Udyog Software (I) Ltd

Inefficiencies associated with manual processes are well known today, and when they apply to taxation, there are wider ramifications in terms of penalties and litigations and an overall impact on the brand value of the company.

iTAX-EXIM software provide pre & post shipment document, LC Tracking for Import & Export, LC Submission of documents to bank, Submission Document to bank after import & export.

As per Central Excise Act, activities like Repacking, Re-labelling, Putting or Altering retail sale price, etc. are treated as ‘manufacture’ for such companies which are involved in these activities, they are required to take excise registration.

In the present Budget, the optional scheme for payment of excise duty on readymade garments & textile made ups (which bear brand name or sold under a brand name) has been withdrawn & an excise duty @ 10% has been imposed on such goods.

Udyog Software India Ltd, a pioneer in the field of indirect taxation is providing software solutions, SEZ and EOU, to serve the needs for of businesses operating in special economic zones (SEZs) and export-oriented units (EOU).

Goods & Service tax (GST) is the most talked about topic in the field of indirect taxation today in India. Everybody is keenly waiting for the proposed GST draft which will replace the existing system of VAT in India.

Currently, the ACES Application allows on-line filing of Monthly return ER-1 & FORM II by using the excel utility. assesses find the process of manual entry of data in the excel format of Returns as a time consuming and unavoidable exercise.

SAP XML reports are generated through the SAP-ABAP Transaction Code. The functionality of the report is to fetch data from the database & display the output in a report format. All SAP reports are in ALV (ABAP LIST VIEWER) format.

In today’s Indian Business environment every corporate companies spending lot of time for submission of Returns (Direct & Indirect tax related). Even though they spend lot of money on ERP they are not getting statutory returns on finger tips.

The Service Tax was introduced about a decade ago with a beginning of 3 services.Today around 200+ & many more services are likely to be brought under the Service Tax net in the years to come, as the service sector contributes over 50% of the GDP.