Till date, franchise return was treated as inward supply only, i.e., only the GST input account got impacted. But with this update, now GST credit note can be issued impacting the GST output ledger. The provision has been created as GST law/rules… read more
Earlier, due to GST rules, a single debit/credit note could have only a single invoice number. Because of this, Ginesys users could not initiate a single Purchase Return Debit Note against multiple invoices.… read more
The invoicing norms set by the GST council is a sigh of relief for the Retailers in India. It helps abolish the issue of long invoices detailing prices and taxes for each item under the GST regime. It also allows retailers to avoid the issuing of… read more
Less than 15 Days to go for GST rollout, everyone is still uncertain about how to get GST-ready. Not so, if you are a Ginesys user. Ginesys has already rolled out its first patch for GST i.e. GST Masters Configuration.
With the updates… read more