Beware! After GST Choosing the Wrong Vendor can Kill Your Business

The introduction of the Goods and Services Tax (GST) has brought a plethora of changes in India’s tax regime. GST is supposed to simplify the trade and commerce in India, allowing supply chains to be integrated. It also offers greater transparency in various processes. The Goods and Services Tax Network (GSTN) is a common database that has brought together the whole system in which businesses function. It is also closely connected with the customs, banking channels, income tax, etc. Post GS...

VAT for GCC

Two of the countries in GCC, the Cooperation Council for the Arab States of the Gulf, decided to introduce VAT from January 1st, 2018. Out of the 6 countries in the GCC namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE), Saudi Arabia and UAE will be the first ones to get started with VAT. The rate for VAT is set at 5%. The businesses with an annual income more than or equal to Dh 375,000 are required to register for VAT system. Value Added Tax (VAT) is a kin...

Why Not an Accounting Software for Tyre Business but an ERP Solution?

In recent years, there has been a sea change in the business management software. Enterprise Resource Planning (ERP) has successfully replaced other accounting software due to its multi-specialty features. These days, many tyre companies look forward to implementing ERP systems. ERP is an all-encompassing system that deals with cost fluctuations, inventory management, stock management, finance management, and productivity enhancements. Enterprise resource planning software goes beyond simple ...