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GST- Goods and Service Tax

The constitution amendment bill for (GST) “Goods and Service Tax” in the Parliament conference in Rajya Sabha on 3 August 2016  and the government is set to bring GST bill in Lok Sabha on 8 August 2016) along with the authorization by 50 percent of state Parliament. Hence the current indirect taxes levied by state and centre are all set to be replaced with expected implementation of “Goods Service Tax” by April 2017. This would be the biggest tax reform in India since independence and a benefit to the recession as it will eliminate the shortcomings of the ongoing tax structure and bring us single tax on supply of all goods and services.

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Bookkeeping

Bookkeeping is the important task of keeping records of financial transactions and it is the essential part of accounting in all the business operations. It is such an important activity that decides your business strength. It is the activity of Classifying, Reporting and Analyzing data. Without proper bookkeeping, it’s impossible to run your business and you may wind up with unexpected challenges and outcomes.

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ERP

ERP is short for enterprise resource planning. Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources.

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