Bextol Consultants https://bextol.com Commerce+ Mon, 03 Aug 2020 14:37:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://i0.wp.com/bextol.com/wp-content/uploads/2020/07/cropped-icon.jpg?fit=32%2C32&ssl=1 Bextol Consultants https://bextol.com 32 32 180503659 Documents Required for GST Registration https://bextol.com/documents-required-for-gst-registration/?utm_source=rss&utm_medium=rss&utm_campaign=documents-required-for-gst-registration Mon, 03 Aug 2020 14:26:21 +0000 http://bextol.com/?p=2223 According to a recent notification by the Central Board of Indirect Taxes and Customs, certain suppliers of goods need not register for GST if their yearly turnover is less than Rs.40 lakh. (In Kerala it is 20 Lakhs) Nevertheless, as an MSME owner, it is always beneficial to know how to register for GST as you may be in the service sector and the laws may change at any time. To enlist successfully, you must produce the necessary documents required for GST registration like PAN card, Aadhaar card and address proof.

Here is a list of the GST registration documents you must provide based on your business type.

Who Should Register for GST?

According to the Goods and Services Tax Act 2017, any business with a turnover of Rs.40 lakh (In kerala 20 Lakhs) and above must register for GST. For North-eastern and hill states, the turnover threshold for GST registration is Rs.10 lakh.
In addition, following individuals also need to complete GST registration and acquire unique 15-digit GSTIN:

  • Individuals making inter-state supply of taxable goods and services.
  • Individuals with taxability under reverse charge.
  • Non-resident taxable individuals.
  • Individuals eligible for tax deduction under section 37.
  • Individuals supplying goods and services on behalf of any other registered taxpayer in capacity as an agent or any other manner.
  • Individuals acting as distributors of input service.
  • All e-commerce operators.
  • Aggregators supplying services under a new brand or trade name.
  • Any other individual or group of individuals notified by the Central or State Government as per the GST Council’s recommendations.

When you provide intra-state services with an annual turnover of over Rs.20 lakh and intra-state good providers with annual turnovers of more than Rs.40 lakh, you need to register for GST. Additionally, intra-state suppliers must register for GST.

What are the Main Documents Required for GST Registration?

The main documents for GST registration include a PAN card, proof of business registration, identity, photographs and address proof of persons in charge, the business’ address proof and bank account statements.

You can prove your bank details by means of a bank statement, cancelled cheque or an extract from your passbook. Similarly, an address proof can take the form of an electricity bill, rent agreement, ownership documents, property tax statement and so on.

GST Registration Documents for Individuals and Sole Proprietors

  • Owner’s PAN card
  • Owner’s Aadhaar card
  • Owner’s photograph
  • Proof of address
  • Bank account details

GST Registration Documents for Partnerships and LLPs

  • Partnership deed
  • PAN cards of partners involved
  • Photographs of partners involved
  • Address proof of partners involved
  • Aadhaar card of any authorised signatory
  • Signatory’s proof of appointment
  • LLP proof of registration
  • Bank details
  • Business’ principal address proof

GST Registration Documents for Hindu Undivided Families (HUFs)

  • HUF’s PAN card
  • Karta’s (patriarch of family) PAN card
  • Owner’s photograph
  • Bank detail
  • Business’ principal address proof

GST Registration Documents for Companies

  • Company PAN card
  • The Ministry of Corporate Affairs incorporation certificate
  • Memorandum/ Articles of Association
  • Signatory’s appointment proof
  • Signatory’s PAN card
  • Signatory’s Aadhaar card
  • PAN card of all directors
  • Address proof of all directors
  • Bank details
  • Business’ principal address proof

GST Registration Documents for Society or Club

A society or club needs to provide the following GST registration documents to complete the process and obtain GSTIN.

  • I. A copy of the club or society’s registration certificate.
  • II. A copy of PAN card of the club or society along with that of associated partners or promoters.
  • III. Photograph of partners or promoters.
  • IV. A copy of bank account statement/crossed cheque/passbook’s first page.
  • V. Proof of registered office’s address, that can include utility bills, documents of legal ownership/municipal khata copy for premises owned by the society or club. In the case of rented premises, a rent agreement as well as NOC from the premise’s owner.
  • VI. Authorisation letter signed by authorised signatory/signatories.
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Book Keeper Review https://bextol.com/book-keeper-review/?utm_source=rss&utm_medium=rss&utm_campaign=book-keeper-review Sat, 25 Jul 2020 08:04:54 +0000 http://bextol.com/?p=2210 What is Book Keeper?

Book Keeper is an accounting application designed for multi-platform use that caters to the needs of small businesses and growing enterprises. It is a hybrid accounting tool that can function as an on-premise application and as a mobile app for entrepreneurs on the go.

The software offers a comprehensive accounting set complete with invoicing, taxation, receipts/payments, and financial reports among others. It also comes with inventory management capabilities like real-time stock visibility, order quantities, and damaged stock to name a few.

Book Keeper is optimized for offline use as well, allowing users to perform their tasks even when there is no Internet connection available. Once Book Keeper is online, it automatically synchronizes all data to ensure that all information users work with are up to date.

Overview of Book Keeper Benefits

Book Keeper is a robust accounting software that simplifies all your accounting, inventory, and taxation concerns and processes. For one, it can function both online and offline. Being a hybrid software, you can perform all your tasks even if you are not connected to the internet. Once you get back online, Book Keeper instantly synchronizes all your information so you’re working with the most recent data.

Speaking of data, Book Keeper does not store your information on its internal server. Instead, the software backs up all your data and uploads them on Dropbox for better, simpler, and more secure access and storage. No one can access all your sensitive information unless you provide them with your Dropbox access details. That said, you can still choose to store your data on your personal computer should you prefer it that way.

Book Keeper provides you with an end-to-end integration with Tally. With a single click of a button, all your accounting details are imported to your Tally account, which makes it very convenient for you or your accountant to work on your figures without having to recreate the master file. It makes accounting effortless, fast, and highly accurate.

Book Keeper also functions as retailing/POS software, providing you with Point of sale capabilities without having to exit the Book Keeper environment.

Overview of Book Keeper Features

  • Accounting
  • Invoicing
  • GST-Ready
  • Inventory Management
  • Warehousing
  • Barcode
  • Receipts & Expenses
  • Orders/Estimates/Quotes
  • Sync Across Devices
  • Insightful Dashboard
  • Comprehensive Reports
  • Tally Compatible

What Problems Will Book Keeper Solve?

Q: Small organizations with 1-10 employees in the market or in counter face issue with their business setup. How to operate, how to sync, how to get real-time data?

A: Book Keeper solves this problem with sync via Dropbox and by providing permissions to each and every user.

Q: Most of the apps are so complex to operate

A: Book Keeper is most simplified accounting app that bridge the gap between businessman and accounting software. You don’t need to learn how to operate a software, it is that simple.

Book Keeper Position In Our Categories

Since businesses have specific business-related demands, it is only sensible they avoid paying for an all-encompassing, ideal business program. Still, it would be hard to discover such application even among well-known software systems. The practical thing to do is to shortlist the different vital aspects which necessitate analysis like major features, price plans, skill ability of staff, organizational size, etc. The second step is, you should double down on your product research through and through. Browse through these Book Keeper reviews and check out each of the software programs in your shortlist more closely. Such comprehensive research ensures you weed out mismatched software products and pay for the one which provides all the aspects your business requires.

Book Keeper offers an enterprise pricing of $50 per year or $200 per 10 years with the following inclusions:

  • FREE Updates
  • FREE Support
  • FREE Sync
  • FREE License Transfer
  • Unlimited Companies
  • Unlimited Accounts/Items
  • Unlimited Users
  • Unlimited Transactions

echnical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Mac
  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • One-time payment
  • Annual Subscription

Customer Types

  • Small Business

What Support Does This Vendor Offer?

  • Email
  • Phone
  • Live Support
  • Training
  • Tickets

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GST: 9 reasons why small businesses should use mobile apps for filing GST https://bextol.com/gst-9-reasons-why-small-businesses-should-use-mobile-apps-for-filing-gst/?utm_source=rss&utm_medium=rss&utm_campaign=gst-9-reasons-why-small-businesses-should-use-mobile-apps-for-filing-gst Fri, 24 Jul 2020 11:16:00 +0000 http://bextol.com/?p=2202 By Rohit Birla

GST and Taxation for MSMEs: GST accounting applications have helped in the transition of many small businesses in an easier and cost-effective manner to a new indirect tax system and also making them organised in terms of their bookkeeping.

GST and Taxation for MSMEs: Since the launch of July 2017, Goods & Service Tax (GST) has been the most important factor for government and businesses with many changes being introduced recently. GST for Indian economy has been an evolving process and has brought advantages for small businesses in many ways by reducing complexities of inter-state taxation, digitization of MSMEs and an online portal for registration, filing and compliance purpose to make indirect taxation convenient and simple in India. There are about 13 million GST payers, out of which, 6-7 million are B2B, and 5-6 million are B2C. India’s MSME sector contributes about 8 per cent of India’s GDP, 45 per cent of the manufacturing output, 40 per cent of the exports, and 40 per cent of the total workforce.

GST Filing Mobile Apps

With the advent of GST, the demand for accounting software surged and also a new category emerged: GST accounting mobile apps to tap into the growing mobile users and millions of micro and small entrepreneurs who would be falling under GST ambit would require a proper digital GST invoicing and accounting solution. Since, smartphones are quite a popular gadget found with almost every person nowadays, people are quite passionate about doing most of the work over the phone. This habit has been taken into consideration by new innovators to develop GST filing mobile application, which is available on Android, IOS and desktop too, that can be downloaded from their website.

Even today, a large proportion of businesses use paper and pen to make bills. They do not understand what’s happening in their business, such as profits, receivables, stock adjustments, etc. They are so much dependent on their chartered accountants and find the use of accounting software complex that require training. In today’s day and age, it is imperative that Indian MSMEs should go digital. Using simple applications to manage billing, stock inventory, receivables, and payables help Indian MSMEs stay on top of their business. Further, filing GST is tedious for MSMEs if they don’t have a digital solution, as they end up wasting time in compliance work

Advantages for SMBs and Startups

Accounting applications have tried to bridge the gap by making invoicing process digital and easier enabling the business owners to make invoices and do the accounting and view business online. They use terminology which is not accounting-based but as used in daily business life so that one with limited accounting knowledge can also be able to use. These companies provide very active customer support for solving their queries on a daily basis.

Such fully GST-compatible applications make taxes less taxing for small businesses. They help in creating GST-compliant invoicing for regular and composite dealers. They help filing of most accurate GSTR-1, GSTR-3B and GSTR-4 without any hassles and also generate e-way bills as per your business needs. These accounting applications are available on mobile and desktop enabling the business owner to synchronise their data between multiple devices such as mobile and desktop. New businesses have switched to GST filing applications for multiple reasons, below are few of them:

Less time-consuming– The speed of the mobile apps is quick; hence the documents are uploaded in no time.


User friendly- The applications involves fewer hassles in comparison to manual filings.


Easy to understand– The navigation of apps is up to mark. Hence it offers a quick understanding of the filing process to the new users.

Cost-effective – The accounting applications come at a very economical cost for the SMBs as compared to accounting software and also with GST reports. Filing on portal helps in reducing accounting and compliance costs for them.


Automated – The automatic reports are generated, giving the taxpayer ease to understand and curate the business operations.


Easy to keep record– The mobile applications log every moment of the taxpayer, saving the document safe and easily accessible.

Regular updates- The application send daily notifications and updates to the user to ensure the timely filing of GST returns.


Videos– Mobile App has videos of the filing process, which can be seen and learned in a hassle-free manner.


Availability of HSN and SAC code– These codes are required while filing tax returns as per the annual turnover of the firm.

GST accounting applications have helped in the transition of many small businesses in an easier and cost-effective manner to a new indirect tax system and also making them organised in terms of their bookkeeping. Hence, to keep up with digitalization, it is vital to switch to more straightforward solutions like applications. These applications help in collecting payments timely, management of business finances, keeping track of your business inventory, and generating GST reports. The mobile apps also help in keeping a tab on the taxpayers to prevent tax evasion

Rohit Birla is the Co-founder of Book Keeper. Views expressed are the author’ own

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A new open source toolkit to prevent VR cybersickness https://bextol.com/a-new-open-source-toolkit-to-prevent-vr-cybersickness/?utm_source=rss&utm_medium=rss&utm_campaign=a-new-open-source-toolkit-to-prevent-vr-cybersickness Tue, 21 Jul 2020 04:03:50 +0000 http://bextol.com/?p=2007

John Quarles, an associate professor in UTSA’s Department of Computer Science, said in the blog post that GingerVR can be applied to any Unity application, from personal games to enterprise tools. That’s relevant given Unity’s increased focus on B2B solutions, alongside its lead in AR/VR game development.

Quarles and Ph.D. student Samuel Ang named GingerVR after the plant commonly used to treat nausea, a key sign of cybersickness. Side effects ranging from headaches and nausea to confusion and sensory processing problems have plagued AR and VR tools for decades

GingerVR’s release arrives three years after AR/VR leaders launched OpenXR, a royalty-free platform offering open source access to AR/VR platforms and devices. Quarles says that OpenXR doesn’t address cybersickness, which led him to co-create GingerVR. (Note that GingerVR is still in the process of choosing an open source license but intends to do so.)

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