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A Briefing into e-Invoicing

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  | e-Invoice implementation | Method of generation | Applicability | Process & GSP role | E-Invoice The Government of India had intended to reshape the overall landscape of the indirect tax compliance & brought in Goods & Services Tax in the year 2017. The government in its vision of digital India, conceived of the GST landscape to be principally driven through the digital - electronic medium. Accordingly, “Goods & Services Tax Network” was set up & it was to be complemented & supplemented by a group of GST Suvidha Providers (GSP) & Application Service Providers (ASP). Return filing was permitted only through electronic mode in the first phase & the second phase saw e-Way Bill through online portals. With the law fairly stabilized in the system, it was an opportune time to unveil the next big thing called e-Invoice (or) electronic invoice. E-Invoice does not mean generation of electronic invoice on GST Portal but reporting of electronic invoice. In ...
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Growth of Textile Industry in India

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India’s textiles sector is one of the oldest industries in Indian economy back from several centuries. The textile industry has two segments. First one consists of handloom, handicrafts and sericulture, which are operated on a small scale and through traditional tools and methods. The second is the organized sector consisting of spinning, apparel and garments segment which apply modern machinery and techniques. "The Indian Textile Industry contributes approximately 5 per cent to India’s Gross Domestic Product (GDP), and 14 per cent to overall Index of Industrial Production (IIP)".   Source-IBEF India is among the largest producer of Textiles. Due to the rise in Apparel industry, many businesses are being set up in the country which can be seen as opportunity to provide billing solutions. After covering retail chains, restaurants, hotels and other small segment shops, WeP will be entering into textile segments to ease the process of ...
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Pointers to check before buying a billing machine

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If you are owning a retail business , then the very first thing that you need to take care of is the product quality & type of service you provide to your customers. This is the era of a fast generation. People want their work to be done as quickly as possible. As a retailer  you cannot take the risk of making all the transaction manually and recording each individual transaction on a paper register and then reconciling the inventory levels and update the stock. It is a lengthy process and would cost you a lot of time. Has it been only your time, it would still be manageable but a huge part of this lost time belongs to the customer.   The billing machine can help you out with all the above problems. So let ’ s note some pointers to check before you go to buy a billing machine:- ²  Budget: We will get various range of billing printers. In WeP only you can get a billing machine starting from Rs 7699 to Rs 36499. ²  Type of ...
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