Best free billing software in India? What is Reverse Charge? Usually, when the supplier supplies goods, the tax is levied upon the supplier. In certain cases, the tax is levied upon the buyer of the goods. This is called reverse charge as the chargeability of tax gets reversed. This is not new under GST, as under the previous VAT regime, the reverse charge existed, but only on services. Now, under GST, it will be applicable on goods as well. How taxes are charged before and after GST? Before : Taxes paid by the dealer (Excise) to the manufacturer is added to the cost. When the dealer sells down the chain, VAT keeps getting charged on the sum of actual product cost + excise component, and the VAT keeps getting levied at every point of sale, till it reaches the end customer. After : Taxes paid by dealer (CGST + SGST) to manufacturer is not added to cost. This is because GST allows the dealer to set off the tax liability of CGST + SGST. This is one of the fundamental features of GST, which allows seamless credit from manufacturer to dealer, and eliminates the cascading effect of taxes.
Market is flooded with 1000’s of printer types and brands which is a issue in itself. We developed highly advanced new printing engine to address this issue which allows us to print on any printer of any brand at the speed of up to 60 invoices per minute. RAM management is not a child’s play, it requires experience of years to handle complex things like RAM management. Our dynamic RAM management system reduces memory footprint and free memory when not needed as per workload.
Generate invoice in a click: A unique feature which allows user to generate invoice in a click. Reduces operator workload by up to 43% during rush hours. GST tax invoice: Our billing software is 100% comptaible with GST regulations and user can generate multi-rates and multi-item invoices. Manage Client Accounts: Using our billing software check everything related to client like account balance, account history, invoices, quotations, payments, and cheque alerts. Discover more information on billing software.
Our billing software allows you to generate both GST/Non-GST invoices and seamless transition from Non-GST to GST invoice. You can add any number of items with different tax rates in same invoice. 1. Allows you to switch between Non-GST and GST smoothly. 2. Make sale transition easier from Non-GST to GST. Hitech BillSoft comes with in-built multi-size invoice templates which allows you to generate A4, A5, and PoS receipt size invoices. Our unique dual channel printing engine supports 1000’s of printers available in the market. Saves paper and reduce printing cost. Allows you to switch from A4 to PoS receipts in a click.
We’re Hitech, a ISO 9001:2008 certified software company that serves clients and runs several products for small businesses and growing businesses like ours. Since 2002, Hitech has helped tens of thousands of traders and startups to grow their business and make more money. Our mission is to reduce the stress you feel about your business by giving you access to the tools and data you need so you (and your team) can focus on doing your best work and leveling up your business game. Discover extra information at https://billingsoftwareindia.in/.
