Gst Enable Accounting Software

With growing requirement of effective supply chain management, small to large businesses are becoming increasingly dependent on strategically locating their warehouses. Businesses prefer to keep their warehouses under strict supervision and spend substantially on manpower and inventory management. Despite the efforts, there are instances of mismanagement due to human negligence or wrong practices and processes. The probability of these mishaps multiply in case a business has multiple warehouses located geographically apart. Coordination between the warehouses and keeping all the information aligned becomes vital. To get expert help on choosing the best Online GST Compliant Inventory ManagementSoftware for your business visit https://alignbooks.com There are several factors which affect an organization operating through multi-location warehouses. The one having the highest impact is human interface between the warehouses. The supervisors or managers rarely meet and

1.  Lower threshold to expand SME Coverage under GST a)   The threshold limits under GST regime, is fixed at Rs.20 lacs (Rs. 10 lacs in case of specified states except J& K), above, is likely to bring a large chunk of SME Sector under GST because: ·Present exemption limit of 150 lakh under central excise is reduced to 20 lakhs under GST (however there is relief as well because in service tax exemption limit was 10 lacs in most of states the VAT registration threshold was between Rs. 5-10 lacs): Presently, a tax payer having business across different states in India, is entitled to the benefit of threshold limit in each State. Under GST, in such cases, the threshold limit would be available on an all India basis; and Compulsory Registration irrespective of threshold limit for large number of specified tax payers in following circumstances, would result in substantially higher registrations. b) Compared to the threshold exemption scheme presently prevalent which is a