The Goods & Service Tax (GST) is the biggest tax reform which aims to harmonize tax on good & services across every state in India. The GST is expected to increase India’s GDP by almost 8%.
GST is a crucial ingredient in the fiscal structure of India, aiming to eliminate multilayered indirect tax regimes which used to prevail in India. A uniform taxation system will ease up the movement of commercial goods & material as the tax will be directly come right from the manufacturer/service provider.
ERP Buddies Inc’s GST compliance can come with CGST, SGST, IGST, TDS calculations & Statutory reporting.
Define GST registration information at varied entity levels.
Catch tax details at vendor & customer specific level
Multiple attribute based tax code determination
Identify all types of tax types
Configure tax codes & groups
Define auto numbering for invoices & sales
GST posting tax input & output
Returns of GST tax
Compliant with consumption tax or destination based tax
Credits of input taxes paid at each step will be visible in the step of value addition.
Flawless credit all over the supply chain process reduces cascading taxes on the cost of goods & services.
Center will enact Central Goods & Service Tax (CGST) & Integrated Interstate Good & Service Tax (IGST), States Goods & Service tax (SGST) legislation. CGST & SGST both will be impose on intra-state supply of goods & services WHEREAS IGST will be applicable in every state.
ERP Buddies is a North American NetSuite Partner (Software Vendor) with diverse experience in implementing ERP systems for multiple companies across wide industry verticals with a true cloud solution.
With offices in the U.S, Canada (North America), Philippines, India (Asia) and UK, Spain (Europe), our experts are accessible globally and make it their priority to create a smooth and positive experience for clients. Our experts assist clients throughout the entire implementation process, with on-site support and consultation, along with additional assistance in customizing your system functionality to guarantee it meets your business needs.