GST Billing Software

Goods and Services Tax is the new multi stage, unified and consumption based tax levied on sale, manufacture and consumption of Goods and Services at national level to replace national and state tax systems like VAT, Excise Duty, Service Tax, etc. which exists now. The cascading effect of tax-on-tax is expected to remove which is prevalent presently. It is applicable to each business user’s who are into Manufacturing, Trade, E-commerce or Services. Depending on the level of compliance with Goods & Services Tax rules GST Compliance Rating is given to businesses which is a numerical rating. On merit basis, refund claims under the GST regime will also be processed, i.e on the GST compliance rating of the registered taxpayer. The refunds will be made in terms of percentage of amount based on the taxpayer’s individual rating and it is expected that certain slab rates will be maintained for various taxpayers falling under various bandwidths of compliance rating. The refunds process is made easier for businesses with higher compliance ratings....