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…
GST Software Figure out the technical aspects from the point of GST execution and how ERPs will have to realign with Goods and Services Tax law . Here we tell you about the impact on ERP systems, technological readiness you must do…
Managing a bakery is not a easy business, but if you’re a bakery owner you know that the long hours and hard work are well worth it. None other can beats the warm bread, fresh desserts, and satisfied customers that…
Restaurant owners is made to work on a critical budget. Manual calculation and management of all the processes in a retail business are time consuming, and can increase costs due to inefficiency. That’s why Asimot point of sale system can…
Goods & Services Tax (GST) is a direct approach to an indirect tax scheme. The “One Nation One tax” brings several state collected taxes like the (VAT)value-added tax, entertainment tax, sales tax, cess, excise tax, purchase tax etc. The two sections of…