How to manage TDS on purchase of goods in Gofrugal ERP?
TDS will be deduced on purchase of goods effective from 1st July 2021. TDS of 0.1% will be deducted by the buyer if the
purchase from a particular seller goes above 50 lakhs. TDS will be deducted only when the buyer's turnover goes above Rs. 10
Crores. If not, then TCS will be collected. If the turnovers of both the
parties are less than 10 crores then, neither TDS not TCS will come
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How to update my Gofrugal ERP software?
Gofrugal ensures to keep it's customer tax compliant and updated with new market needy solutions. To make it possible, we give weekly product updates. Click on the link against your product to keep your ERP updated. Product Help link RetailEasy ...
6 Important changes to adopt in the new financial year 2021-2022
The Government of India has made 5 amendments for the financial year 2022 and have also mandated the audit trails in the accounting software, applicable from 1st April 2021. The 6 important changes are, 1. HSN code should be printed in the ...
Kerala flood cess will be stopped from August 1st 2021
The Kerala flood calamity cess which is being collected from end consumers for the past 2 years on non-essential goods at the rate of 1 % will be stopped from August 1st 2021. Click on the link against your product to stop the calamity cess ...
Upload documents into AccountsEasy for reference in HO setups
For HQ customers, in AccountsEasy voucher screens, users can upload documents as reference. Eg, If you made a payment to a supplier using a cheque, the scanned copy or image can be uploaded against the payment voucher. These uplaoded documents can be ...