GST was introduced in the year 2017 in India. The tax came into effect from July 1, 2017, through the implementation of One Hundred and First Amendment of the Constitution of India by the Indian government. This implementation and vast change in the tax system of India made a significant difference in the software billing system currently present in India. The billing software included the subdivision of taxes in various services tax such as CST, VAT, etc. But under GST Tax slab it only included SGST (State Goods and Service Tax), CGST(Central Service Tax), IGST(Inter-State Service Tax) with a Tax slab of 5%, 12%, 18%, and 28%. This change in Taxation slab shattered the Billing Softwares which require an urgent update for the Softwares. This made a boom for the development and requirements of GST Billing Softwares into the market for every Business.
As handwritten bills are not accepted by the government, the merchants and the taxpayers need to submit the software generated the bill to the government for Tax return filing.
A Customized GST Billing software whether its a GST POS Billing software for Cloth shops or GST POS Billing Software for supermarkets or GST POS Billing Software for retailers, every business, small or large require to integrate a billing software for the proper tax updation and billing system. A large business such as flour mills or a large organization cant uses the normal billing software for their business.
This generated the need and requirement of the Customized GST Billing Softwares which could meet the actual requirements of the clients. The Customized Billing Softwares helps to serve a lot better in terms of report generation. A business owner can get a number of reports which is helpful for their business growth with the help of RKV IT Solutions customized GST Business software for almost every Business.
For more visit: Do you really need a GST Business Accounting or Billing Software