Billing software by Hitech BillSoft? What is Reverse Charge? Usually, when the supplier supplies goods, the tax is levied upon the supplier. In certain cases, the tax is levied upon the buyer of the goods. This is called reverse charge as the chargeability of tax gets reversed. This is not new under GST, as under the previous VAT regime, the reverse charge existed, but only on services. Now, under GST, it will be applicable on goods as well. How taxes are charged before and after GST? Before : Taxes paid by the dealer (Excise) to the manufacturer is added to the cost. When the dealer sells down the chain, VAT keeps getting charged on the sum of actual product cost + excise component, and the VAT keeps getting levied at every point of sale, till it reaches the end customer. After : Taxes paid by dealer (CGST + SGST) to manufacturer is not added to cost. This is because GST allows the dealer to set off the tax liability of CGST + SGST. This is one of the fundamental features of GST, which allows seamless credit from manufacturer to dealer, and eliminates the cascading effect of taxes.

Artificial intelligence (A.I.) is the future of mankind and to increase user experience we developed highly advanced A.I. alogrithms which learns while user use our software and reduces startup, form opening, search, and data retrieval time depending on usuage pattern. Taking A.I. to the next level, we started incorporating virtual assistant feature from version 5 which once fully deployed helps you in better business management.

Supports PoS Printers: Hitech BillSoft supports multiple type of PoS/thermal receipt printers and comes with dual speed (2/10 invoice per sec) printing engine. Built-in inventory management system allows you to track inventory/stock. Reminds you about low stock, stock availability and movement. Hitech BillSoft comes with multi-size barcode generator which simplifies your stock take-off process. Barcodes can be autosaved which saves up to 27% time. Hitech BillSoft automatically calculate GST and cess amounts for purchase and sale bills. No need to do manual calculations and also supports multi-rate invoices. Discover more details on free billing software.

We at Hitech, understand the importance of fast billing and pressure you feels during rush hours. Hitech BillSoft comes with a unique feature which allows you to generate invoice in a click. In retail billing more than 43% bills can be generated using this feature. Speedup client processing time. Reduce pressure during rush hours. Credit sales are one of most important and neglected aspect of any business. Our billing software allows to track and manage your credit sales and keeps your overall credit exposure in check which reduces loss and risk of default. Reduce your overall credit exposure. Increases profitability by reducing credit defaults.

We’re Hitech, a ISO 9001:2008 certified software company that serves clients and runs several products for small businesses and growing businesses like ours. Since 2002, Hitech has helped tens of thousands of traders and startups to grow their business and make more money. Our mission is to reduce the stress you feel about your business by giving you access to the tools and data you need so you (and your team) can focus on doing your best work and leveling up your business game. Read more details at this website.