Although POS software‘s are traditionally thought of as machines for making transactions, their effect on the customer experience is not to be taken usually. From the checkout lane to the customer service point, POS systems have changed the way owners handle customer interactions. By integrating POS with CRM, merchants are able to handle CRM in the background as they maintain normal operations.
Customer service in the checkout lane
Time is equal to money in rules of business. POS software takes this phrase and applies it to the point-of-sale by automating and accelerating many of the steps in the checkout process. Barcode scanners, digital scales, and price databases let sales staff to make transactions much quickly and more accurately than they could by hand with an electronic cash register. For customers, this means a smoother and generally problem free checkout experience. Lines move faster, and everything seems well-organized.
Customer service at the service desk
One of the most critical business features, especially for retailers, is a team of customer service specialists who can answer questions and handle requests. POS systems can support networked computers and mobile devices, allowing you to choose between maintaining a dedicated customer service desk or allowing your departments to serve as their own customer service specialists. Important data, such as individual customer history, customer accounts, inventory, and prices, is available through the system’s databases. Customer service representatives and sales associates can query the system for this information in order to provide fast, detailed, and accurate help for customers. Additionally, staff equipped with mobile devices are better able to help customers on the sales floor, improving service speed that much more.
This article tells about point of sale software for small business.How to estimate best point of sale software for small business and what are the advantages of using point of sale software for small business.
What is Point of Sale
POS is short abbreviation of point of sale,This term point of sale software can be used to all types of businesses without any restriction of their sizes and types. It covered each and every one’s life because directly or indirectly, somehow we all are connected with buying goods for life. The term point of sale system is the combination of hardware and software which handles the businesses. There are many advantages of using a POS system from the time when computer is able to capture, store, analyze, share, manage sales & purchase data and perform different operations. Point of sale software for small business saves time, eliminate data duplication, increase efficiency and provide accuracy in inventory, ordering, reporting with excellent customer services.
What are the Benefits of Using a Point of Sale Software for Small Business?
There are many advantages of using point of sale software for small business. Companies are using Unavu Point of Sale to make their businesses. the benefits of using point of sale software for small business are given below
- Deployment of POS systems is needed to be simple and quick.
- Rather than seeing numbers that are updated hourly or daily, you can track your inventory in real time with a web based POS system.
- Software eliminate human error and save business money in the long term.
- The facility of bar code scanner and touch screen capabilities enable transactions execution quick and seamlessly.
- Keep an accurate record of daily transactions and report volumes of stock.
- System helps you to categories your stock items into multiple sub fields and manage your inventory as per your company requirement.
- Point of sale software monitor your purchase orders and alert you when stock is running low.
UnavuPOS is ready to provide our customers with premium quality retail management software solution. Our answer to all retailer needs is a software package developed with various features that all work around a centralized database where you can store, access, analyze, and report on data of all kinds. When you think of the software tools needed to manage a retail business successfully, you probably consider items like accounting tools and analytics features, but one of the most common and important tools is the Point of Sale component. Unavu Point of Sale software works as a complete solution for all of your checkout lanes and helps contact with other parts of the software system to improve practices and reach new levels of success.
With live access to any and all data points in your system, the employees will be able to answer any questions that customers may have about a product in the store. You will also be able to verify prices, styles, and more. All markdowns from the head office are applied automatically with this software, so you can be sure that any sale or bundle deal is accounted for in the overall pricing of a customer’s products.
With the capacity to support multiple cost centers, UnavuPOS software lets retail stores such as department stores to maintain many registers and checkout areas in the same place. This is highly effective for giving customers with convenience and will surely improve the satisfaction of shoppers in your store.
These are just some of the benefits that UnavuPOS Point of Sale software has to offer. Use and see how much it can improve your business!
Some of the most aggressive retail businesses to do is department stores, which carry a wide range of products that appeal to a large customer base. Department stores require a large number of employees, extensive square footage, and careful planning and every days management. The division of your store into various departments is a critical process that requires perspective tools to succeed. Thankfully, UnavuPOS retail management software is made to handle your department store management needs. With features built into the system that have department store retailers in mind, UnavuPOS is the best department store retail software available.
The cost integration center allows sales to be made at multiple cash registers across the store so that each department can offer a checkout area for its customers. All data is fed into the same centralized system, which has the functionality to report on sales by department and by store. Beyond that, UnavuPOS split-commission capability allows you to track individual sales to multiple employees who each may have had a hand in finalizing the transaction. This type of complex, thorough control over your business exemplifies how our retail software excels in the market.
The software package’s extensive inventory and databases also help boost the sales power of your department store. You can collect data from customers at the point of sale and use it to create customized marketing campaigns to support customer loyalty. The software also supports the creation and use of gift cards and registries. When a customer is at the checkout lane, the software system automatically determines whether the buyer is eligible for any discounts or sales.
Speed up your sales in the department store and strengthen your identity in the retail sector with UnavuPOS software!
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 throughout the country. Under GST regime , every product will be taxed at the same price in every place of where tax is same as in Himachal Pradesh as well as Tamil Nadu thus we also refer GST as ONE NATION ONE TAX.It does not mean that every product will be charged at the same price as we cannot fix the same price for AC and food powder. Apparently, the essential will be collected at a lower rate than the affluence, but a single luxury product or an individual essential product will be charged the same rate throughout the country.
How GST works?
GST will be divided into three components the Central Goods and Services Tax(CGST), State Goods and Services Tax(SGST), Inter State GST. The CSGT will combine the Central indirect taxes like the service tax, excise duty, additional customs duty, additional special excise duty whereas SGST will integrate all the State indirect taxes like VAT, entertainment tax, octroi and others. The CGST is been collected by the Central Govt whereas the SGST is collected by the state government. In the case of an sales transactions within the states, IGST will be collected by the Central Government. GST will allow the Input tax credit for the taxes paid on the purchase of goods and services during a commercial activity and input tax credit of CGST and SGST will be provided by the respective governments.
How will GST effect the country?
GST bill envelope the Goods and Services Tax and can be the great indirect tax reform providing a uniform and simplified way of Indirect taxation in India. Once introduced it will replace and combine all the number of other taxes like VAT,CST, Service tax, CAD, SAD, Excise, Entry tax, purchase tax etc. The common idea for implementing GST is making India into a single market. This may have a better impact on GDP of India and help to boost the Indian economy.
Main Benefits of GST
- A unified indirect tax system.
- decreasing in manufacturing cost.
- It integrates a number of other taxes like VAT, CST, Service tax, CAD,SAD, Excise, Entry tax, purchase tax etc.
- minimized complex tax system.
Positive effect of GST
- A single tax scheme eliminating a bunch of indirect taxes.
- Less tax compliance.
- eliminates cascading effect of taxes.
- making costs shall be minimized, therefore prices of consumer goods likely to come down.
- Due to reduced costs some products like cars, FMCG etc. will become cheaper.
- minimize prices will improve consumption. improvement in demand will lead to increase supply. Hence, rise in production of goods. Maximizing production will lead to more job opportunities in the long run.
Hence, this is possible only if the benefit is actually passed on to the consumers. There are exceptional factors also like the merchant profit index that determine the final price of products.GST alone cannot estimate the final price of goods.Use Unavu GST feature to make your business profitable
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 will reduce the overall tax burden of goods on the consumers from the current 25% to 30% to around 17% to 19%. Thus, it would reduce the cost of products for the end user.
An invoice is the primary document used to assess the collection of any tax related to the transfer of goods or services. Under the new Goods and Services Tax (GST) scheme, government is implementing a new, comprehensive invoicing format that should facilitate the computation of taxes on invoiced goods or services.
There will be two types of invoices in the new tax scheme: a tax invoice and a bill of supply.
When supplying taxable goods or services a registered supplier should issue a tax invoice. Specific rules regarding the use and contents of the invoice apply:
- Bill number of the invoice
- State name and code
- GSTIN/unique ID
- HSN code/accounting code
Bill of supply
A registered supplier will issue a bill of supply when:
- The goods or services supplied are cleared
- The supplier opts to pay taxes under combination Scheme
As per the rules governing the bill of supply:
- Serial number
- Details of receiver
- Particulars of goods
- If the value of the goods or services supplied is less than Rs. 100, there is no need to issue a bill of supply. Instead, the authorized person must generate a stabilized bill of supply for any such supplies transferred during the day.
Benefits of GST
Increase tax levy and improve India’s economic development by breaking tax barriers between States and combining India through a uniform tax rate. It is calculated that India can profit to $15 billion a year by implementing the Goods and Services Tax.
The taxation burden will be splitting equally as between manufacturing and services, through a lower tax rate by increasing the tax base and minimizing exemptions.
It will build a transparent and corruption-free tax administration, by simplifying procedures of taxations and reducing the tax burden, though increasing the ambit of taxation.
Since, both Centre and State GST will be collected at the place of sale of a product, it will be charged on the manufacturing cost only, and hence, the cost of the product will come down. Lower price (approximately 5%-7% for consumer goods) will attract more consumption and thereby help both the manufacturer and the consumer.
Signing the invoice
The authorized representative of the registered person is need to sign the invoice either physically or digitally via Digital Signature Certificate.
Every invoices must support to the rules framed under GST India to avoid amends for non-compliance. Proper invoicing should enable the administration of the successful digital compliance under GST scheme.
UnavuPOS is an application service provider partnering with licensed GST Suvidha Providers. To understand how UnavuPOS GST can help you with GST compliance, contact us through
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 of tax paid at the previous stage is available as a set-off at the next stage of transaction. This helps to cancel “tax on tax” or the descending impact of tax. GST shifts the tax incidence near to the consumer and benefits the industry through better cash flows and better working capital management. From customer point of view, GST helps to bring down overall tax.
The GST bill is been looking forward to transform the country into a consolidated market, replacing most indirect taxes and merging all those into a single tax scheme.
With the all-general tax levied on manufacturing, sale and consumption of goods and services at the national level, the bill avoids extra taxes on transportation of goods across state boundaries
CGST, SGST, IGST
The GST to be levied by the Centre would be called Central GST (CGST) and that to be levied by the States (including Union territories with legislature) would be called State GST (SGST). An Unified GST (IGST) would be collected on inter-State supply including stock transfers of goods or services. This would be collected by the Centre. Import of goods would be treated as inter-State supplies and would be subject to IGST in addition to the applicable customs duties. shipping will be done as zero-rated provides which makes no tax will be payable on exports of products or services. However, exporters can claim input tax credit.
Transaction in the retail sector is done mainly through cash and we have already seen the drop down of sales during demonetisation. Post GST, there is no significant change in sales as consumer behaviour would not be changed. Unorganised retail sector would likely to participate more by coming in mainstream taxpaying system. GST on any transaction cannot be eliminated unless the complete transaction is out of GST system right from manufacturer to retailer. Because of simplicity of taxes like one tax, credit of all type of taxes even small business men would like to contribute in India biggest tax reform. The government is also discouraging the purchase from the unregistered dealer as tax on the purchase from unregistered dealer needs to be paid by the registered dealer by way of reverse charge
Hence, on a concluding note we would like to say that, just the way we are certain about the benefits of GST in the retail segment, we are confident that it will bring relief to the consumers as well by eliminating a plethora of taxes such as CST, Octroi and excise, among others.
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 CGST, SGST and IGST?
India is a organized democracy that has clear differentiation of powers, responsibility and fund assortment among the states and therefore the centre in its constitution. As an example law and order falls underneath the state’s jurisdiction whereas the nation’s defense is the centre’s responsibility. The GST also needs to have clear board on what areas the centre and the state are allowed to get credit from taxation to prevent an overlapping.
The Central GST or CGST is the areas where ever the centre has the powers and State GST where the State has taxation capacity. The IGST or Integrated GST is for transport of goods within the states of the Indian union. This will be collected by the union however will be transferred over to the states. Thus it is necessary that if and when the GST comes out it is rolled over in the entire nation concurrently.
Facts of GST and Advantages
- GST is a clear Tax and also minimise the numbers of unwanted taxes. With GST executed a business establishment can show the tax applied in the sales statement. Customer will come to know correctly how much tax they are paying on the product they buy or the services they get.
- GST cannot be a cost to registered retailers therefore there is no hidden taxes and the business cost will be less. This in turn will help Export being more competitive.
- GST can also help to assortment of income sources for Government excluding income tax and petroleum tax.
- In Goods and Services Tax, the tax trouble will be split equally between Manufacturing and services. This can be done through lower tax rate by increase Tax base and reducing exemptions.
- In GST System both Central GST and State GST will be charged on making cost and will be collected on point of sale. This will benefit people as prices will come down which in turn will help companies as consumption will increase.
- great benefit will be that multiple taxes like central sales tax, state sales tax, entry tax, license fees, turnover tax etc will be brought under the GST. Business is now be easier and more comfortable as many hidden tax will not be present.
Indian retail sector is made up of organised and unorganised retail i.e. sale through traditional family or small stores or shops. The share of organised retail in India is still less than 20 per cent and majority contribution is of unorganised sector. In India The sale is still less than 7% of overall retail sector sales of e-commerce. The allover registered tax payers under Excise, Service tax and VAT are only 83.5 lakhs and likely to increase to 2 crore in goods and services tax (GST). As we all knew that GST can have adverse reasons for some areas in India for short-term due to tax rate impact on existing stock during transition or the tax rate post-GST scheme as compared to existing rates are increase
Post GST, every taxpayer should put a perfect system for accounting and record keeping and there would be a minimum increase of cost to business anywhere around 5,000 to 10,000 per month. Transaction in the retail sector is done mainly through cash and we have already seen the dropdown of sales during demonetization. Post GST, there is no significant change in sales as consumer behavior would not be changed. Unorganized retail sector would likely to participate more by coming in mainstream taxpaying system. GST on any transaction cannot be eliminated unless the complete transaction is out of GST system right from manufacturer to retailer. Because of simplicity of taxes like one tax, credit of all type of taxes even small business men would like to contribute in India biggest tax reform. The government is also discouraging the purchase from the unregistered dealer as tax on the purchase from unregistered dealer needs to be paid by the registered dealer by way of reverse charge. Some impact on retail sector are
- Organized Sector and huge tax paper of unorganized sector can be gaining because of uniformity of tax rates all over India and opportunity of tax credit on all transactions post-GST
- Small retailers with turnover up to 50 lkahs can get benefit of this scheme where tax can be paid @1% of sales value and also leisure in maintenance of accounts and records
- The threshold limit for registration under GST for traders has been maximized to 20 lakhs from previous limit of 5 to 15 lakhs depending on the state VAT limits
- E-commerce in previously struggling with many entry taxes in various states. GST can help e-commerce to profit excessively because of the removal of entry tax and availability of Input credit for all taxes paid
- Small retailers who are selling by e-commerce bay have to create some reports and is subject to tax collection at source @ 2% by E commerce Company so the same can be adjusted while making payment of tax liability by these small retailers
- All taxpayer need to file 3 returns on monthly basis on 10th, 15th and 20th of next month respectively which would result in some additional monthly cost. But there will be a great saving in form of input tax credit on taxes paid for various services like telephone expenses, professional expenses etc and taxes paid for the purchase of goods from other states.
It is quite evident that even retailers and small shopkeepers would like to join mainstream system provided the tax structure, policies and procedures are simplified and there is not much incentive for evasion of tax.Use UnavuPOS GST feature to gain the benefits of the tax payments easily
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.