed the corporate to refund or cut back Rs 8.22 crore from the consumers’ final instalment together with 18% curiosity each year to be calculated from the date of the receipt of the surplus quantity from every purchaser. The builder has since moved Delhi Excessive Courtroom.

6. No tax on items procured from one nation and instantly equipped to a different: AAR

Synthite Industries Ltd had filed an software for advance ruling to find out if GST is relevant on sale of products which can be shipped instantly from China to the USA with out getting into India. The AAR held that the products are liable to GST when imported into India. Therefore, within the above case, the assessee is not liable to pay IGST.

  7. No credit score of Krishi Kalyan Cess allowed beneath GST: AAAR

Kansai Nerolac Paints Ltd filed an software for Advance Ruling relating to admissibility of Krishi Kalyan Cess (KKC) as enter tax credit score beneath the GST Act. The AAR held that the ITC of KKC couldn’t be carried ahead beneath GST. The Maharashtra Appellate Authority for Advance Ruling (AAAR) subsequently held that cess and responsibility are separate levies and can’t be equated. The credit score of KKC can solely be utilised for cost of the identical.

8. GST on providers by company workplace staff for different models: AAR

The physique held that company workplace and the models are distinct individuals, so actions carried out by staff of a company workplace for different models of firm shall be handled as provides as per the CGST Act. Therefore, GST could be relevant even when made with out consideration, the AAR dominated on an software filed by Columbia Asia Hospitals. This ruling was subsequently upheld by Karnataka’s AAAR.

9. GST paid beneath incorrect head will be adjusted beneath one other: Excessive Courtroom

The Kerala Excessive Courtroom in November dominated that any GST mistakenly paid beneath one head will be adjusted beneath the proper head. It noticed that the GST Act supplies for the refund of the tax paid mistakenly beneath one head as a substitute of one other, like ‘SGST’ as a substitute of ‘IGST’, however the GST Refund Guidelines additionally converse of adjustment. It was additional noticed that the place the quantity of refund is totally adjusted in opposition to any excellent demand beneath the Act, an order giving particulars of the adjustment to be made in Half A of Type GST RFD-07.

10. GST registration restrict for property co-owners to be checked individually: AAR

The AAR held that when the hire is collected collectively and divided equally between respective co-owners of a collectively owned property, the small enterprise exemption for registration beneath GST can be obtainable to all of the co-owners individually. The overall hire from all of the properties is not going to be an element on this case.

With PTI inputs

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GST Exemption Limit Doubled to Rs 40 Lakh

In a “massive relief” to small businesses, the GST Council on Thursday doubled the limit for exemption from payment of goods and services tax (GST) to Rs 40 lakh and announced that the higher turnover cap of Rs 1.5 crore for availing composition scheme of paying 1 per cent tax will be effective from April 1.

The Council also allowed Kerala to levy a 1 per cent calamity cess on intra-state sale of goods and services tax for a period of up to two years to mobilise revenues to meet the cost of rehabilitating parts of states that were ravaged by floods last year.

Finance Minister Arun Jaitley said the taxpayers with an aggregate turnover of Rs 40 lakh would now be exempted from the GST. For the north eastern states, the exemption would now be Rs 20 lakh. Currently, businesses with a turnover of up to Rs 20 lakh is exempt from GST registration, while the limit for hilly and north eastern states is Rs 10 lakh.

Sources said the annual revenue loss on account of doubling exemption limit to Rs 40 lakh, considering that all states implement it, is Rs 5,200 crore.

Jaitley said the GST Composition Scheme, under which small traders and businesses pay a 1 per cent tax based on turnover, can be availed by businesses with a turnover of Rs 1.5 crore, against the earlier Rs 1 crore, with effect from April 1.

Also, service providers and suppliers of both goods and services up to a turnover of Rs 50 lakh would be eligible to opt for the GST composition scheme and pay a tax of 6 per cent.

The twin decision under the composition scheme would have an annual revenue impact of about Rs 3,000 crore.

“The GST Council in its 32nd meeting today accorded massive relief for MSME sector,” Jaitley tweeted.

On GST rate for real estate, the council has decided for form a seven-member group of ministers after differences of opinion emerged at the meeting, he said, adding there were diverse views on lottery. A ministerial panel will look into it as well.

Businesses opting for the composition scheme would have to file just one tax return annually but pay taxes once every quarter. Also free accounting and billing software will be made available to small assessees up to Rs 1.5 crore turnover.

Jaitley said: “A very large part of GST comes from formal sector and large companies. Each one of these decisions is intended to help the SMEs. You have given them various options. If they are in services sector, they can get 6 per cent compounding, if they are in manufacturing and trading up to Rs 1.5 crore they can get 1 per cent compounding. They can make use of exemption of up to Rs 40 lakh”.

The finance minister said there would be two thresholds Rs 40 lakh and Rs 20 lakh for exemption from registration and payment of the GST for the suppliers of goods, with the facility that one can ‘opt up or opt down’ depending on revenue.

“Few states had a view that if the turnover threshold is hiked to Rs 40 lakh, their assessee base gets eroded. So if they inform the Secretariat within a week then they would be given the option to opt down. Puducherry has kept this option. This is a onetime exception and does not affect businesses with inter-state supplies,” Jaitley told reporters.

Revenue Secretary Ajay Bhushan Pandey said even though currently the exemption limit is Rs 20 lakh, but still there are about 10.93 lakh taxpayers who are below Rs 20 lakh but are paying taxes.

Source : https://www.dailypioneer.com/2019/business/gst-exemption-limit-doubled-to-rs-40-lakh.html