GST Overview
"One nation, one tax, one rate" will be the new identity of India. Goods and Service tax (GST) in India is hyped as the single largest tax reform since independence. It I estimated to boost GDP by 1.5 to 2%. The benefits of simplified compliance, technological backing and uniform process all over will contribute significantly the 'Ease of doing Business' while also bringing-in tax compliance and transparency. The current taxation system in effect is very complex with more than ten repetitive indirect taxes. In this taxation system neither manufacturers, nor ultimate consumers are benefited. All the gains are pocketed by middle man.
The arrival of GST would be a significant step in the field of indirect tax reform in India. By combining the large number of Central and State Taxes into a single tax and allowing set-off of prior-stage taxes, it would mitigate the ill effects of cascading. It will pave the way for a common national market. For the consumers, the biggest gain would be in terms of reduction in the overall tax burden on goods, which is currently estimated at 25%-30%. Introduction of GST would also make products competitive in the domestic and international markets. The chances are that it would instantly spur economic growth. There may also be revenue gain for the Center and the States due to widening of tax base, increase in trade volumes and improved tax compliance. Last but not the least, this tax, because of its transparent character, would be easier to administer.
Transforming Economy and Bringing Transparency
One Nation, One Tax, One RateGST Based Customized Software For Any Business
Verloop Web provides fully customized GST compliant accounting software for every type of business needs. Whether you're sending bills for your professional services, running a retail store, invoicing customers for repair work, or running an internet business, We can simplify your billing and save you time and money.
The goal of Verloop Web is providing a newly accounting software following the new GST norms that are soon going to be followed from July 01, 17.
You can simply call or email us to clear out any queries or to better understand about our GST compliant accounting software. Our experts can meet you and describe you how we customized the software according to your need.
GST Based Accounting Software for Retailers
- Verloop Web provides the perfect GST Based Retail Software using which it becomes easy for the retailers to take the below points as an advantages.
- Software will specially be designed based on the needs of a particular sector.
- Easily handle taxes of your products corresponding to your city and state.
- Store your customers, retailers and party details and get in touch.
- Complete Software - You only have to enter data once, Software will take care of everything else on its own. It will generate all the reports, take care of all rules and regulations and even guide you at times.
- All reports generated by software are Government Compliant as per GST norms
- Invoice/Bill generation with the GST tax calculation and GST rules regulation.
GST Based Accounting Software for Textile Business
Verloop Web offers certified GST compliant Accounting Software in Surat. The software is designed to handle all the needs in most efficient, effective and accurate way. We are committed to provide the best supporting system for the Textile Business upgrading itself from time to time according to the market needs.
Listed below are some of the features that the GST Based Accounting Software will be holding:
- Simple software to handle complex GST
- Powerful Software capable of handling multiple functionalities and accomplishing complex tasks
- Complete Software - You only have to enter data once, Software will take care of everything else on its own. It will generate all the reports, take care of all rules and regulations and even guide you at times.
- The incomparable After Sales Service and Training Support is the key behind its success.
- All reports generated by software are Government Compliant as per GST norms
- Invoice/Bill generation with the GST tax calculation and GST rules regulation.
GST Based Accounting Software for Power Looms
Verloop Web serve you with fully computerized Weaving Management Software to manage your looms production, contracts, warehouses, stock, sales and purchases. Integrated with accounts management system means that your ledgers / trial balance, profit and loss, balance sheets are auto maintained. Process the orders contract wise, view reports with different dimensions and filter according to your desired results.
Listed below are some of the features that the GST Based Accounting Software will deliver:
- Handy tool in loom management.
- Production management for loom and weaver.
- Auto maintenance and closing of Accounts.
- All reports generated by software are Government Compliant as per GST norms
- Simple software to handle complex GST
GST Based Accounting Software for Embroidery Business
The Embroidery Business just like in any other business accounting and finances is important. From knowing what orders are coming up and what’s been paid, to knowing how much you are spending on blanks, marketing, rent, and so much more.
The good news is that there is great accounting software out there, aimed particularly for small businesses. Here's some feature of the accounting software for your embroidery business.
- Our GST-ready accounting software generates all your financial reports, auto-calculates tax liabilities, and helps you file your GST returns without any hassles.
- Never be afraid to do more with your accounting software. We are automates your business workflows and lets you build layers of functionality to cover the most unique business use cases.
- A helping tool in Finance reporting
- Tracking Income and Expense, which is indeed very important for your business.
- Data Backups
Comprehensive cloud accounting and inventory software for growing businesses Secure, scalable and properly managed data with automated back up.
Software Highlights
- User Friendly
- Multi-User Capabilities
- Access Anywhere, Anytime
- Data Safety
- Integrated Sales / Purchase Inventory
- Orders Invoice and Challan Generation
- Highly Secured
- Access Control
- Profit and Loss Account
- Multiple Reports
- Robust Data Security and Access Control
- Hassle Free Deployment and Maintenance