GST and Impact of GST on IT Sector

What is GST:

Goods and Services Tax (GST) is an indirect tax reform which aims to remove tax barriers between states and create a single market. In GST consumers should benefit in two ways.

First, All taxes will be collected at the point of consumption. So that there will be more transparency in taxation.

Second, once barriers between states are removed, consumers will not end up paying “tax on tax”.

Impact of GST on IT sector:

  • Complex billing and invoicing requirements due to the supply and valuation provisions of the GST bill could complicate taxation for IT companies.
  • Under GST regime there are three tax point: Central GST, inter GST and State GST .Multiplying three GST with 37 Jurisdiction take the total number of point of taxation to 111.This means IT companies will have to register and file compliance reports at as many as 111 points.
  • IT units in special economic zones (SEZs) will lose some inherent advantages because there is no provision for upfront tax exemptions in the GST bill.

In the process of implementing GST through legislations, It should not become a negative from the point of view of ease of doing business, there is possibility that Government in improving ease of doing business and reduced tax related litigation in India. GST could also generate business for large and small IT companies as organizations across the country reconfigure their IT systems to adhere to the new tax regime.

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Momentum Software Celebrated RUBAROO2k17

Delhi Technical Campus recently organized their Annual Fest “Rubaroo’17” on 22nd April’17, which was sponsored by “Momentum Software”. Both these organizations have come together to promote the sole aim of imparting excellence with ace training in the field of Information Technology.

This momentous event was graced by one of the rising singer of Punjabi music industry, “Harsimran”. This occasion was a huge success. People were delighted and had an informative session about the widespread domain of IT sector. People who wish to look themselves as professionals in the world of IT can be a part of Momentum Software – “Because they solve it for you! “

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The Impact of Mobile Apps on Education Industry

With the deep influence of smartphones in our lives today, It is not wrong to say that the smartphones have permeated almost all spheres of our lives and providing better and faster technology solutions to people that helps to save Time and Money.

What Mobile Apps means for educational Industry.

For the most significant “Education Sector” today, the mobiles app offer an enhanced , better and more engaging solution of teaching for students, teachers and other people associated with educational sector. Though the recent transformation in mobile apps has completely changed the traditional way of “going to school”. That brings huge change in education system.

How Mobile Apps can contribute effectively in Digitalization:

  • Mobile Apps are Digital Revolution in education system where student can find every thing related to education.
  • Enable collaboration between students, teachers and parents.
  • An integrated platform where play schools, Colleges, and other educational institutions for marketing their services and performing day to day Administration.
  • Update all type of education activities online with your App
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M-Commerce is the future of E-Commerce

The term “M-Commerce” stands for Mobile Commerce; It is characterized by the purchase or sale of goods or services on a mobile terminal.

In simple words M-Commerce = E-Commerce + Wireless Web

It includes the following features:-

  • Allow direct access to information on the go.
  • Creates opportunity to deliver new services to existing customers and attract new customers.
  • Can be done via the internet, private communication lines, smart cards, etc.

The future development of the mobile telecommunication sector is heading more and more towards value-added services.

Analysts forecast that soon half of mobile operator’s revenue will be earned through mobile commerce.

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Impact of Demonetization on Economy

As the demonetization initiative encourages the use of plastic and electronic money, cash transactions will become less. The aim is to wash the stock of “black money” out of the economy and get it into the licit, banked and taxable, part of the economy.

The transition to a cashless economy will also improve savings in financial assets which will benefit intermediaries such as banks, NBFCs, microfinance and digital money operators.

But there are also some negative impact of Demonetization on the economy:-

  • Less Business Activities
  • Chance of losing Business Customers
  • Insufficient funds for Trade
  • Delayed payment of debts by firms which leads to liquidity crunch
  • Foreign money still remains untapped

To sum up, demonetization can only be a part of a comprehensive strategy to tackle corruption and generation of black income. Progress on these would make a real contribution to reducing the long- term gain of black income over time and Demonetization benefits to the society will only visible in long-term.

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Today’s Business is all about Digital Marketing

Digital marketing” is the process of building and maintaining customer relationships through online activities to generate sales and/or capture customer that are searching on the Internet for answer.

In Plain English:- Getting found Online

Key Components:-

  • Website Design (User experience)
  • Search engine optimization (SEO)
  • Pay Per Click (PPC)
  • Social media Marketing (SMM)
  • Email marketing
  • Display advertising (banner ads)

With the constant growth of the web, and more people getting connected every day, digital marketing has become a necessity for many organizations. This also includes small businesses that want to trade online and make a name themselves on the web.

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New Trend of Society – Going Cash less

What is a Cashless Society?

  • No Paper money or coins
  • Everything is electronic

A Cashless society would be very beneficial once everyone got accustomed to it even though it has it’s security risks and may leave some people in tough situations. Moreover having everything done electronically leaves less likelihood for error and makes things more secure.

Software and Hardware Used:-

  • EPS-Electronic Payment System
  • EFT-Electronic Funds Transfer
  • Microchips/Smart Cards
  • Fingerprints
  • Retinal
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Best Technology platforms for E-commerce Site

Surely, there are no universal features, technology and design options for any website, that will be elevated to the top throes of popularity but there are several general essentials and even desirable things which should not be ignored while creating this.
Obviously, It depends on what languages you’re most comfortable with and how you flushed out your requirements of your e-commerce site. But for E-commerce site the most common as well as cost effective are those using PHP and mysql.
You can build an online website using open source platform like Magento, Opencart & Woocommerce which is quite popular among the new developers.

Magento

Magento is a powerful open source content management system and it provides you easy customization and management of complex voucher systems. It has a mobile e-commerce support and also provides SEO friendly content management system.

Woocommerce

Woocommerce is the most reliable ecommerce platform with its extraordinary modules and a great number of availability of themes. It is open-source and allow all sort of customization.

Opencart

Opencart is best platform if you want to develop a simple website. Also Opencart plugins and themes are cheaper and more robust. Opencart has a guest feature available for the customers. The customers can simply enter the minimum amount of details required to process their orders.

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Reasons Your Store Needs an E-Commerce Website to Grow

The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. E-commerce must be totally integrated into every area of your business. It’s everything you need to sell your own products or resell a catalog of products direct from your web site.

No Geographic Limitations

No Limitation of distance is there. E-commerce has converted world into a global village. Buyers and sellers meet via internet.

Savings

Sellers need not to go to the store physically. Hence, it saves both time and money.

24*7 Business

E-commerce is a 24*7 business. There is no opening and closing time for the stores.

Huge Variety

Customers can easily select products from different providers without moving around physically.

Least Capital Required

High initial cost is not required. Business can be started with least amount of capital.
Getting the website designing done with ecommerce platform is undoubtedly cheaper than purchasing a shop in mall or good marketing area. Even the other costing is low. E-commerce is all about transforming your key business processes with internet technologies.

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E-Commerce Websites in Today’s Business World

Both small and big business are today using ecommerce website to gain larger profits. An ecommerce site is the best platform to bring retailers, manufactures and clients at the same place. Such sites increase the shopping experience of customers and offer them more continence in comparison to other sites. As we all know, today’s buyers are getting addicted of online shopping. People are avoiding going out and buying products because they can do it from their homes. It is increasing business possibilities for small businesses and offering them a great chance taking quick progress. The best part in all is the ease of buying at home with a huge collection before you with extreme lesser overheads.

It is way of increasing sales

Every online business seeks the larger number of customers. Customer visit only those sites,which have a good user interface, good shopping tools, and better discount offers.

Regular Customer

Every online user loves to shop at a site, where maximum payment options are available because it will realize your customers the convenience of shopping.

No time Restriction

The ecommerce website offers 24-7 shopping facility, which is quite beneficial for the business owners.

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