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In today's digital world, every person and businessperson works very hard to manage data manually, which can be a time-consuming and labour-intensive task, particularly when information needs to be constantly updated and verified. Likewise, managing large volumes of employee-related data can be a challenging and overwhelming task for HR professionals. Therefore, to address the workload and complexity of these tasks, the IT sector has developed Payroll software. In recent years, we have seen a huge growth in the number of Payroll software options. Yes, there are many types of HR Payroll software available in the Indian market at present. If you're looking for a reliable and popular payroll software option, you can choose Gen Online Payroll software, brought to you by SAG Infotech. Whether the business is medium or small, Gen Payroll software can make managing numerous important tasks of a human resources manager hassle-free. The Online Payroll software assigns a unique

The main purpose of Duty Drawback was to provide rebates on the duty of exports. It is of two types viz. brand rate and industry rate. This article is going to explain the details of two different decisions taken by two different courts regarding the refunds of IGST id the rate of DD is higher. Judgement 1: Gujarat HC states that demanding higher duty drawbacks is not a valid reason for IGST refund rejections Duty drawback is a scheme provided by the government as an export incentive. According to the scheme, the exporters claiming higher amounts of DD are not eligible for incentives under IGST refunds but the Gujarat High Court gave a verdict in the case of M/s. Amit Cotton Industries that holding the benefits of IGST just because the claims of DD were higher is not justifiable. The court ordered the government to transfer the incentives to the applicant as soon as possible along with an interest of 7%. Facts The applicant is a GST registered cotton mill owner, exporting c

The entire world today is struggling with COVID-19 crises. The pandemic has caused the economy to go steep down leading to a huge financial loss to businesses of all kinds. Amidst this calamity (corona outbreak), the government has come up with certain provisions to help the entire all the taxpayers accumulation of the country.  Here is the list of provisions taken up by the government to help taxpayers fight with the prevailing market situation: The due date for income tax returns filing for FY 2018-19 has been shifted to 30 June 2020. Returns filed on or before the said date will invite no penalties or interest. Due dates for filing GSTR 3B  are valid for the month of March, April and May and the last date for filing composition returns has been extended till the last week of June respectively.  The government is not charging any interest or penalties from companies with an annual turnover of less than Rs. 5 Crore in terms of return filing till June. Delay in re

Payroll software helps in managing the data of your employees. As technology is advancing, there is a need for software that can look after all the requirements of the employer. Gen Payroll Software, from the house of SAG Infotech, is the best example of this. The software is loaded with all the features that one can ask for. Whether large or small, Gen Payroll Software can handle the data and cater to the needs of every business. Now let's understand this software in detail such as securing your employee record with Gen Payroll Software for the Indian small and big businesses. One of a Kind Gen Payroll Software The software can perform all the tasks related to the requirements of the human resources of a company. The software can record attendance, wages, salaries, paychecks and many many more. The software can store the details of the employees virtually so that the employer does not have to suffer when the requirement arises. It has both accounting and HR management f

Authority for Advance Ruling (AAR) recently confirmed that GST shall not be applied to the ‘Mobilization Advance’ received prior to the implementation of the Goods and Service Tax (GST) regime in India. ‘Mobilization Advance’ is basically the payment done to the supplier/contractor for performance under a contract. M/s.Shapoorji Pallonji and Co.Pvt.Ltd is a construction dealer (and the applicant here) and a registered taxpayer under GST . The company is in the construction business deals with the clients on ‘Contract Basis’ involving the supply of Goods and Services as well. The applicant thus confirmed that they have signed a contract of constructing the Service and Teaching Facility at CMC and as mentioned in the contract the issuing company was obliged to give 5% of the contract price as the ‘ Mobilization Advance ’ to the applicant (construction company). The said ‘Mobilization Advance was to be given in two installments each bearing. 2.5 percent and the value completely am

Purchasing Payroll Software is a complicated decision for a company. In today’s fast-changing digital world, there are lots of payroll software out there but the company has to choose one with maximum benefits. Most of the products are headed at earning more and more profits but there are some genuine products such as Gen  Payroll Software for company & employees management that are providing the best payroll features and reduce the time wastage of the company. Below are the features that you should be looking for in an Ideal Payroll Software. Customer Service The company providing payroll software should have good customer support. If the customer is unsatisfied then this will result in ruining the worth and name of the company. Thus the product providing the best customer service is necessary.  Integration The payroll software should be able to execute tasks related to the import and export of data easily and quickly. It should have basic features for the integration