Top billing software in India? What is Reverse Charge? Usually, when the supplier supplies goods, the tax is levied upon the supplier. In certain cases, the tax is levied upon the buyer of the goods. This is called reverse charge as the chargeability of tax gets reversed. This is not new under GST, as under the previous VAT regime, the reverse charge existed, but only on services. Now, under GST, it will be applicable on goods as well. How taxes are charged before and after GST? Before : Taxes paid by the dealer (Excise) to the manufacturer is added to the cost. When the dealer sells down the chain, VAT keeps getting charged on the sum of actual product cost + excise component, and the VAT keeps getting levied at every point of sale, till it reaches the end customer. After : Taxes paid by dealer (CGST + SGST) to manufacturer is not added to cost. This is because GST allows the dealer to set off the tax liability of CGST + SGST. This is one of the fundamental features of GST, which allows seamless credit from manufacturer to dealer, and eliminates the cascading effect of taxes.
This is age of mobility and smartphones and keep worrying about business while away from our office/shop/store. Our Android App brings daily and monthly business data at your fingertips which helps you in taking well informed decisions. Data becomes most integral part of our life and data loss can bring any business to standstill. Our advanced fully automated data backup system reduce chances of dataloss manifold and keeps your data secure by encrypting it.
India’s fastest billing software which comes with inventory, GST, barcode, SMS, email and android app. Most simple and powerful billing software, Easy and powerful GST billing software for: Small Businesses, Retailers, Wholesalers, Freelancers, Service Providers and many more… Start using our billing software which comes with best in class smart features to help your business grow. Offline desktop application: Why to stop billing when internet is not available? Our billing software works offline without internet connection and comes with best in class multi core business engine and billing features. Find additional information on invoicing software.
We at Hitech, understand the importance of fast billing and pressure you feels during rush hours. Hitech BillSoft comes with a unique feature which allows you to generate invoice in a click. In retail billing more than 43% bills can be generated using this feature. Speedup client processing time. Reduce pressure during rush hours. Credit sales are one of most important and neglected aspect of any business. Our billing software allows to track and manage your credit sales and keeps your overall credit exposure in check which reduces loss and risk of default. Reduce your overall credit exposure. Increases profitability by reducing credit defaults.
We’re Hitech, a ISO 9001:2008 certified software company that serves clients and runs several products for small businesses and growing businesses like ours. Since 2002, Hitech has helped tens of thousands of traders and startups to grow their business and make more money. Our mission is to reduce the stress you feel about your business by giving you access to the tools and data you need so you (and your team) can focus on doing your best work and leveling up your business game. Read additional details at https://billingsoftwareindia.in/.