SkyERP GST Plus The enormously talked about GST implementation has become a reality. The Goods and Service Tax, an unprecedented and revolutionary step in the Indian taxation system, is being proclaimed as the biggest tax reform in India. GST will add to the economic growth and bring simplicity in the way businesses operate by replacing existing Indirect taxes such as Excise, Value Added Tax (VAT), Service Tax, etc., into one taxation policy.

However, for businesses to proceed to function smoothly, their ERP solution/ accounting software will have to be GST-ready. GST invoice billing software’s are rampant in the market and free GST billing software in excel are being used by individuals to file GST. A GST ready software solution ought to have completely re-engineered the Tax Rule Engine, consolidating the new data.

Key Requirements for GST Compliance

• Updating Master Data Information: GST has completely overhauled the taxation in India. Under the new arrangement, tax rates will vary in regard to the charge of tax, point of supply of goods and services and time of supply. In accordance with these changes, your GST reconciliation software should have all updated master records information such as Inventory, Warehouse Information, Customer’s Bill To and Ship To Addresses, etc.
• Connecting new Reporting and Workflow systems: The GST-ready ERP system should have new robust workflow systems to effectively manage the consolidation of taxes and ensure timely submission.
• GST billing software is a prerequisite for organizations to ensure that they’re following GST norms.

Apart from the above GST compliances, businesses will benefit from a cloud-based ERP solution. SkyERP GST Plus is the best GST software in India that is a Inventory Management software with Order Processing and job work along with full GST compliance. We provide a free GST software demo to all interested parties. Inventory management software free demos are just a click away.

The Importance of Inventory Management

Defining Success through Stock Control

What is inventory Management and Inventory management definition? Inventory management is the supervision of non-capitalized assets (inventory) and stock items. A component of supply chain management, inventory management supervises the flow of goods from manufacturers to warehouses and from these facilities to point of sale.

Importance of Inventory Management Inventory management system is important to all businesses because it helps them prevent stock outs, manage multiple locations, and ensure accurate recordkeeping. An inventory management system software makes these processes easier than trying to do them all manually. SkyERP GST plus is the best inventory management software that allows you to control stock levels and movement of stock over all stores of your organization. It also provides seamless reconciliation of marketing operations to maintain consistency throughout your company. SkyERP GST Plus provides an user defined dashboard wherein which users can chose what is to be displayed on the dashboard along with master data is set with product master and party master with HSN code and other details.

Module Overview: Order Processing to Sales

The Order processing module consists of the following:

• Purchase requisition: Request for Purchase is sent through Purchase requisition slip.
• Inquiry Details: Then the inquiry for the purchase are made here.
• Quotation Received: Quotation are received from different suppliers.
• Quotation Approved: A quotation is approved.
• Purchase Order: Easily create purchase orders for your vendors to include payment terms, quantity and other purchase information; available in multiple currencies. HSN code for product in GST is also included here.
• Goods Receipt Note: Provide your vendors with a delivery receipt of purchased goods, while mapping respective purchase orders, applied discount rates, and payment details.
• Purchase order for Job work: Purchase order for job work can also be created here.

SkyERP GST plus offers the best in its class environment for you to manage all your purchase processes, such as creating purchase orders, receiving goods, making payments, and allowing you to return defective goods with financial devices. You can create, monitor, and maintain all key order information of your purchases, ensuring that each purchase order is authentic and authorized. By connecting your purchase order to inventory control, you can obtain exact stock quantities, movement history, seasonal trends, and supplier lead points.

Financial and Stock Transactions

• Purchase Invoice: A purchase invoice can be used to prove that something was bought and how much was paid for it. An invoice is generated for the corresponding Purchase order.
• Purchase return: A purchase return transaction is when the buyer of merchandise, inventory, fixed assets, or other items sends these goods back to the seller.
• Credit/Debit note: When goods supplied are returned or when there is a revision in the invoice value due to goods (or services) not being up to the mark or extra goods being issued a Debit Note or Credit Note is issued by the supplier and receiver of goods and services.
• Input services: If there is a service rendered, then also there is a provision for Input services in the software. GST on software services
• Stock Issue & Stock receive: Automate and dynamically manage all stock operations such as inter-store stock transfer, stock issue, stock adjustment and auto shipment for complete information about the stock status and movement. It helps you manage stock allocations to multiple stores across locations with the centralized purchasing system.

Concept of Inventory Management and functions of inventory management Need of Inventory management software has not be as acute as today. The inventory management process consists of the following:

Production

• Issue for production: Along with party detail, the product details also get registered here.
• Receipt of goods: The receipt of goods for production is visible here. Along with whether it is own factory or job work has to be chosen here. The challan no. is issued along with making a recording of scrap quantity. There is also a provision for recording the BOM Details.

The Job work module consists of the following:

• Work Order: Work order no. along with consignee name and product details get recorded here.
• Receipt for job work: Receipt of job work along with the rate and quantity get defined here.
• Issue from Jobwork: Issue of job work along with the Issue slip no. and client name along with balance qty and wastage qty also get shown here.
• Dispatch Challan: The dispatch challan contains the details of the challan details like consignee, addresses and product details.
• Jobwork Invoice: It can be obtained through dispatch challan or work order. Containing job work details and product details.

Sales and Billing Management

Consolidating Customer Transactions

Sales and Billing Management consolidates the records of all products and services furnished to customers and manage the history of all past transactions associated with them. To make things trouble free, SkyERP GST plus organizes these by grouping various products in a single invoice for customers.

• Draft Order: Initially, order is drafted with client details and product details.
• Costing: Total cost is calculated here by quantity multiplied by units sold. THE BOM along with labor cost is calculated here.
• Sales Order: Easily create sales orders for your customer, including payment terms and complete sales information, as in customer quotation and purchase orders. It will show the order details, client PO details, and product detail.
• Delivery challan: It contains the challan details and Product details.
• Sales Invoice: Generate automated sales invoices including calculating sales tax, finance charges and discounts based on payment terms-either on a one-time or on a recurring basis.
• Supplementary Invoice: Supplementary tax invoice is a type of invoice that is issued by a taxable person in case where any deficiency is found in a tax invoice already issued by a taxable person.
• Commercial invoice: Invoice refers to a commercial document issued by the supplier to the buyer containing the details of goods and/or services supplied to him & notify the buyer that payment is due.
• Sales Return: Recipient returns the goods to the supplier.
• Debit/Credit note-rate difference: Generate a “Credit Note” for customers to use against sales invoices, if you need to refund your customers on a credit basis in order to get a refund in purchases.
• Output Services: Any services provided are to be recorded here. It has client detail, product details and terms and narration.
• E-Way Bill Bulk: E-Way Bill is an Electronic Way bill for movement of goods to be created on the eWay Bill Portal. A GST listed person cannot transport goods in a vehicle whose value exceeds Rs. 50,000 (Single Invoice/bill/delivery challan) without an e-way bill. We can generate bulk e-way bill through our software generated as a JSON file.

SkyERP GST plus incorporates the entire sales/billing management cycle by enabling you to place a sales order, generate an invoice, and receive payment. The linking of an invoice and a sales order provides you an understanding into the sales process. It also presents a refund facility for customers on a credit basis through the “Credit Note” function. SkyERP GST plus ERP System can seamlessly handle “blanket sales” orders for products that are purchased and dispensed over time.

Vouchers, Reports, and Final Compliance

Vouchers Different types of vouchers are obtained here. The voucher no. and voucher date has to be entered along with party or vendor details and product details are to be entered.

• Advance receipt and advance payment: An advance payment is a type of payment that is made ahead of its normal schedule.
• Refund of receipt and refund of payment: Refund voucher is to be issued in the case of withdrawal of service or sale and a receipt voucher at the time of receipt of advance under GST.
• Receipt Adjust & Payment Adjust: In the receipt adjust voucher the amount adjusted on advance receipt or advance payment is recorded here.

Reports Our software helps in the creation of 167 types of MIS reports. A few of them are as follows:

• Purchase reports: Various registers like Purchase register, purchase return register, and input service register.
• Production reports: BOM Consumption report, annexure IV and annexure V reports.
• Job work reports: Work order register, Dispatch challan register and job work invoice register.
• Sales reports: SO variance sales order, sales register and sales return reports.
• Inventory reports: Stock register and Batch/lot register.

GST Returns SkyERP GST Plus is complete GST compliant software. The following GST returns are auto populated:

• GSTR-1: Monthly return summarizing all sales.
• GSTR-2/2A: Purchase-related tax return automatically created by the GST portal.
• GSTR-3B: Mandatory form for all GST registrants.
• GST ITC-04: Details of challans for goods dispatched to or received from job workers.

GST Suvidha Provider (GSP) A GSP is a service provider who helps the taxpayer to comply with the provisions of the GST law through its web platform. We are a GST Suvidha Provider and the software used is SkyERP GST Plus.

Conclusion

The right utilization of the ERP system is vital for any business. SkyERP GST Plus seamlessly integrates with Tally. Tally with SkyERP GST software is the need of the hour. We offer the best support services compared to Tally ERP 9 GST software and other software like Marg GST software and busy accounting software for GST. Today it has become a need of the hour for firms to walk hand-in-hand with emerging technologies for staying competent—SkyERP GST Plus is one such tool that is successfully helping businesses achieve that.

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1. Security

Needless to say, in today’s digital business security is one of the most significant assurances. Secure software will protect classified business information and avoid any sort of agreement that may pose a threat to your business. You need to assure that the best GST software you buy is robust not only in return filing but also from the data protection point of view as well.

2. Multi-Platform Adaptability

Under the new government, every business has to be compliant—there is little choice of a choice. The concept of invoice matching has been included which will assure that every taxable self in the value chain files his/her billing GST software on time. This will directly influence the compliance rating of businesses. Thus, to keep up with these compliance demands the GST software your purchase should be allowed on varied platforms and must be accessible from desktop, tablets or mobile phones at any point in time, increasing the ease of doing online return filing.

3. Flexibility

Many large companies are already using one version of an Enterprise Resource Planning (ERP) Software to manage their business transactions and record or report processes. Even small and medium businesses for that matter have accounting mechanisms for book-keeping. In such an environment, setting up new master data in a new application (GST online Software) is not a probable option. The GST software provider must be flexible enough to blend with existing systems and present a seamless experience.

4. Cognizance

Under the GST regime, a normal taxpayer listed in one state will have to record twenty-five returns during a financial period. If we look into the dynamics of today’s companies, most brands are pan-India or have a global client base. Taking the example of a single online seller who works all over the country, we see that he may have to record 25*29 (29 states) = 725 returns in a single year. That is an average of almost two times a day! Well, this is why any free GST software that you decide must have the intelligence to communicate the user of all possible developments coming.

5. User Interface and Reporting

Having considered all the features above, one key feature which is universally appreciated is a user-friendly user interface. For any typical business character, this means informational dashboards and Informative Reports (MIS). This will enable prompt decision making and manifest operations. Real-time information may assist you to avoid over/under stocking and may save on operation capital. Also, for many businesses, an evaluation criterion for new software is the number of clicks to perform a critical task. A Best GST software must accommodate such requirements as well and as run on a minimum user interface principle.

Such software that takes care of the requirements is SkyERP GST Plus.

Core Modules and Compliance Features

Inventory Control

• Inventory Control for RM/SF/CG/FG
• Lotwise and Batchwise Inventory Control
• Location wise Inventory Control
• Check for negative stock

Order Management

• Material Requisition slip – for purchase/Procurement
• Inquiry letter/email to vendors
• Quotation Receipt from vendors with all terms and conditions
• Comparison Statement of Quotation received from vendors
• Purchase order – to vendor
• Goods receipt note (GRN) – When material received from the vendor

Job Work

• JW with adding of material
• JW without adding of material
• Bill of Material (BOM) for JW
• Inventory Management
• Job work billing (Monthly/Periodical)
• GST Compliance for job work

GST Compliance and Consultant

• GSP (GST Suvidha Provider)
• Intra state – CGST Compliance
• Intra state – SGST Compliance
• Inter State – IGST Compliance
• Input/Output tax credit under GST

What is GST Suvidha Provider?

As a GST franchise, we provide online GST portal, through GST online application or GST web portal by GST Suvidha Provider registration. By embedding our product with advantages over other products, we have made it a habit to present our customers with only the best.

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SkyERP GST Plus is a tool that helps businesses in India comply with the Goods and Services Tax (GST) system. GST is a comprehensive indirect tax that is levied on the supply of goods and services in India. It replaced several indirect taxes previously levied by the central and state governments and is meant to simplify the tax system and create a common market within India.

SkyERP GST Plus is designed to help businesses manage their GST compliance by automating various GST-related processes such as invoicing, tax calculation, and returns filing.

It provides features such as:

GST-compliant invoicing: 

The software allows businesses to create GST-compliant invoices, including the GST rates and tax amounts.

Tax calculation: 

The software automatically calculates the GST amounts based on the GST rates applicable to the goods and services being sold.

Returns filing: 

The software helps businesses file their GST returns electronically, saving them time and effort.

Reconciliation: 

The software helps businesses reconcile their GST transactions with the government’s GST portal, ensuring that all GST payments are up to date.

Overall, SkyERP GST Plus software is a useful tool for businesses looking to streamline their GST compliance process and avoid costly errors and penalties.

Material Requisition Process

The material requisition can be a time-consuming and tedious process for any organization. From tracking and ordering supplies to coordinating with multiple departments and vendors, the process can quickly become overwhelming and prone to errors. This is where material requisition software comes in.

Material requisition software streamlines the process of requesting and procuring materials by automating many of the tasks involved. With a centralized system for tracking and managing requests, users can easily place orders, track their status, and receive alerts when materials have been received.

One of the key benefits of material requisition software is its ability to improve efficiency. By automating tasks and providing a clear overview of the requisition process, users can save time and reduce the risk of errors. This can lead to better utilization of resources and more efficient operations overall.

Importance of Quality Control Management

Quality control management software is a valuable tool for businesses looking to improve the quality of their products and services. It helps organizations streamline and automate their quality control processes, ensuring that products and services meet the required standards and specifications.

One of the key benefits of using quality control management software is that it can help reduce the occurrence of defects and errors in products and services. This can save businesses time and money, as well as improve customer satisfaction and loyalty.

Another advantage of quality control management software is that it can provide real-time data and analytics on the quality of products and services. This can help businesses identify trends and patterns, and make informed decisions about how to improve the quality of their offerings.

The post Elevating Your Supply Chain & Quality Control Management With A Material Requisition Software appeared first on Everex Infotech.

Understanding SkyERP GST Plus:

Everex Infotech’s SkyERP GST Plus is a cloud-based billing software designed to simplify job-work businesses’ billing processes and GST compliance. The software provides a range of features, including customizable invoice templates, automated calculations, GST compliance, and detailed financial reporting. The software is user-friendly and easily accessible from anywhere with internet connectivity.

The Benefits of SkyERP GST Plus:

1. Simplified Invoicing: 

SkyERP GST Plus provides customizable invoice templates that you can use to generate professional and accurate invoices quickly. The software automatically calculates subtotals, taxes, and other charges, minimizing errors and reducing time spent on manual calculations.

2. GST Compliance: 

Ever-changing GST regulations and compliance requirements make GST compliance challenging for businesses. SkyERP GST Plus simplifies GST compliance by automatically calculating taxes, reconciling tax credits, and generating GST returns. This significantly reduces the burden of handling GST compliance and ensures accuracy.

3. Payment Tracking: 

Tracking payments and maintaining financial records is a crucial task for job-work businesses. SkyERP GST Plus enables you to record and track customer payments, generate payment reminders, and generate detailed payment reports. This feature ensures your cash flow remains stable and helps you make informed financial decisions.

4. Expense Management: 

Various expenses, such as raw materials, wages, and overheads, are incurred in job-work businesses. SkyERP GST Plus enables you to track and manage expenses in real-time and generate expense reports. This feature makes it easier to manage expenses and calculate cost margins accurately.

5. Financial Reports: 

Accurate financial reporting is essential for assessing your business’s financial health and making informed business decisions. SkyERP GST Plus generates a range of financial reports, including profit and loss statements, balance sheets, cash flow statements, and more. These reports provide insights into your business’s financial performance, enabling you to identify areas for improvement.

Using SkyERP GST Plus:

1. Software Implementation: 

Incorporating SkyERP GST Plus into your business processes is a straightforward process. Contact Everex Infotech’s sales team for pricing and compatibility with your systems. Then, select the appropriate subscription plan and start using the software.

2. Customization and Setup: 

Everex Infotech’s team helps you customize the software to suit your business needs. They configure invoice templates, taxes, payment terms, and other settings.

3. Training and Onboarding: 

SkyERP GST Plus is user-friendly, and Everex Infotech’s team provides comprehensive training to you and your team on how to use the software effectively. They will help you navigate the software’s features and ensure a smooth transition.

4. Data Migration: 

If you are transitioning from manual processes or other software, Everex Infotech’s team will help you transfer your data to SkyERP GST Plus. This ensures that your data is accurate and secure.

5. Ongoing Support and Updates: 

Everex Infotech’s customer support team is available 24/7 to provide support and assistance. They also provide regular software updates to improve performance and address any known issues.

To know more about SkyERP GST Plus and book a free Demo please get in touch at sales@everexinfotech.com or call +91 81 0434 5257 Visit us at https://everexinfotech.com

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In the face of these uncertainties, it becomes crucial to monitor production costs closely to sustain the profitability of your business. To achieve this, utilizing the optimal accounting software designed for manufacturing companies is essential. With the implementation of GST management software, these companies can streamline their processes, ensure compliance, and enhance overall productivity.

What are the Major Challenges in the Fabrication and Forging Industry?

1. Price Management and Tracking:

Navigating the intricate landscape of metal fabrication involves addressing challenges related to pricing and charge management. Metal fabricator businesses often struggle with keeping tabs on various charges such as refining, fines, and treatment. Efficient management of these costs is essential for maintaining competitiveness. Furthermore, handling diverse payment methods becomes a complex task, as it relies on quotation periods ranging from weeks to months.

2. Streamlining Supply Chain Management: 

Efficient supply chain management is pivotal for success in the metal fabrication and forging industry. Managing commodities like metal requires meticulous attention to detail, and relying on human execution alone can be time-consuming and error-prone. Tracking parameters such as weight, quantities, surface specifications, and material costs demands significant manpower, contributing to increased operational time and expenses.

Features of software SkyERP GST Plus- GST & Financial Accounting Management Software

1. Core Accounting Excellence:

• General Ledger: Maintain a robust ledger system for accurate financial tracking.
• Accounts Payable & Receivable: Streamline your financial transactions with efficient payable and receivable management.
• Bank Reconciliation: Ensure precision in financial records through seamless bank reconciliation.

2. GST Compliance Made Easy:

Conduct GST reconciliation with ease, ensuring accuracy in your financial reports.

Our GST accounting software, SkyERP GST Plus, is tailored to meet the compliance needs of manufacturing companies.

Generate GST-compliant invoices effortlessly.

Facilitate e-invoices and e-way bills seamlessly.

Simplify GST return filing for hassle-free compliance.

The post GST & Financial Accounting Management Software for Fabrication & Forging Industries appeared first on Everex Infotech.

Here are the modules:

1. Order processing

Order processing is the complete procedure of purchasing goods or services from a vendor or supplier for use within an organization. It begins with raising a material requisition based on sales orders, production needs, or direct requirements. Once approved, inquiries are sent to suppliers, quotations are received and compared, and the best option is approved. After approval, purchase orders are issued for materials, job work, or services, including running orders under rate contracts. When goods are received, a Goods Receipt Note (GRN) is generated to confirm delivery. With our order processing management software throughout this process, various registers and reports such as requisition status, inquiries sent, quotations received, purchase orders issued, and GRNs are maintained to track progress, ensure accuracy, and provide clear visibility through user-defined and functional reports.

2. Material Resource Planning (MRP)

It helps businesses plan and manage materials in a simple and organized way. It forecasts material needs based on sales orders, purchase orders, or expected customer demand and automatically creates material requisition slips from sales orders. Materials can be locked for specific orders to ensure availability and later unlocked or reassigned to other orders if required. By tracking material requirements, locked stock, unlock status, and reallocation, MRP ensures better inventory control, smooth production, and timely supply chain operations.

3. Quality Control

Our quality control management software helps businesses maintain product standards by checking material quality at every stage. Quality reports are generated for incoming materials from both in-house production and job work, ensuring defects are identified early. Job work issue quality reports further help track and maintain consistent quality across all processes.

4. Inventory Management

Inventory Management helps businesses control and track purchases, stock, production, and sales in a simple and organized way. It manages purchase invoices, returns, debit/credit notes, input services, and transactions from both registered and unregistered dealers. The system tracks stock movement such as issue and receipt for production, job work, and factory operations, along with bill of materials, consumption, and work-in-process. With detailed user-defined reports like stock registers, batch-wise and location-wise inventory, valuation methods (FIFO, LIFO, Average), scrap management, and profitability reports, the system provides complete visibility, accuracy, and better control over inventory and business operations.

5. Job Work Module

The Job Work Module helps businesses manage work that is done outside the factory by specialized job workers. Job work involves processing raw materials or semi-finished goods to complete part or all of a manufacturing process. It can be handled in two ways inward job work, where the business receives materials for processing, and outward jobwork, where materials are sent to external job workers. The module tracks bill of material consumption, process-wise job work, pending work, stock movement, work orders, dispatch challans, and job work invoices. By using job work management software features like, customer-wise inventory tracking, and periodic or monthly job work billing with e-invoicing, it ensures smooth coordination, clear reporting, and better control over job work operations.

6. Financial accounting Module

This Module helps businesses manage all financial entries in a clear and organized way. It records bank and cash receipts and payments, credit and debit notes, journal vouchers, contra entries, opening balances, imports, bank reconciliation, and voucher adjustments. The module provides easy-to-read reports such as daily books, bank and cash books, debit and credit note statements, and user-defined reports, with options to export data to Tally ERP. It also includes ageing reports for receivables and payables, detailed trial balance formats, balance sheets, and profit & loss statements giving businesses complete control and visibility over their financial health.

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Manufacturing Challenges: 

• Managing multi-step production processes and outsourced job work
  
• Dealing with stock mismatches and finding it hard to track raw materials
  
• Managing stock in multiple warehouses can be confusing and time-consuming
  
• Not having real-time updates on costs and inventory levels
  
• Doing many tasks manually, which can lead to mistakes and delays
  
• Having a hard time creating GST invoices and filing tax returns correctly and on time

How SkyERP GST Plus Solves These Challenges:

1. Complete Inventory & Stock Management

SkyERP GST Plus lets manufacturers track inventory across multiple warehouses, manage raw materials, semi-finished and finished goods in real-time. It also supports Batch-wise tracking, Minimum/maximum stock alerts, FIFO/LIFO stock valuation, Material movement tracking between departments,etc.

2. Production & Job Work Management

Create and manage Bill of Materials (BOM), work orders, and job work entries to track outsourced or in-house processes. This leads to better production planning and visibility of each manufacturing stage.

3. GST-Compliant Billing & Purchase Management

Generate fully compliant GST invoices for finished goods, with automatic tax calculations, eWay bills, and HSN code mapping. Easily record purchase orders, goods receipts, and vendor bills.

4. Integrated Financial Accounting

Every inventory and sales transaction gets auto-posted to the accounts. SkyERP GST Plus supports Real-time ledger updates, Auto bank reconciliation, Trial Balance, Balance Sheet, and P&L reports,etc.

5. Reports management

Access visual dashboards for stock status, production output, sales performance, and financial summaries. Manufacturers can make informed decisions quickly.

6. User Access & Multi-Location Control

Role-based access ensures each department (procurement, production, sales, finance) sees only what they need. Multi-location support helps manage distributed warehouses and units.

SkyERP GST Plus solves all problems faced by manufacturers by offering real-time inventory tracking, automatic GST billing, and built-in accounting, so there’s no need for separate software. It helps manufacturers keep a close eye on production costs, manage multiple steps in the manufacturing process, and make better business decisions using clear dashboards and reports. 

With features like user-based access and support for multiple locations, the system is both secure and flexible. By automating daily tasks, SkyERP GST Plus saves time, reduces mistakes, and helps businesses stay compliant making it a smart choice for any manufacturing company that wants to grow and work more efficiently.

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From tracking material issued to vendors to billing and reporting, managing jobwork manually or using fragmented systems leads to inefficiencies, delays and loss of accountability.

To stay competitive and scalable, metal fabrication businesses are now turning to digital solutions like SkyERP GST Plus, which bring structure, automation and transparency to jobwork operations.

The Real Challenge in Jobwork for Metal Fabrication

• Poor tracking of materials sent to jobworkers
• Delayed or inaccurate billing cycles
• Lack of visibility into pending or completed jobwork
• Difficulty in process-wise consumption tracking
• Mismatch in Purchase Order (PO) vs actual issues or receipts

These issues directly impact production timelines, customer commitments and ultimately – profitability.

Manage Jobwork the better way with SkyERP GST Plus

SkyERP GST Plus is tailor-made for industries like metal fabrication, where jobwork is not just a support activity, but an integral part of the production business.

 Here’s how its advanced modules address industry pain points:

1. BILL OF MATERIAL (BOM) FOR JOBWORK

Create detailed BOM’s for outsourced processes to ensure jobworkers receive precise material quantities. This minimizes wastage and ensures uniformity in outputs.

2. INVENTORY MANAGEMENT (Customer-wise)

Track inward and outward movement of materials customer-wise to maintain absolute clarity over who owns what and how much. This is critical in cases where clients supply their own raw materials.

3. JOBWORK BILLING (Monthly Periodical) with E-Invoice

Avoid billing delays with automated monthly or periodical jobwork invoices, fully complaint with GST norms and integrated with e-invoicing features.

4. INTELLIGENT REPORTS THAT DRIVE ACTION

Gain access to real-time jobwork reports that help with decision making:

• Bill of Material Consumption
• Jobwork – Process wise status
• Jobwork – Pending Overview
• Jobwork – Stock Ledger
• Work Order Register
• Dispatch Challan Register
• Jobwork Invoice Register

These reports provide operational clarity and highlight bottlenecks before they become critical issues.

COMPARE PURCHASE ORDERS WITH GROUND REALITY

• Purchase order vs issue: Know what was promised vs what was issued to vendors.
• Purchase Order vs Receipt: Monitor actual receipt of finished goods and raw material.
• Schedule vs Receipt: Stay ahead of delivery commitments and production schedules.

These features ensure vendor accountability and protect your business from potential losses.

Why SkyERP GST PLUS matters to Indian Manufacturers?

India’s steel consumption is expected to touch 160 million tonnes by 2030, with fabricated components playing a central role in sectors like infrastructure, automotive, and industrial machinery. As demand rises, precision, traceability, and speed will define competitive advantage.

CONCLUSION:

If you are still relying on spreadsheets, manual registers, or generic software to manage job work, you’re losing more than time – you’re risking errors, losses, and missed opportunities.

By integrating every step of the jobwork cycle from raw material issuance to invoicing and final reporting – SkyERP GST PLUS doesn’t just simplify operations, it empowers metal fabricators to make data-driven decisions, reduce turnaround time, and build stronger vendor relationships. In an industry where every delay costs money, having an intelligent, purpose- built ERP system can be the difference between just surviving and truly thriving.

With SkyERP GST PLUS, the future of jobwork management in the metal fabrication industry is here.

Request a demo of SkyERP GST PLUS today!

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Let’s understand what a purchase order is, what it must include, and how SkyERP GST Plus, a rm powerful purchase order management software, can transform your purchasing power.

What is a Purchase Order?

A purchase order (PO) is a formal document created by a buyer and sent to a supplier to request goods or services. It outlines the details of the purchase, including quantities, specifications, prices and delivery dates.

Once accepted by the supplier, the purchase order becomes a legally binding contract. The PO serves as a vital communication and tracking tool between buyers and vendors, ensuring clarity and accountability throughout the procurement process.

What are the requirements of a Purchase Order?

An effective purchase order should include the following key elements:

• PO Number: A unique identification number for tracking
• Buyer & Vendor Details: Company name, address, and contact information
• Order Date: When the PO was issued
• Item Description: Clear details of goods/services ordered
• Quantity & Unit Price: The number of items and their cost per unit
• Total Amount: Including taxes, discounts and any additional charges
• Delivery Schedule: Expected delivery date and location
• Terms & Conditions: Payment terms, return policies etc

Failing to include any of these components can lead to confusion, delays, or financial discrepancies.

How SkyERP GST Plus automates the Purchase Order Process?

SkyERP GST Plus simplifies and automates the entire purchase order cycle, from creation to approval to goods receipt. As an advanced purchase order management software, it eliminates the inefficiencies and risks associated with manual PO handling.

Here’s how it helps:

Auto generates Purchase Orders

Generates PO’s directly from approved requisitions or material planning data, reducing manual entry and chances of human error.

Purchase Invoice Management

Automatically generate GST-compliant purchase invoices linked to your purchase order. The system ensures accurate tax calculations, item-wise breakdowns, and seamless accounting –

Debit/Credit Note for Rate Difference

In cases where there is a post invoice price adjustment, SkyERP GST Plus simplifies issuing debit or credit notes for rate differences. This ensures both financial accuracy and compliance with GST reporting.

Purchase from Unregistered Dealers

When purchasing from unregistered dealers, the system flags URD transactions separately, applies reverse charge mechanisms (if applicable), and ensures compliance with GST rules. It automates GST calculations and makes sure you stay audit-ready.

URD Purchase Return

If goods procured from unregistered dealers need to be returned, SkyERP GST Plus handles the reversal efficiently. The system maintains a separate ledger and tax treatment for URD purchase returns, aligning with compliance standards.

URD Debit/Credit Note – Rate difference

Manage rate differences for URD transactions with automated debit or credit notes. The software applies the correct accounting formula, tracks the change and ensures reverse charge entries are updated accordingly.

Input Service Entries

Record & manage services received (e.g., consultancy, maintenance) with full GST input credit capabilities. SkyERP classifies these under Input Services, ensuring appropriate ITC (Input Tax Credit) treatment and easy conciliation during GST filing.

Input Service Debit/Credit Notes

Handle rate corrections or service disputes by issuing debit/credit notes for input service, all while maintaining GST compliance and service vendor accountability.

Input Service Return

If any service is cancelled or returned, SkyERP GST Plus processes the reversal efficiently, updating tax credits and vendor ledgers in real time.

With all these modules working together, SkyERP GST Plus becomes a truly integrated and intelligent purchase order management software, tailored to modern businesses dealing with both registered and unregistered vendors.

Conclusion:

Manual purchase order systems are not just outdated – they’re risky and inefficient. With growing business complexity, automation is no longer a luxury but a necessity. Invest in a robust purchase order management software like SkyERP GST Plus can save time, reduce costs, and improve vendor relationships.

Make the switch today and let your purchase orders work for you, not against you.

The post Are Manual Purchase Orders Holding Your Business Back? Here’s the Fix appeared first on Everex Infotech.

With the prospects that GST features would increase the GDP by a couple of percentages, the reform in its entirety might come with a mixed bag of shocks for the common man.

Talking about its long-term impact, GST API should show a positive impact on most sectors. Based on the GST service providers implementation experience derived from other nations, India might experience an inflationary impact especially during the transition stage, which is expected to weaken with the rollout of measures such as anti-profiteering.

Yes, with the inclusion of anti-profiteering along with other counteractive measures, GST software should lead to reduced cost for most of the supplies to the end-users in the long-run.

Here’s a quick look at what the GST could imply for the common man:

Services that are expected to become expensive include:

� Mobile phone bills

� Premiums for life insurance plans

� Investment management also banking services

� Online ticket booking services

� Basic luxuries such as DTH services

Prices of the following essential services are also likely to go up:

� Healthcare

� Residential rentals

� School and educational fees

� Rail/metro commute

� Courier services

Services that might see a price decrease in most of the states are as follows:

� As the GST council has decided to include entertainment taxes in GST, movie tickets might turn cheaper in most of the states across the country.

� Eating out in restaurants/hotels may turn pocket-friendly in several states.

Vehicles and certain essential goods to witness price drop:

Under the GST tax system and the current supply chain ecosystem, the following might get cheaper:

� Two wheelers

� Luxury and SUV or premium cars

� Entry level sedans excluding small cars

Minimal impact:

Basis of the current supply chain landscape and other associated indirect taxes, the common man can expect marginal impact on white goods such as:

� Stoves

� Washing machines

� Televisions

� Shampoos

� Toothpastes

� Soaps

Prices of sin goods and aerated drinks to go higher:

The government with its determined outlook towards injurious/sin goods, intended a high tax rates on �sin goods� that include cigarettes, aerated drinks and tobacco products. With a higher tax rate of around 40%, these goods may witness steep rise in their prices.

Here�s the four-tier GST tax rates

Positive impact lurking around the corner, expected in long-term!

Whilst the afore-mentioned forecasts are based on the statements/data released by government officials and authorities, it would be good to wait for the final verdict on the fitment that the GST council and government will release for a wide range of supplies and services. Nevertheless, with the enablement of anti-profiteering and other counteractive measures, GST is expected to check costs for most.

The post Implications for Goods and Services Tax appeared first on Everex Infotech.