GST means Goods and Service Tax is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with setoff benefits at all the previous stages.
The GST taxation laws will put an end to multiple taxes like excise, CST, VAT, service tax which are levied on different products, starting from the source of manufacturing, till reaching the end consumer.
There are multiple change-of-hands an item goes through along its supply chain : from manufacture to final sale to consumer.
Let us consider the following case :
- Purchase of raw materials
- Production or manufacture
- Warehousing of finished goods
- Sale of the product to the retailer
- Sale to the end consumer
Goods and Services Tax (GST) will be levied on each of these stages, which makes it a multi-stage tax.
Benefits of GST
Components of GST
There are 3 applicable taxes under GST: CGST, SGST & IGST.
- CGST: Collected by the Central Government on an intra-state sale (Eg: Within Karnataka)
- SGST: Collected by the State Government on an intra-state sale (Eg: Within Karnataka)
- IGST: Collected by the Central Government for inter-state sale (Eg: Karnataka to Tamil Nadu)
In most cases, the tax structure under the new regime will be as follows:
|Transaction||New Regime||Old Regime|
|Sale within the State||CGST + SGST||VAT + Central Excise/Service tax||Revenue will be shared equally between the Centre and the State|
|Sale to another State||IGST||Central Sales Tax + Excise/Service Tax||There will only be one type of tax (central) in case of inter-state sales. The Center will then share the IGST revenue based on the destination of goods.|
We’ll Develop and Support Accounting & Billing Software for your Business.
India’s First GST Ready Business ERP Software : for Supermarkets, Mobile Shops / Computers / Electronics / FMCG Dealers, Retailers / Wholesalers / Distributors / Traders / Stockist / Manufacturers / Comission Agents / Services Providers / Automobile / Spare Parts / Book Shops, Bakeries, Grain Market, Pesticide, Schools, Colleges, Library Mgmt. System, Courier Agencies, Hotels, Restaurants, Milk Dairies, Milk Chilling Plants, Dry Cleaners, Banking / Finance Companies, Church Mgmt. Software, Cold Stores Mgmt. Software, Weighing Scales/Dharmkanata, Garment Stores, Apparels, Shoe/Footwear Stores, Pharmaceutical Dealers, Clinical Labs, Sabzi Mandi, Shuttering / Scaffolding Stores, Others Business etc
A Complete GST Based Business ERP Accounting & Billing Software
Our retail Point of Sale software solutions are designed to address the challenges of Small & Independent Aspirants, Retailers and large multi-store Retail Chains. Their sector specific orientation, built using latest technologies, assure retailers ‘a visible improvement’ in customer engagement, by helping them source the right product at right price at the right time.
Digit24 Distribution Management software is specially designed for C&F/C&A, Distributors, Stockist, Super-Stockists and anyone who is a Trader of anything. It covers all major operations like Sales, Purchase, Inventory, Re-order, Financial Accounting, MIS & GST reports, Claims and Returns.
Digit24 Manufacturing Software is specially designed for Small Manufacturing/ Assembling units to High-end Manufacturing plants, by seamlessly integrating all transactions in production planning, costing, order management, purchase, testing, manufacturing process, inventory, sales, financial management, GST returns, excise till balance sheet.
Every Company process payroll for its employees; as a company grows manual processing becomes difficult. We should design the software which can meet all the requirements of the user; there is no need of manual entries, automatic generation of reports and capable of easy customization. So, Digit24 has designed its Payroll Software to meet up the requirements of user.
Developed with a mission to revamp the entire business process of inventory management, the Digit24 Inventory Software is popular for its exceptional features. It is specifically customized as per your trade to offer nothing, but the best professional aid to maintain your inventory for maximum clientele.
By Counter Sale Entry, multiple salesmen can handle multiple customers on single computer. From Digit24 GST Based Accounting and Billing Software, it’s a superb gift for over busy counters. Multi customer handling provision and Direct interaction with database no need to save. Customer merge provision with Purchase bill feeding on counter entry and Operator wise counter sales. Supervisor can see all counter sales and Counter sale to Bill conversion.
In some business schemes management are very important part of billing. There are several ways to issue Free schemes, which are not possible in every software. In Digit24 GST Based Accounting and Billing Software, all ways are available to issue free schemes automatically.
In Digit24 GST Based Accounting and Billing Software, Discount System is fully advanced. In this different types of discounts are available like- Percentage, per unit, Lump sum etc. in this you can set Bill wise, Item wise or Group wise discounts.
In Digit24 GST Based Accounting and Billing Software, barcode can be generated in GS1, Serial, Shuffle, Composite etc ways. In Marg, we have developed advance system to manage International and self- Barcode.
Attractive Reports of Your Business
In Digit24 there is lots of sales, purchase, Day Book, Barcode Reports, Stock Reports, GST Reports, Balance Sheet, Ledgers & MIS reports etc, after huge report collection we can’t commit you that all your report requirements will fulfill through these readymade reports. In our Digit24 Software, we had developed a report designer by which you can design your own reports as easy as you are typing in Ms-word. By this option 3rd party can also develop reports programmatically and can also run directly from our Digit24 software.
Easily Import & Export your Data
The main objective of this option is that if your CA is using the Tally or any other Software and he wants the data of your firm in Tally or any other software but you are using the Digit24 Software to maintain your Accounts & Inventory. So through this option you can generate the files and by using this files CA/ End user can easily import the Digit24 Software data in Tally or any other Software. Digit24 Software have a unique feature to convert the Tally or any other software data in Digit24 Software. Digit24 software data will also be converted into the Tally.
In our Software, there is a facility of direct SMS of Bulk SMS to Debtors, Creditors, Field Staff and any account group, Personal Directory, Excel List (software auto select Mobile Numbers from Excel Sheet), SMS Ledger Statement to Party, SMS Outstanding to Party/Field Staff and Mobile Identifier (Location Search).
There is facility to send Email through SMTP Like Gmail, Yahoo, Hotmail, Rediffmail, IBIBO etc..as well as to send e-mail through outlook. You can e-mail softcopy of invoice to the customer automatically for purchase import. You can e-mail party’s ledger on single click and can e-mail any report to customer, field staff or any e-mail id. Moreover you can also e-mail / SMS the report generated from the software.
When salesman collect orders from shop to shop and generate bills from those orders. In this process lot of time gaps occurred and chances of errors are very high. But by the help of this add-on sales man can collect the order through laptop, tablet or mobile which will automatically get transferred to server and will convert into bill on a single click without any wastage of time.