#gst_billing_software

Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services.  The tax GST exists in multiple countries. And since 2018 the GST tax term associated with India also.  GST is levied at every step in the production process, and it is intended to refund to all parties in the various stages of production to avoid the cascading effects of tax.  The ultimate tax is to be to be borne by the final consumer.

While introducing GST in India, Goods and services were divided into five tax slabs for collection of tax.  The rates were fixed as 0%, 5%, 12%, 18% and 28%.

An invoice or a bill is a list of goods sent or services provided, along with the amount due for payment.  Tax invoice is generally issued to charge the tax and pass on the input tax credit to the beneficiaries.

GST invoice is a document which is supposed to contain all the relevant details of a business transaction and both the parties involved.  As per rules, only GST registered business needs to provide GST complaint invoices on account of sale of goods and services.  The mandatory fields of Tax Invoice Format are

·         Invoice number

·         Date

·         Customer name

·         Shipping and billing address

·         Taxpayer’s GSTIN

·         Place of supply

·         Taxable value and

·         Discounts Rate 

·         Amount of taxes – CGST/ SGST/ IGST

·         Signature of the supplier

There are multiple GST invoicing software available in the market.  In the new GST tax era, it would be difficult to manage transactions without valid and proven software.  At the same time many software available in the market turned out to be costly for small and medium businesses.  The software as released by SmartAdmin proved to meet all the requirements of GST and at the same time it is highly affordable with multiple features to scaling up for time sheet, payroll and more.  One can try the product for 30 days free and can subscribe it on annual or monthly basis.

SMART ADMIN is a cloud-based software for generating GST Compliant Invoice, Payroll management, Timesheet and Project Tracking – visit SMART ADMIN for FREE Trial and Registration.

Project management involves multiple elements of planning, organizing, leading, and controlling.  The effective project management results in team completing tasks per the scheduled time.  The objective of project management is to produce work products/end results that comply with the client’s objectives.  The importance of sound Project Management can be summarized as follows:

Strategic Alignment:  Project management ensures what’s being delivered, is right, and can deliver real value against the business chance.

Clarify in Objectives:  It helps team members to work with proper briefs, focus, and with well-defined goals.

Proper Project Planning: Good project management will results in projects getting delivered in time, and within the budget.  Without proper project management, budget estimates and project delivery timelines will not get aligned with the end result.

Quality Control:  Projects are also usually below enormous pressure to be completed.  Without a dedicated project manager, who has the support and buy-in of executive management, tasks are underestimated, schedules tightened and processes rushed.

Managing Risks: Risk management is critical to project success.  The temptation is just to sweep them under the carpet, never talk about them to the client, and hope for the best.

Learning Repository:  Project management will break bad habits and once you’re delivering projects, it’s necessary to not create the same mistakes twice.  Project managers use retrospectives or post-project reviews to consider what went well, what didn’t go this well, and what should be done differently for the following project.

For better project control, it is a good practice to bifurcate projects into multiple tasks.  Any project or program can be divided into multiple homogeneous tasks.  The completion of such tasks at different points of time results in the completion of a project or program.

Task management consists of planning, testing, tracking, and reporting stages.  Proper task management will result in the success of a project.  The appropriate task management facilitates the accomplishment of project goals, and result in team members collaborating effectively to reach the collective goals.

While managing tasks, it is important to look into all aspects of their status, priority, time, resources, dependency, and so on.  There are multiple software tools to manage individuals or team tasks.  The software tool as developed by Smart Admin is an effective tool for project management software.

Tasks can be classified as ready but not scheduled, assigned, completed, expire, and paused.  The user can prioritize tasks and can work based on the time limed and deadline.  The project manager can evaluate the progress of tasks regularly.

One can initiate the setting up a strong foundation for efficient processes in an organization by implementing the processes for project and task management.  This will result in Project managers adhering to task-oriented management bounded with a commitment to delivering detailed and up-to-date project progress in time.

SMART ADMIN is a cloud-based software for generating GST Compliant Invoice, Payroll management, Timesheet, and Project Tracking – visit SMART ADMIN for FREE Trial and Registration.

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GST Billing Ke Sath Aasan Tax Filling Ka Karein Shubh Aarambh.

KP Technology के साथ GST -टैक्स फाइलिंग करें !!

KP Technology के साथ GST -टैक्स फाइलिंग करें आसान, और अपने बिज़नेस में करें प्रॉफ़िट्स का शुभ आरम्भ । 👉डेमो बुक करने के लिए मिस कॉल करें :- 8928127539, 8600591943

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