What is GST bill in India?
GST stands for Goods and Service Tax. The indirect tax on production, sale and consumption of goods and services at national and state level. It is introduced to replace many indirect taxes and services like State VAT, central Sales Tax, Entertainment and amusement Tax, Entry Tax, Purchase Tax, Luxury Tax, Tax on Betting, Lottery and gambling by the Indian state and central government.GST is consumption based tax, it means that the state in which final sale to consumer is made to entitled to get the tax. GST is applicable to all goods other than crude petroleum, motor spirit, diesel, aviation turbine fuel and natural gas.
What are the Particular taxes which are replaced by GST?
GST would replace following taxes
- Taxes currently levied and collected by Central Government
- Central Excise duty
- Duties of Excise – medicinal & toilet preparation
- Additional Duties of Excise – Goods of Special Importance
- Additional Duties of Excise – Textiles & Textile products
- Additional Duties of Customs (CVD)
- Special Additional Duties of Customs (SAD)
- Service Tax
- Central surcharges and cesses so far as they related to supply of goods and services
Taxes currently levied and collected by State Government
- State VAT
- Central Sales Tax
- Luxury Tax
- Entry Tax
- Entertainment and Amusement Tax
- Taxes on Advertisement
- Purchase Tax
- Taxes on lotteries, betting and gambling
- State surcharges and cesses as they related to supply of goods and services
Administration of GST in India
There will be two divisions of GST
CGST (Central Goods and Service Tax)
SGST (State Goods and Service Tax)
As per the bill extra added Tax not exceeding 1% on the supply of goods within state trade should be collected by the centre.
Such extra tax can be directly assigned to the states from where the supply originates. This would not be a part of the Consolidated Fund of India (except for the amounts due to the union territories).
This can be executed for a period of two years, or as recommended by the GST Council. The centre may exempt certain goods from its preview and formulate principles for the determination of place of origin related to supply of good.
The Bill proposes that the GST Council can recommend for setting up of an Integrated GST (IGST). the centre might levy and collect GST on provided with the course of inter-state trade or commerce. The tax collected would be divided between the centre and therefore the states as per law.
GST can replace a multiplicity of taxes on product, like excise duty on autochthonous manufacture and on imports, VAT, CST, purchase tax, entry tax, and varied cesses and surcharges. it’ll additionally replace amusement tax, luxury tax, taxes on advertisements and taxes on lottery, sport and gambling. moreover, GST are going to be accessible as input step-down.
The levy of GST are going to be at the same time created on identical dealing by the states and central. Consequently, the subject price are going to be identical for the aim of each state & central GST.
GST feature helps you to maintain taxes based on products. It shows complete GST details by using Unavu point of sale software.
There are many reasons to buy a Restaurant Point of Sale System. Whether its ease-of-use, splitting checks, real-time sales reports, integration to mobile solutions for reporting, customer interaction, mobile payments , you can put together a solution that’s crafted to your unique business need and budget.
Running a profitable restaurant, however, is easier to say than doing it. With payment processors now mandating EMV terminals and threatening “chargeback” to restaurants that don’t install them, you run the risk of having to absorb in excess of $1,000 on a single day!!!! That’s why Pay-at-the-Table is one new technology we’re convinced ALL restaurants should invest in.
Here are 7 reasons that you should be sure your next POS systems includes EMV Pay-at-the-Table:
Avoid “Chargeback” Expense to Restaurants
Restaurants that has wired EMV terminals configured ,the “Chip & PIN” configuration of Pay-at-the-Table devices provides additional protection against chargeback on stolen or counterfeit cards
Speed Table Turns
Pay-at-the-Table allows restaurants to tender payment and provide a final payment receipt tableside.so,the POS system for tendering payments, tables will turn faster, there will be minimum congestion and employee productivity will increase.
Best Customer Service
Pay-at-the-Table devices improve customer satisfaction for patrons in a hurry to pay and ease concerns about identity theft because customers never lose sight of their card.
Less equipment costs
In some cases, restaurants may not need to purchase an EMV terminal for every POS station but may, instead, share a reduced number of wireless PIN pad terminals among the servers.
Improves PCI Compliance
When wireless EMV terminals are used, the sensitive cardholder data never enters the POS environment, which means that POS software and terminals are considered “out of scope” for PCI Compliance.
Rectify Dissatisfied Patrons Before they Leave
It’s easy to enable an optional one question dining experience survey on the Pay-at-the-Table device.
Be sure that your new POS system has EMV Pay-at-the-Table. It will not only boost profitability, but it will make your customers happy.
Unavu Restaurant Point of Sale System with PATT, restaurant staff can bring a small, wireless payment terminal directly to the customer to pay a guest check, with all the security and fraud prevention that is provided by EMV/Chip Payment Cards transactions. The payment is processed instantly while the server is tableside, and even works with large parties and split checks.
Now a day photograph is fast growing business, and with minimum there is intense competition for the customer. Getting ahead of Using UnavuPOS photo studio management software support current trends with photography and video, furthering brand recognition for business, and increasing operational efficiency are necessary to becoming the choice.
In order to accomplish this, here are 3 tips to grow your photo Studio
About 80 percent of photo studio say most of their customer are from referrals, proving that word of mouth in the Marriage event is one of the most effective marketing strategies. Increasing the customers with discounts to refer your business is a win-win by maintain the quality for Photo and video in every events ; it both expands your customers base and increases the customers. As a result, maintain better relationship with customers to create stronger and build trust with your target customers
What would be the best, if you can find a great wedding photographer in budget price for customer and provide luxury services, with more offers in event like
- Traditional Photography
- Candid Photography
- Traditional Videographer
- Cinematic Videographer
Give them confidence to believe your service with flexibility price’s based on events within reason. Even when customers were at their most conscience, you can raise prices for incoming customer and learn the power of managing customer information to bring back the customers for next event to their most valuable clients.
One of the best to know if you are doing things right is to ask the customer. Promote your photo’s and video’s which was design by your organisation and get impression and like and comment you receive direct feedback from Facebook, LinkedIn, Pinterest, Google+ Twitter, etc., you can engage with customers to keep a touch on upcoming trends and competitive offerings. Also, social media promotion for free advertising, providing an interactive way to enhance branding and target specific demographics.
A POS system for a bakery simplifies the transactions to a great extent. One of the many benefits the system gives you is the capability to take orders and not have a receipt in printed formats, which you need to keep safe and track accurately. when the employees of a restaurant work on special orders such as birthday cakes, large orders of pastries and wedding cakes. All orders can be listed, organized and managed according to your timeline and generate live reports of what is best and worst selling items.
A bakery POS system assists in speedily taking and filling orders of those purchase goods from the outlet. Moreover, a POS system features provisions to calculate totals and taxes as well as being able to take payment directly through the system. This is handfull for big orders with many items.
The UnavuPOS system for bakery orders can be used to generate invoices. Being of special benefit to bakeries that make deliveries, POS system reduce costs, time spent, as well dependence on big manpower to do the tasks. With an invoice on a POS system, the recipient can quickly and easily read everything which is on the invoice while they are receiving the delivery.
The invoice can even programmed to show the price of all products, as well as the total amount which needs to be paid for the delivery.
The advantage of using the UnavuPOS system for bakery invoices is the ability to easily account for all deliveries. This will not only make sure all deliveries are made on time and with the right items in the delivery. With the UnavuPOS system allows you to keep track of all sales when determining out sales, costs and other accounting logistics which are necessary to properly run your business.
Separate Screens for Individual Bakeries
The screens on your bakery POS system will look different from the next bakery. This is not only because you will have different items to sell. This is also because you will have a different method for what makes the most logistical sense for your company. Instead of having everything on one screen, you may feel you want to set up the screens where you have sub-screens.
India biggest reform, Goods & Services Tax scheme implementation is a little bit closer, Combine a number of central and state indirect taxes into a single levy. The finalisation of rate structures for goods and services, although subject to formal approval by the GST Council, has set the ball rolling for a pan-India GST roll out by July 1. As the GST Council has finalised the rates of the new tax for most goods and services, the companies and the other tax payers must start adjusting their accounting systems to roll out the new tax at the earliest. The implementation of GST will allow free flow of tax credit in intra and inter-state transactions leading to more efficient markets and leaner tax structure. Following are the changes that the economy, the government & the common man will witness post implementation of the new indirect tax system:
Prices Are Neutral for Most of the Goods
However, for certain food, agro products of daily use like soap, hair oil etc. the new price are considerably lower. As a result the overall impact is likely to be inflation neutral.
Changes of Process to Taxman & Tax Payer
Tax controlling will be easier on account of the strong GST Network platform where all returns will be accessed quickly in a user-friendly manner. This will help revenue officials in monitoring the sequence of supply of goods and services as well as flow of input tax credit.
Gross Domestic Product & Government Finances
In the short-period, GDP growth is unlikely to receive a booster as the adoption of a brand new indirect tax structure will entail a meaningful disruption. From the Government finance point of view, Central Government finances will be unfavorably affected in FY18 as it will have to pay compensation to supplier-state.GST can increase working capital requirements across manufacturing sectors on account of tax liability on inter-state tock transfer’. Accordingly, businesses will not be able to claim their tax credits until the delivered goods are sold
Improvement for the Organized Sector
Need for registration and filing of returns in many states, compliance costs are likely to go increasing. This will also impact some of the smaller entities in Small and medium sized dominated sectors. Over the long-period this is likely to lead to conclude and share gain in the organized sector.
The rollout now appears certain on July 1, unless there is any unexpected development. The government is ready and so is the large businesses coupled with mid-size companies. There is still a month time for the rest of the businesses to be ready and get registered under the new tax scheme. GST, being ‘one country, one tax’ format, thanks to lower rates and efficient taxation and, as a result, better compliance. This implies, it will also be boost up for the Indian value as well for the medium to long term point of view.
Introduction to Inventory Supermarket Management System
An inventory management system is a software that keeps an account of everything in a business. Inventory management software is a must for smooth business dealing and controlling every account in every department so you have a record of everything in your business which also improves your company. But while getting an inventory management software for your business you need to make sure that it helps your business in a maximum way.
In case of supermarket management to keep an account of the inventory is one of the most important part of the business ,it must have the features that makes your business easier by taking care of your staging area.
Issues with Inventory Management
We all know that this happens too often when we walk into a store and the product that is not found we are looking for. Out of stock issue needs an addressing as soon as possible but we always seems to be with this issue everywhere we walk into once in a month at least and the stock production or arrival delays. It might not be a loss for the customers because they can always find the items in other stores or from some other merchant.
Answer for Your Inventory Problem
For managing supermarket management we come across many software that helps keeping accounts of the business and takes care of the business. But for your inventory you need an accounting software that has an inventory management feature that can take care of your inventory in all the ways that includes : Preventing shortage of products and production, tracking inventory levels in real time and optimizing warehouse organization.
Unavu accountant is one of the best inventory management software for supermarket management. It manages your inventory all three ways and keeps you from any kind of unpleasant news about your inventory .UnavuPOS allows you to enter the amount of items available in your store separately so you have a clear idea about each item in your inventory and which row it is in so it is arranged in an orderly fashion for you to not have to turn your inventory into a girl’s wardrobe looking for that one particular dress. Unavuapp inventory management software makes sure that you stay updated about how many items and which items are leaving you inventory in real time, the items on stock and items sold out automatically follows up so you know full report when to start the production of the item.
Why Unavupos Is Considered the Best inventory Management software
UnavuPOS keeps in account of all the details in every department, so there are no chances of any detail slipping away from you.
UnavuPOS is also a mobile friendly software therefore you can download it in your cell phone and access it from anywhere as Unavuapp is accessible from anywhere and not just your office system. So even if you happen to be on a holiday you get all your updates in real time and you have every movement in the inventory in your hands.
If you are a restaurant or a bar owner, you may be in the market for a bar POS system and not know which product to choose, based on the wide variety of options available. Thanks to the portability of iPads and other mobile devices, bars are able to have mobile POS systems that make ordering extremely easy and efficient.
Few reasons are given below that why you should invest in an iPad POS solution as soon as possible.
Stops Inventory Headaches
Efficiently running a restaurant or bar can be extremely time consuming – particularly when it comes to inventory. Without a best inventory system, you are left to keep track of what you need on a piece of paper or maybe an outdated spreadsheet. These outdated inventory systems rely on you to keep them constantly updated, which can be difficult when things get busy. By moving your POS system to the cloud, you can offload inventory management completely. Think about how great it would be if, when someone ordered something off of your menu, it would immediately update your back-end inventory system. With iPad POS systems like UnavuPOS , this is a reality.
Improve Your Business
With a state of the art POS system, you may not only easily handle your customers, but you can also collect information from them including names, addresses, phone numbers and email addresses. Easily track repeat spending and possibly reward some of your most loyal customers to keep them coming back. With UnavuPOS, you also don’t have to worry about keeping your customer data secure, as everything is encrypted securely in our back-office cloud.
Manage Your Restaurant or Bar from Anywhere
Restaurant and bar owners put in some of the longest hours of any small business owners. One of the reasons is that it is important to keep tabs at all times of the day, due to many bars and restaurants operating with large amounts of cash. Through an iPad POS like UnavuPOS , business owners can monitor all of the important metrics of a restaurant or bar from anywhere. Simply launch your UnavuPOS cloud based app from your computer, iPhone or iPad, and see live data as to how your restaurant is performing.
Support for Multiple Restaurants
iPad POS systems also allow restaurants with multiple locations to easily estimate performance. With robust systems from UnavuPOS, you can easily generate reports for single location restaurants or all of your restaurants combined. This allows you to quickly gauge which locations are performing well and which locations may need some attention.
Owning and controlling a bar is not all easy job, but takes a lot of time and hard work. With drink specials, pricing, food menus, and of course, money to worry about, it leaves little time to consider how you will manage the point of sale system of your bar. For bars and restaurants in particular, the point of sale and cash management is extremely important. In a fast-paced environment with a high cash flow, you will want a point of sale that is easy to use for employees and will help you connect with your customers. Here are the important things to look on when selecting a POS for your bar or restaurant.
Easy Use Of Software
Bars, nightclubs, and restaurants tend to be very busy and fast-paced working surrounding for bartenders and servers. This means you need a point-of-sale system that is easy to navigate for both management and employees. Being a bar waiter in a busy bar often means having to take multiple drink orders at a time and remembering the separate tabs for each. A point of sale system that allows your employees to easily manage tabs, split items, and enter happy hour and other.You will also want a system that allows employees to print customer tabs and receipts, or send food orders directly to a kitchen printer.
When managing a bar, you will typically have a higher amount of cash coming in compared to your standard restaurant. For this, you will want to ensure that your point of sale system has the capabilities to handle large amounts of cash. You may also want to consider a proximity-based solution for your cash drawer to ensure that your cash drawer is always safe while bartenders are restocking liquor or grabbing food orders from the kitchen.
In a bar, ambiance is extremely important! People decide to go out to a bar to relax after a long day of work, or to have fun with a group of friends.When sitting at the bar, customers will see your bartender running tabs, printing receipts, and interacting with the point of sale. Invest in a UnavuPOS that will display a smooth transaction between the employees and the POS system, and one that jibes with the ambiance of your bar. If you’re the type of bar to have wooden stool seats and dart boards lining the walls, then a standard cash drawer and printer with a tablet should do the job. If your bar radiates a more modern and trendy look, you may want to go for a sleek, all-in-one POS system, such as the Unavu POS.
As a bartender, engaging with customers is important for two reasons: you get better tips, and customers end up spending more money on drinks. When customers feel comfortable talking to and engaging with their bartender, they are more likely to stay longer and purchase more drinks while they cat. But what about after the customer leaves? It’s just as important to engage with customers after their visit as it is to during their visit in order to ensure they continue coming back. There are many ,customer engagement options given by the POS providers.
Providing a digital receipt feature to the clients can easily allow you to track how often a customer frequents your bar and their go-to drink order. This then allows you to offer your customer coupons or inform them of promotions using those digital receipts. Unavu digital receipt feature gives engagement tools, such as Engage NOW and Flip, providing customers with coupons and offers using the back of the digital receipts, or can direct them straight to your website. UnavuPOS also offers device management options and data facilitation tools to make sure you get to most out of your digital receipt solution.
In your bar, a POS can do more better than just using a manage cash and input orders, but it can help you grow your business!
Unavu POS system designed the best Bar POS software that helps the bartenders take orders quickly and minimize the customers waiting time.
Finally, a defining moment in India’s tax reforms has commenced. After a long time, it appears that a compromise formula has been reached between the Centre and States, giving the way for the introduction of a harmonized GST scheme from April 1, 2016.
The revised GST bill tabled in Lok Sabha for passage is in lieu of the 2011 GST bill, which has lapsed. Therefore, the basic outline of the revised GST bill broadly remains the same. GST will subsume into one levy all indirect taxes imposed by the Centre as well as VAT and local levies imposed by States
The basic objective is that all taxes which commence with import, manufacture, and production of goods and provision of services and end with consumption are eligible to be subsumed,where two rates are proposed:
(i) a minimum rate for items of basic importance; and
(ii) a fixed rate for goods in general.
Exports are exempt from tax levies. A small taxpayer category is exempt from CGST, SGST and input tax credit. For discussion only. Not intended to be an opinion or advice.
In theory, a GST scheme can deliver economic benefits to all stakeholders. But the actual realization of these benefits will depend on how effectively the GST Act is administered. Indeed.Currently, India’s tax ratio as measured with reference to its GDP is low, at around 10%. A well-administered GST regime can improve this ratio. It can also help in keeping under check other economic parameters such as fiscal deficit and inflation.
At this time, the GST scheme is more than a year away from becoming reality. It is the responsibility of all stakeholders – the Central and State governments, business entities, professionals, academicians and other parts of the members- to use this time to become well-informed of the salient administrative and operative mechanisms of GST. This will help in smoother transition and better administration while lowering the incidence of litigation.
Unavu POS provides you the updated application with GST feature where you can pay all your tax and transaction easily and from anywhere
The Best solution to run your restaurant business successfully is by using Unavupos. If you think otherwise, it just may lead you towards a loss, as all the restaurants in the area might already have upgraded to the next, faster and cheaper platform. The traditional POS software seems to be ineffective, so we have created a new generation pos such as Unavu POS provides a user-friendly interface that is easy and appealing.
Unavu Restaurants’ Inventory Software
Unavu POS gives the freedom of updating the software every time a window pops up. The software takes care of everything, making you stop worrying about every problem you can recoup the investment within 10–12 months. This is not a bad bargain considering the benefits it has to offer. It is a business tool that delivers a return on investment. You just have to measure how quickly you’re going to get that return.
You need to work to identify what procedures will guarantee you a success, and all that, from a combination of hardware and software, promising to give you true tangible benefits.
Unavu Point of sale system stores the details of all your customers and they can be easily retrieved, just by entering their names in the system. You can scan your client’s preferences, interests, contact details, even birthdays, in short, their entire purchase history faster. Furthermore, with this information, you can provide incentives, special discounts and promotions to entice the customers. considering this information to develop customer loyalty also increases the chances for both, up-selling and cross-selling.
By keep on updating of inventory levels, customer preferences, and increased sales, your Unavu application can produce accurate reports that easily projects the state of your business. You can control any desired specifications that might be underperforming or creating a problem. As these accurate reports are updated on the database, it results that now each unit need not have to generate individual paperwork. The minimized paperwork and goals help the accounting process operate quickly.
Seasonal trends can’t be forecasted just by flicking through past records. Your Unavu POS system has a built-in inventory management tool so you can access the details of recent fluctuations in the demand. You are able to view and track the inventory, accurate up to the last product. For example, the shortage of stock like vegetables, flour, oil will be easily noticed by your management system and so you’ll be able to easily calculate how many of an item you need to order.