Marthak Software Solutions developed GST Billing software with inventory management. our main objective to give robust system to client with GST Tax features in reasonable rate. Now a days GST Tax will be implementing in India. So for that client trouble to handle this GST Tax Calculation and GST Reports.
GST TAX Introduction
Understand the technical aspects from the standpoint of GST implementation and how ERPs will have to realign with Goods and Services Tax law . Here we tell you about the impact on ERP systems, technological readiness you must do for being GST compliant. Discover more.
The present indirect tax regime is complex and entails multiple taxes and duties. Further, there is a significant cascading effect of taxes on account of various restrictions on cross utilization of credit of one tax against another. In addition to this, multiplicity of returns and compliances at State level, administrative costs, waybills requirement for inter-state movement of goods, add to the procedural compliances to be followed by the assesses.
Introduction of a GST to replace the existing multiple tax structures of Centre and State taxes are not only desirable but imperative in the emerging economic environment. The Goods and Services Tax (GST) is a destination-based value added tax, levied at all points in the supply chain with credit allowed for tax paid on purchases used in making the supply. It would apply to both goods and services in a comprehensive manner with exemptions restricted to minimum.