Retailers - Overview
One of the major challenges in taxation for retailers was the cascading tax rates on goods procured from other states and required them to file multiple tax returns. With the introduction of GST, the complex taxes are unified into a single tax and input tax credit claiming has become a dream come true.
With effiGST, running a GST compliant retail business has become all the more easier with tailormade features to grow your business.
Let’s check some of the key features of effiGST for retail businesses.
- Have an eye on the inventory and keep track of the stock value in real time. Helps you to time your buying decisions based on the inventory.
- Works both in offline and online versions which means you can take your business operations anywhere.
- Supports the major regional languages and hence your retail outlets can work on the application in the language they prefer.
- Integrated Credit notes, debit notes, advance receipts and advance payments - easily accessible through a simple dashboard.
- Detection of applicable taxes are automatically calculated by the application and automated return filing happens as per GST norms.
- Get real time updates on Inventory, Taxation, Finance and revenue all at one place and maintain high GST Compliant ratings.