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.
Market is flooded with 1000’s of printer types and brands which is a issue in itself. We developed highly advanced new printing engine to address this issue which allows us to print on any printer of any brand at the speed of up to 60 invoices per minute. RAM management is not a child’s play, it requires experience of years to handle complex things like RAM management. Our dynamic RAM management system reduces memory footprint and free memory when not needed as per workload.
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 even more details at free 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 built BillSoft to be smart and simple. It’s powerful and easy to use. It’s fun and businessy. We make BillSoft because we think software can be all of these things. And that’s why we want to make it easy for you to try. We’re proud to say that our customer support team strives to save you time and money by solving your problems as quick as possible. We collaborate with all members of the team to find our user’s most pressing needs and figure out ways to give them the best solutions. We work hard to ensure Hitech BillSoft is up to date and usable by users all over the planet and we release new updates often, to help our users better solve their problems. Read additional info at here.