Transform your business through IT

In this digital era only hard work is not enough to be successful you have to do smart work as well. The most efficient way to increase your business efficiency is to get IT in your business and utilize IT to its full capability. There are various steps you need to take to transform your business in IT. Steps to transform your business and maximize business efficiency through IT 1. Add value to your operations Many businesses have lots of redundant tasks that can be easily automated with the help of IT. Use IT to save people’s time in doing these tasks. Utilize people time that is saved th...
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Prepare a digital backbone for your business

Why to build a IT infrastructure for your business? Making a digital business transformation is not an option but a necessity for businesses nowadays, many companies are responding to the changing market environment by making their process digital and adding roles with a digital focus or changing traditional roles to have a digital orientation but despite the proliferation of making business digital, most of the business still lacks a proper digital backbone for their business. Is digital business transformation hard? Contrary to popular belief getting digital is not a tough task but you w...
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Digital edge: Keep business ahead from competition

Technology is advancing everyday now and with the advancement of technology way of doing business has also changed. IT in business has become one of the necessities, organizations have to adapt fast to do business in this digital age or they will get left behind. Customers today want a better response time, good quality , fast delivery and services, to match these expectations business owners need better integration among their cross functional activities. Successful implementation of IT in business depends on 3 factors:- Prepare digital back bone Keeping data in a paper is of no use no...
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Why ERP implementations fail

There are many factors that determine the success and failure of ERP implementation. Failure of ERP implementation can be a result of improper planning, unclear objective or too much customization. The major reasons why ERP implementations fail are: Reason why ERP implementations fail are:-   1.  Lack of Management Participation One of the major causes of ERP implementation failure is lack of management backing, ERP needs active participation of people in the organization and until and unless management doesn’t make clear that ERP implementation is a priority there will always chance...
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ERP Implementation Methodology

What is ERP implementation methodology? ERP can make a business more efficient than ever but many ERP implementation process fails due to improper ERP implementation methodology. There's no denying the fact that ERP deployment is a major undertaking but it doesn’t need to be painful. With proper planning and execution implementing an ERP should be a smooth process. This planning and execution for successful ERP implementation is called ERP implementation methodology or ERP implementation lifecycle. ERP Implementation Steps For a successful ERP implementation various steps should be followe...
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GSTR-3 filing

GSTR-3 filing has to be done by every GST registered business until 20th of each month. This form will be filled automatically on the basis of outward supplies and inward supplies with the payment of tax furnished in GSTR-1 filing and GSTR-2 filing. Different headings for GSTR-3 filing are:- 1. GST identification number 2. Name of taxable person 3. Address 4. Period (month-year) 5. Turnover Details: This will include turnover of all the supplies. Total turnover needs to be differentiated between: i.)  Taxable Turnover ii.)  Export Turnover iii.) Nil rated and Exempted Turnover iv.)  ...
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GSTR-2 filing

GSTR-2 filing has to be done by a registered taxable recipient, it will include details of all inward supplies of taxable goods and services .The due date of filing this form is 15th of each month. GSTR-2 filing headings are explained below:- 1. Goods and Services Taxpayer Identification Number (GSTIN) 2. Name of the Taxpayer 3. Inward Supplies from Registered Taxable Person: Most of this will be auto populated from GSTR-1 filing. Any further claim can be added by the registered person. The buyer can manually include these details. 4. Amendments to Details of Inward Supplies Received in E...
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GSTR-1 Filing

Every registered taxable person is required to submit the details of outward supplies in the GSTR-1 filing. This return is required to be filed within 10 days from the end of the tax period, or the transaction month. GSTR-1 filing form has a total of 13 headings as explained below:- 1. Goods and Services Taxpayer Identification Number (GSTIN). 2. Name of the taxpayer. 3. Gross turnover of the taxpayer in the previous financial year. 4. Taxable outward supplies made to registered persons (including UIN-holders) other than supplies covered: Information about all the taxable supplies made by...
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