What are the components of GST? GST is a combined scheme of making central and state taxes together. there are three types of taxes – Central GST and State GST and IGST (Integrated GST) for interstate transactions. Since every the…
Restaurant POS software is used to process orders, making payments, and managing inventory levels. In essence, it can place everything regarding establishment’s sales in order. though it’s turning progressively indispensable for businesses across industries, not each restaurant is on board.…
Every business person needs ways to run their business in a successful way i.e. business transaction should be maintained properly, get comparison of sales on every years, important alerts. Asimot Point Of Sale Software is designed to handle all needs…
Introduction A tax may be defined as a “Business burden laid upon individuals or property owners to support the Government, a payment exacted by legislative authority”. A tax “is not a voluntary payment or donation, but an enforced contribution, exacted…
Why does a person run a restaurant? Certainly, the passion to cook and make a profitable business out of it. Unlike a retail business, the owners of a restaurant have a most critical situation to handle the customers right from…
The Impact in Restaurant Sector With the passing of the Goods and Services Tax Bill, the nation’s Food and Beverage Industry has been left both flustered and fluttered. As because of indirect tax, this affects both the manufacturer and the…
The Goods and Services Tax is a valid step towards indirect tax reforms, that will combine a large number of Central and State taxes into one tax and prevent double taxation to pave the way for common national market. GST…
We all live in a digital world where many things get obsolete really fast. It’s all about the cloud now because all your data is safe and secure off-site, with 24/7 access, seals the deal for many business owners transforming from…
Goods and Services Tax is an indirect tax that will be levied on goods as well as services. All the existing state and central indirect taxes will be subsumed under these apart from Customs Duties. It will be applicable in…
Goods and Services Tax applied on the acquisition of goods and services can be set off against that payable on the supply of goods or services. The producer or wholesaler or retailer will pay the applicable Goods and Services Tax rate but will claim back…