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WHY YOU NEED A GST RETURN FILING TOOL?

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Ever since the new taxation policy has implemented in India, it has made many positive changes. This indirect tax is levied on the sale of good and services with an aim to simplify the taxation policy by subsuming various other taxes. The various other taxes eliminated are the excise tax, entertainment tax, sales tax, Luxury tax, and value-added tax. The change was made in an attempt to reduce corruption and increase the Gross Domestic Product of the country. However, even after it being employed to simplify the taxation policy of India, it is hard to decipher for the general public.

It poses more of a problem for those who run their businesses. Irrespective of the size of the business, they need to understand this policy to ensure a smooth cash flow. Nevertheless, the steps involved in the filing of GST returns, doing registration, submitting the application and making payments. Each of these tasks is quite intricate for a novice. Hence, there are a few promising online service providers who work diligently to simplify all the problems pertaining to GST. They have tools and software to combat every problem that GST poses.

Moreover, the toughest task while making your business GST complained is that of filing returns.  It is a comprehensive form that a taxpayer has to fill to show the amount he earns. This form allows the persons paying tax to determine their tax-related liabilities, request the refund and remit the payment.

Because doing so manually consumes a lot of time, many GST return filing tool are available for making this error-prone task immaculate and speedy. Herein, we list five advantages of using scalable GST return filing tool.

     Makes invoice creation easy-

The GST software available adhere strictly to the GST guidelines. The software can generate invoices not just for the customers but for the suppliers as well. Making invoices manually is quite cumbersome as it involves mentioning each and every product along with the quantity and the price. Levying tax according to this new tax regime makes it all the more difficult and time-consuming. However, if you use a GST return filing tool, the process of invoice creation is done speedily and accurately. Additionally, it also saves the details of the invoices that it has made automatically to fill the required details whenever you generate another invoice in the name of that customer or supplier.

     Works with every software version-

There are various return filing tools which ask you to download a particular software or to upgrade your existing one. On the other hand, there is some software which can work well with any windows and setup. Such software is not only easy to use but is really reliable too. You can integrate them with any accounting system.

     It is user-friendly-

Just like every product and service comes with a manual which directs the user about each and everything pertaining to the product or service, GST tools too does. Thus, if you use GST software, you will be able to solve issues related to GST compliance. Even if you would not know the percentage of tax which should be imposed on the product you are selling, the software will do the task for you quickly. You also get a comprehensive guide which will tell you step by step in simple language the ways to use various GST tools. Moreover, it will also keep you updated with the new alterations in the tax regime.

     Performs best with Microsoft Excel-

It is pertinent for the big corporate and business owners to keep themselves updated with the GST regime so as to be able to abide by its guidelines. That is why GST software are specifically made for business persons. Most of the software works best with any version of excel. So, if you want to get optimum benefits from such software, you should use Microsoft Excel 2010, 2013 and 2016.

     Inbuilt validation engine to ensure accuracy-

There are different types of forms available for filing invoices. This is why it becomes difficult to create the invoices that do not contain any error. The tool has a validation engine which simplifies this task even more. Every time you make an invoice by using GST software, you get accurate invoices. Hence, it is recommendable to use some reliable and trusted GST software.

There are many GST return filing tool available in the market but you should stick to choose the one which fits more appropriately with your business requirements. This will help you to focus on your core business processes better while adhering to the GST rules completely.

Farhan is working as Content Strategist. He is a Beauty Blogger, health Blogger and public speaker. His goal is to educate people about various health conditions, beauty and about wedding trends and the top tips and tricks. he is a passionate writer.

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What is the zerobank and what it offers?

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Blossoming of the cryptocurrency as well as blockchain technology has motivated the pioneers of the present world. The technologies of today have brought about the opening of locked doors as well as it has led to the creation of new currencies. Even though the cryptocurrency has a huge impact on the global economy yet it is not recognized as “money”. It will take some time for the new market to get stabilize and the pioneers to figure out the way to compete with deep-rooted fiat currency. However, still the world economy is functioning by a legacy system of 164 authorized national currencies and the problem of exchanging these currencies persist till now.

What is Zerobank?

It is an innovative money exchange platform allowing the customers to make non-commercial transactions globally and also it launches its initial coin offering to the participants. This platform makes use of the smart contracts as well as blockchain technologies and aims to remove the traditional remittance as well as exchange systems.

It helps in peer to peer sharing of the economy and here, the earned money from the centralized organization goes back to the community. In addition to blockchain technology, this project makes use of the shared economy model. This model maximizes the benefits for the user who uses this system by cutting down all the intermediary costs from Money transfer organization and current banking. Zerobank offers an opportunity to its participants to become an agent as well as earn the extra money by bringing up the valuable services to the people around them.

ICO information-

The total number of security token issued is 1,600,000,000 ZB and the number of security token available for the sale is 640,000,000 ZB. The amount of this target sale is about 48 M dollars and the pre-ICO bonus offered will be 15%.

If you want to know further about the token sale then visits its official link. Zerobank has a team of the experienced IT members, the senior executive in top money exchange/ transfer, banking as well as financial service organization. Kai yee goh is the CEO who is also a senior executive in the transfast, united financial group, Harte-Hanks, PayPal and Western Union. Also, bao ly CTO, who is expert IT architect in financial and banking services, is present in the team. He has extensive work experience in consultancy as well as an architect as his work in the BNP Paribas Fortis, HSBC and AXA.

Other team members of the zerobank are also well-known individuals; the team of zerobank is working to disrupt the present exchange and money transfer services available worldwide. Hurry up and make use of this amazing platform today. Becoming the part of this platform you can gain various benefits and get solution to the traditional banking problems. If you are a tour guide, salesman, or student and searching for the job opportunity then this platform are made for you. Become the agent of zerobank today. Before using this platform makes sure you read its terms of use and policy.

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Diamond Power Infrastructure on a transformational spree with Digital India program

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India, being one of the fastest growing economies in the world, is witnessing a digital revolution. PM Narendra Modi has trotted out numerous programs to promote Digital India, ensuring digital inclusion across the country. On this note, Amit Bhatnagar Diamond Power MD, has digitally-empowered his company, in the field of manufacturing power transmission equipment.

Diamond Power Infrastructure Ltd, also known as Dicabs, was the first Indian company to manufacture alloy conductors and proto-test HSHC (High Strength and High Conductivity) conductors. Today, Dicabs is the only company in India, which holds a BIS mark certification for alloy conductors.  It also complies with the ISI quality standards for manufacturing all types of conductors.

The Vadodara- based company has also established India’s headmost ‘continual horizontal lead extrusion facility’, along with the ‘aluminum corrugation facility’ for cables (66KV). Dicabs is also ranked at the fifth position in the world, for manufacturing extra high-voltage cables up to 550 KV.

The homegrown companies are getting new opportunities to grow, as the Centre has reduced imports in the segment. India is on a transformational spree, and will become a hub for technology and innovations in the coming years. The initiative has already received pledges from Diamond Power Infrastructure Ltd and other corporate ventures, with investments worth Rs 4.5 lakh crore. This figure is expected to surge as the ‘Make in India’ campaign gains momentum.

Amit Bhatnagar Diamond Power

Amit Bhatnagar believes that quality and technology go hand in hand. Being a technocrat, he has always supported technology by reining on state-of-the-art technology for all business operations.

His ability to sense, envision and adapt to change pertaining to technology has been the company’s key growth driver, since the initial years. “With India progressing on the path of innovation and technology, Dicabs would unremittingly partner its journey towards successful frontiers. Simultaneously, we would continue to adapt to as well as lead the change through proactive investments in technology,” says Amit Bhatnagar.

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Diamond Power Infrastructure on a transformational spree with Digital India program

Published

on

By

amit bhatnagar diamond power

India, being one of the fastest growing economies in the world, is witnessing a digital revolution. PM Narendra Modi has trotted out numerous programs to promote Digital India, ensuring digital inclusion across the country. On this note, Amit Bhatnagar Diamond Power MD, has digitally-empowered his company, in the field of manufacturing power transmission equipment.

Diamond Power Infrastructure Ltd, also known as Dicabs, was the first Indian company to manufacture alloy conductors and proto-test HSHC (High Strength and High Conductivity) conductors. Today, Dicabs is the only company in India, which holds a BIS mark certification for alloy conductors.  It also complies with the ISI quality standards for manufacturing all types of conductors.

The Vadodara- based company has also established India’s headmost ‘continual horizontal lead extrusion facility’, along with the ‘aluminum corrugation facility’ for cables (66KV). Dicabs is also ranked at the fifth position in the world, for manufacturing extra high-voltage cables up to 550 KV.

The homegrown companies are getting new opportunities to grow, as the Centre has reduced imports in the segment. India is on a transformational spree, and will become a hub for technology and innovations in the coming years. The initiative has already received pledges from Diamond Power Infrastructure Ltd and other corporate ventures, with investments worth Rs 4.5 lakh crore. This figure is expected to surge as the ‘Make in India’ campaign gains momentum.

Amit Bhatnagar Diamond Power

Amit Bhatnagar believes that quality and technology go hand in hand. Being a technocrat, he has always supported technology by reining on state-of-the-art technology for all business operations.

His ability to sense, envision and adapt to change pertaining to technology has been the company’s key growth driver, since the initial years. “With India progressing on the path of innovation and technology, Dicabs would unremittingly partner its journey towards successful frontiers. Simultaneously, we would continue to adapt to as well as lead the change through proactive investments in technology,” says Amit Bhatnagar.

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