How does this works?

"VTECPRO I-GEN" is very much helpful in generating sales invoices and purchase invoices.

VTECPRO I-GEN is also a readymade tool to create inventory, ledgers, sales and purchases in your existing tally software.

 

How to use in tally?

This is so simple. Go to Auditor page, enter your auditor's code and press VIEW button. Then you will get the companies list under that code. Now click on the desired company name to get the list of TALLY files [INVENTORY, LEDGERS, SALES, PURCHASE etc. ]. After downloading these files into your TALLY application folder follow the import procedures in your TALLY application.

What is GST?

Goods & Services Tax is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.

 

Sale within the state = CGST + SGST

Sale to another State = IGST

 

To understand this, we need to understand the concepts under this definition. Let us start with the term ‘Multi-stage’. Now, there are multiple steps an item goes through from manufacture or production to the final sale. Buying of raw materials is the first stage. The second stage is production or manufacture. Then, there is the warehousing of materials. Next, comes the sale of the product to the retailer. And in the final stage, the retailer sells you – the end consumer – the product, completing its life cycle.

Goods and Services Tax will be levied on each of these stages, which makes it a multi-stage tax. How? We will see that shortly, but before that, let us talk about ‘Value Addition’.

Let us assume that a manufacturer wants to make a shirt. For this he must buy yarn. This gets turned into a shirt after manufacture. So, the value of the yarn is increased when it gets woven into a shirt. Then, the manufacturer sells it to the warehousing agent who attaches labels and tags to each shirt. That is another addition of value after which the warehouse sells it to the retailer who packages each shirt separately and invests in marketing of the shirt thus increasing its value.

GST will be levied on these value additions – the monetary worth added at each stage to achieve the final sale to the end customer.

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How to work with Sales invoice?

  1. Goto invoices
  2. Add your company details if previously not done.
  3. Go to customers add your customers details. ignore if already entered in this.
  4. Open sales page.
  5. Generate sales invoice.
  6. After creating the invoice add desired items to it.
  7. now your sales invoice is ready to print.

How to work with Purchase invoice?

  1. Goto invoices
  2. Add your company details if previously not done.
  3. Go to suppliers page add your suppliers details. ignore if already entered in this.
  4. Open Purchase page.
  5. Generate Purchase invoice.
  6. After creating the invoice add desired items to it.
  7. Now your Purchase invoice is ready to reflect in the stock report.