The GST is a taxation scheme where there is a single tax within the economy for goods and services. This taxation system is meant to create a single taxation system in the entire country for all goods and services. What are…
Promote your Business Tax with two greatest changes in the Indian economy in the last few decades, GST (the other one being Demonetization) had a lot of buzz surrounding it ever since August 3rd, 2016, the day it was announced.…
What is Goods and Service Tax GST is a Target-based tax, as against the current principle of origin based taxation. The new tax scheme follows a multi-stage collection mechanism wherein tax is collected at each stage and therefore the credit…
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…