GST Billing Software Services Junagadh


Buy GST Billing Software Call:- +91 9737459777

 what is GST?
GST - Goods and Services Tax
It mitigates double taxation and make Indian products more competitive.   



Goods & Services Tax(GST) is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.

To understand this, we need to understand the concepts under this definition. Let us start with the term ‘Multi-stage’. Now, there are multiple steps an item goes through from manufacture or production to the final sale. Buying of raw materials is the first stage. The second stage is production or manufacture. Then, there is the warehousing of materials. Next, comes the sale of the product to the retailer. And in the final stage, the retailer sells you – the end consumer – the product, completing its life cycle.

What is GST and Central GST?


For transactions within a State, there will be two components of GST - Central GST (CGST) and State GST (SGST) - levied on the value of goods and services. Both the Centre and the States will simultaneously levy GST across the value chain.

In the case of inter-State transactions, the Centre would levy and collect the Integrated Goods and Services Tax (IGST). The IGST would be roughly equal to CGST plus SGST.
 

How will GST affect the common man?

Goods and Services tax is an indirect tax that is applicable throughout India and is replacing different taxes levied by the state and central government. This tax system would amalgamate several central and state taxes into a single tax and eradicate double taxation. It would enable the goods to move from state to another without any stoppage at state borders for payment of state tax and also reduce the paper work to the large extent.

 GST is expected to be applicable from 1st July 2017. The various indirect taxes like entertainment tax, central excise duty, service tax, octroi, value added tax (VAT), central sales tax (CST), etc. would be replaced by the single tax system-GST. Every business has to file 3 returns per month, i.e. 36 returns and one annual return that means 37 returns in a year if you are dealing in a single state. This number would increase accordingly if you were trading in more than one state.





       What are the benefits of GST in india?

  


The tax structure will be made lean and simple.
The entire Indian market will be under single umbrella about taxation.
It can bring more transparency and good compliance.
Number of departments (tax departments) will reduce which in turn may lead to less corruption.
More business entities will come under the tax system which would lead to more revenue tax collections.
Companies under unorganized sector will come under tax regime.
Final Price of goods to be lower.
Will boots foreign investment 
Generate more employment   

Which are the items that could become costlier and which are those that could become cheaper?

Broadly, services are expected to become costlier under the GST regime, as the expected GST rate would be higher than the existing service tax rate of 15%. Clearly, the GST is expected to bring down prices of indigenously manufactured goods on account of current effective indirect taxes (central excise @ 12.5%, State VAT @ 5%-15% etc.) being higher as compared to recommended lower GST rate @ 5% and standard GST rates @ 12% and 18%. Thus, price of certain category of goods may come down depending on the effective rate of indirect taxes being paid at present and the tax brackets under which goods are classified under the GST.

 






GST Billing Software Services in Junagadh,Rajkot,Surat,Keshod,Mangrol,Somnath.

Memento Technolgies Junagadh Provide GST Billing Software in JUNAGADH,KESHOD,RAJKOT,SOMNATH.

Billing System with GST
Stock Management
Reports
Expanse
Sales Module
Purchase Module
Date wise Search
Dealer Account
Company Account
Categories List
Product List
Notifications
SMS System











Please contact For Buy this Product:-

contact person:-satish dodia
phone:- +91 9737459777/8141600900

website :- www.mementotech.in

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