Premium 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.
PoS/Thermal printers are getting common day by day and now Hitech BillSoft comes with built-in support for PoS receipts. Our advanced printing engine can generate PoS receipts of size 50mm to 100mm at the rate of up to 60 receipts per minute. SMS/Email are most important communication medium in business environment and that’s why Hitech BillSoft comes with built-in functionality for sending SMS/Email directly from our billing software. We supports most of the API’s and Email Gateways (Gmail/Yahoo/POP).
Our billing software comes packed with 100+ business reports which helps you understanding your business performance better. Biometric staff attendance: Our billing softwares comes with India’s most simple and fully automated biometric based attendance and salary management system. Using our billing software you can manage staff salary, attendance, commissions, and ledger account. Salary calculations can be automated using biometric. Hitech BillSoft comes with built-in Dual Channel SMS and Email Server which helps you in better communication with clients. Read even more information at accounting software.
Our billing software generates detailed report of profit and loss margin on sale of each and every item during a period which helps you in focusing more on areas where you are loosing. Reduces chances of loss on sale of item. Helps in increases overall profitability. Download Hitech BillSoft latest version from anywhere, and it’s free. Supports Windows 7, 8, 8.1 and 10. Hitech BillSoft allows you to keep record of purchases and manage your inventory accordingly. You can also add item barcode or serial number while entering purchase bill.
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. Discover extra information at https://billingsoftwareindia.in/.