Zybra Private Limited

Accounting Software
303 , Shivalik Highstreet
besides Keshavbaug party plot , Vastrapur Ahemdabad , Gujarat 380015 India (079)48009272

Receipts Manager by Zybra

Zybra Accounting Software is an easy to use cloud based accounting software for Small & Medium scale business. It makes Accounting EffortLess and can be accessed Anytime & Anywhere. Zybra is a feature rich software with many features including 1. Dashboard – Real-time updates of data in graphical form. Shows graphs of Total Receivables, Total Payables, Cash Flow, Top Expenses, Income vs Expenses and more. 2. Contact – User can manage all the contacts of Customers & Vendors. User can also view the receivables & payables of each of them & generate customer/vendor statements. 3. Inventory – User can manage basic inventory of items/services. 4. Banking – All Cash & Bank Accounts can be added & managed here. 5. Sales – User can Add/Send/Edit/Covert Estimates/Invoices/Recurring Invoices/Credit Notes/Payment Received for sales related transactions the business. 6. Purchase – User can Add/Send/Edit/Covert POs/Bills/Recurring Bills/Vendor Credits/Payment Made/Expense/Recurring Expense for purchase related transactions the business. 7. Accountant – All chart of accountants & Journal Entries can be managed here. 8. Taxes – User can create different Taxes, Compound Taxes for sales & purchase entries. 9. Documents – This is a basic DMS for all bookkeeping related documents(Invoices/Bills/Receipts/Bank Statements)[this works well with Receipts Manager App]. 10. Reports – Gives access to 40+ different reports including P&L, Cashflow & Balance Sheet 11. Organization Profile – User can manage details about their organization & add logo for each transaction document that is generated. 12. Opening Balances – to enter the opening balance of the last Financial Year when starting to use the software 13. User & Role Management – Apart from basic accounting features, user can also invite/control access to different users for Add/View/Delete rights for different section. 14. Module Preferences – Activate/Inactivate modules when not needed for the business. 15. Live Chat Support – a 24x7 live chat support is provided inside the software.
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Finance Local
0.0.2
Android 4.1 and up
471k
Full internet access.
5.0 4

Final GST rates out, slabs fixed at 5%, 12%, 18% & 28%

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Under the present arrangement, Govt. has decided to implement a 4-slab tax structure under GST regime, which shall cover every product and commodity sold or bought in India.

Interestingly, slab zero is 0% tax rate which has been finalized for 50% of basic commodities included in the Consumer Price Index, which will help rural population to a greater degree, and help in controlling inflation.

Under 0% tax rate, commodities such as food grains, rice, wheat are included.

The first slab is 5% tax, under which products of mass consumption are included such as spices, tea and mustard oil.

Second slab is 12% under which processed food items has been included.

Third slab is 18% tax, under which items such as soaps, oil, toothpaste, refrigerator, and smartphones have been included. Right now, these products are taxed more than 25% tax rates, which would go down after GST is implemented.

Fourth slab is 28%, but there are two tiers under that: Under 28% slab, white goods and cars are included. Currently, whatever products are included in the 27-31% would be included in this tax bracket.

Meanwhile for 28% plus cess, sin products such as luxury cars, tobacco products, pan masala and aerated drinks are included. This cess would be applied by Centre, in a manner which allows higher tax which is currently charged.

Hence, if some tobacco products attract 32% tax currently, then GST regime, Centre will apply a cess charge of 4% besides 28% as finalized yesterday.

During the first year of GST implementation, overall loss to states is expected at Rs 50,000 crore. The cess on 28% besides energy cess would be used by Centre to compensate for this loss.

Ecommerce, Digital and IT industry would be especially looking out for tax slabs for services industry, which is expected to be finalized around 15-18%.

On Friday, the GST Council will again meet to decide the sharing of administrative powers between Centre and State Governments. As per various analysts, that would be the real test of character for GST Council members, as both the parties would try to seize as much control as they can.

Source: Trak.in
  • Posted on Nov 4, 2016
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  • By Deep Patel
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  • 0 Comments

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