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India has a distinctive tax structure which has evolved over a period of time. Most of the business taxation is levied by the state governments. The major part of reforms in the Indian taxation system have happened in the last decade or so. The overall tax system has been rationalized to ensure, that businesses can pay taxes with ease and more tax revenue can be generated.
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Contents Introduction Central Sales Tax Value Added Tax Excise Duty Customs Duty Choosing The Right Tool
Customs Duty This duty is levied on import of goods. The rate of taxation depends on their classification. Over the years the peak customs duty has been reduced to rationalise the taxation system. Choosing the right online invoicing solution would help Indian businesses to manage their taxation with ease. Online solutions have the following business advantages: Improves the efficiency of the invoicing system Helps in sending out invoices online, saving on paper costs Helps in getting paid quicker with online payments Customizing the invoicing according to client requirements
Choose The Right Tool Invoicera is one such billing software that helps in managing the invoicing requirements of small and large businesses with ease. The software provides a simple option of additional fields, that helps in adding any state or central tax with ease. Multiple currencies and payment gateways ensure that if a business has global clients, then they too can be managed well. Some of its other features include: Late fee and automatic payment reminders Time tracking and task management Expense management and control Advanced reporting and financial management Time tracking and time billing management Expense tracking and expense billing management Recurring billing management Project and task management Receive online payments Purchase order management
Get In Touch Web: www.invoicera.com Social: www.facebook.com/Invoicera www.twitter.com/invoicera https://www.linkedin.com/company/invoicera-invoicing-simplified Ph (IN): +91-9350204838 (6:00 am - 12:00 midnight IST) E-Mail: marketing@invoicera.com