Free billing software from Hitech BillSoft? 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 automation and we are still relying of manual staff attendance which increases our workload. Our fully automated fingerprint based attendance system keeps tab on staff attendance and makes them punctual by deducting salary while absent or late. Most of the softwares do not utilize full potential of modern processors. After years of research we developed next generation data processing engine which shifts loads on unutilized core automatically to increase application responsiveness.
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 info on billing software.
Using our billing software you can manage purchase returns and inventory will be adjusted accordingly. Purchase returns will adjust supplier account automatically. Our billing software allows you to manage supplier accounts easily using our simplified forms and state of the art user interface. Ledgers will generated automatically based on transactions like purchase, purchase returns, payments, and adjustments. Payments and account adjustments are integral part of any business and our billing software helps in doing this easily. Cash, Cheque, Bank Transfer, and Mobile Wallet payments can be added easily. Previous payments and adjustments can be modified.
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. Find additional info at https://billingsoftwareindia.in/.