Impact of GST on Online Businesses [India]

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Impact of GST on Online Businesses [India]

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Impact of GST on Online Businesses [India]

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Impact of GST on Online Businesses [India]

The introduction of GST is the boldest and single largest tax reform since the opening up of economy. It aims at providing a cohesive tax approach across India. For online businesses especially for eCommerce, it is a welcome step as passing of GST tends to rationalize seamless integration of goods and services across the country. Following are the key impacts and recommendations for an online business on account of GST: GST not only revamps the current paradigm of indirect taxes but also improves tax compliance.

Ease of Starting-up GST brings in the uniformity through centralized registration which makes it easier for online businesses to get started. This centralized system replaces the old and rigid process of VAT registration issued by Sales Tax Department.

Higher Exemptions Earlier businesses with turnover of more than Rs. five lakh needed VAT registration. GST increases this bar to Rs. 10 Lakh, thereby bringing respite for new businesses.

 Simple Taxation GST aims to minimize the hitches in the double tax system. It simplifies the process by integrating all taxes into a Uniform GST.

 Reduction in logistic costs GST eliminates border taxes which are levied upon movement of goods from one state to another. Hence the costs inculcated in the logistics movement will come down. Seamless interstate flow of goods will further accelerate the demand for logistic services. GST reduces the cost competitiveness as players are directly brought under a single tax regime.

TraNxt Wins 2017 Great User Experience Award For Business Process Management Software

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TraNxt Wins 2017 Great User Experience Award For Business Process Management Software

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TraNxt Wins 2017 Great User Experience Award For Business Process Management Software

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TraNxt Wins 2017 Great User Experience Award For Business Process Management Software

Tranxt, an online portal designed for travel agencies, was recently recognized by a leading business software marketplace for its intuitive user interface and growing recognition as a top travel business app. FinancesOnline granted the business process management software the 2017 Great User Experience Award and the Rising Star Award. Both are major awards granted to select apps by the leading B2B software review site, which covers more than 3,000 business solutions. TraNxt received the 2017 Great User Experience Award for top BPM software for its end-to-end features, such as, email marketing, auto quotation, inquiry management, invoicing and estimates and even basic CRM. The reviewers were impressed with our solution's depth of features and focus on helping the travel industry vastly improve the delivery of services.

Tranxt helps agents send quotes and invoices fast. Agencies can brand the forms with their logo and colors to add legitimacy to their business. Our software also features a marketing module, which, among others, allows you to send personalized emails. Likewise, it lets you build detailed itinerary content that you can quickly send to clients looking for information like destinations, ETAs and ETDs, hotels and resorts, meal plans and deals.

On the other hand, the 2017 Rising Star Award highlights our software's significant role in improving travel agencies' productivity and profitability by meeting customer needs fast and with managed expectations. Agencies with no website can depend on TraNxt to conduct their email marketing, CRM initiatives and billing on one platform.

Tranxt is also one of the top 10 business process management software solutions cited by FinancesOnline. Among the key features the list highlights include the app's auto quotation, interactive dashboard, multiple templates and inquiry management.