GST Billing System
GST also known as the Goods and Services Tax is outlined because the gigantic oblique tax structure designed to support and enhances the economic progress of the nation. The necessity arose for the alternate in tax constitution from ordinary to GST model. It is going to now not be one other tax, it’ll incorporate central excise duty, service tax additional duties of customers at the central level, VAT, central sales tax, entertainment tax, octroi, state surcharge, luxury tax, lottery tax and other surcharge on supply of goods and services. The reason of GST is to replace all these taxes with single comprehensive tax, bringing all of it below single umbrella. The reason is to eliminate tax on tax. It’s expected to iron out wrinkles of current oblique tax procedure and play a valuable position in growth of India. In order to make the understanding of the paper more clear the paper has been divided into certain sections wherein the first section that is the present section talks about the concept, meaning & importance of implementing GST in India. The second section talks about the objectives, and methodology of the study. The third section talks about the existing Tax structure in India. The fourth section talks about the features of the proposed GST. The fifth section talks about the advantages, and disadvantages of the GST. The sixth section talks about the Impact that may have in India when GST will be made applicable. The seventh section talks about the GST outside India. And the last section is the conclusion.
Inability of modification of data: The managing of huge data effectively and efficiently for efficient results, storing the details of the consumers etc. in such a way that the database can be modified as not possible in the current system. Not user friendly: The existing system is not user friendly because the retrieval and storing of data is slow and data is not maintained efficiently.
Difficulty in reports generating: Either no reports generating in a current system or they are generated with great difficulty reports take time to generate in the current system.
Manual operator control: Manual operator control is there and leads to a lot of chaos and errors.
Lot of paperwork: Existing system requires lot of paper work and even a small transaction require many papers fill. Moreover any unnatural cause (such as fire in the organization) can destroy all data of the organization. Loss of even a single paper led to difficult situation because all the papers are interrelated.
Inability of sharing the data: Data cannot be shared in the existing system. This means that no two persons can use the same data in existing system. Also the two departments in an organization cannot interact with each other without the actual movement of data.
Before we begin a new system it is important to study the system that will be improved or replaced (if there is one). We need to analyze how this system uses hardware, software, network and the people resources to convert data resources, such as transaction data, into information products, such as reports and displays. Thus we should document how the information system activities of input, processing, output, storage and control are accomplished.
1. Easiness in modification of data: The proposed system provides managing of huge data effectively and efficiently for efficient results, storing the details of the customers, employees etc. in such a way that the database can be modified.
2. User friendly: The proposed system is user friendly because the retrieval and storing of data is fast and data is maintained efficiently. Moreover the graphical user interface is provided in the proposed system, which provides user to deal with the system very easily.
3. Reports are easily generated: Reports can be easily generated in a proposed system. So any type of reports can be generated in a proposed system, which helps the managers in a decisions-making activity.