GST billing software development in Udaipur, Rajasthan, India
'Goods and Service Tax (GST)'
GST was implemented with the concept of ‘One Nation One Tax’. Right from the manufacturer to the consumer, applies a single tax on the supply of goods and services.
GST is charged where the goods are consumed instead of where they are produced, and that is why it is known as a destination-based tax. GST eliminates several indirect state and the federal taxes levied by local bodies. Hence the consumer has to pay the GST only to the supplier in the distribution chain.
Enterprises largely transact on the ERP system. Yug Technology Solution gets transaction data from ERP for all business transactions through the interface for GST filing.
Concept Of GST Explained
For different taxpayers there are different GST portals available (SME, large enterprise, small retail vendor etc). Purchase/ sale register data can be converted into GST compliance format with the help of GSP and integration of the GST system with accounting packages EPR. GST requirements can be met by any industry with a specific need.
Design and implementation framework
Permission to use third-party applications can provide varied interfaces on various platforms. The EXACT GSP will connect with the GST system via secure APIs. GSPs use GST APIs to enrich and enhance the taxpayer's user-friendly experience.