About Ganak

One Application For All Sector Needs

Ganak India

ABOUT GANAK INDIA

Ganak India deliver innovative technological IT solutions for all types of manufacturing industries, retail industry, education, travel and transportation industry, banking and financial industry etc. Ganak India as the pioneers in the modern information technology to unfold the diversified disproportionate advantages of the Software Solutions to provide superior cutting edge innovative solutions for the globally acquainted organizations. Ganak India provides the best in the all segment of business process solutions which starts from the procuring of innovative expertise professionals and strategically forming a recognized development team for exercising and delivering the utmost satisfactory technological solutions to its customers.

WHY CHOOSE GANAK

24/7 Online Service and Support.
User Friendly and Easy to Use.
Modern cutting edged Technology.
Fully Window based, Multiuser, Multitasking, GST Compliance ERP software.
100% customization capabilities according to the customer's requirement.
Flexibility of maintaining multiple company in a single accounting year.
Report export facilities to MS Word, MS Excel, PDF, Images etc.
Running cost and maintenance cost are very low comparing to other software.
Flexibility of UOM management system. No need to fix a particular unit in item master.
Automatic data backup facilities.
Custom Report Designing.
Admin Panel for specific setting of each module.
Comprehensive Features & Security Reliability.
Data restore facilities.
Data upload facilities in Web Server.

Features of GANAK

Generation of Invoice as per GST Guidelines and Invoice Format.
User wise authentications of Additions, Modifications, Deletion, Retrieving and Viewing of data.
Menus can be altered/replaced/added throughout the modules according to the users requirements.
Complete stock status report like Untetsted / Under Tested / Approved/ Rejected/ Expired/ Retested / Sale-purchase return / Line return / Adjusted stock.
Multiple query and reports are instantly available in each entry Module.
Facility for creating Third party, Loan License and Job work companies in a single accounting year.
More Than 200 Installations in Manufacturing Units.
Multi-Company, Multi-Location Maintenance.

AboutGST

"Goods and Services Tax (GST)"

OVERVIEW OF GST

A single common "Goods and Services Tax (GST)" was proposed and given a go-ahead in 1999 during a meeting between then Prime Minister Atal Bihari Vajpayee and his economic advisory panel, which included three former RBI governors IG Patel, Bimal Jalan and C Rangarajan. Vajpayee set up a committee headed by the finance minister of West Bengal, Asim Dasgupta to design a GST model. The Goods and Services Tax was launched at midnight on 30 June 2017 by the President of India “Pranab Mukherjee” and Prime Minister of India, Narendra Modi. The launch was marked by a historic midnight (30 June – 1 July). Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1ST July 2017 and was applicable throughout India which replaced multiple cascading taxes levied by the central and state governments and which will make India one unified common market. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. The Goods and Services Tax (GST) will be levied at multiple rates ranging from 0 per cent to 28 per cent. GST Council finalised a four-tier GST tax structure of 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess. It was introduced as The Constitution (One Hundred and First Amendment) Act 2017, following the passage of Constitution 122nd Amendment Bill. The GST is governed by a GST Council and its Chairman is the Finance Minister of India.

Benefits of GST for Business and Industry

Easy compliance: A robust and comprehensive IT system would be the foundation of the GST regime in India. Therefore, all tax payer services such as registrations, returns, payments, etc. would be available to the taxpayers online, which would make compliance easy and transparent.
Uniformity of tax rates and structures: GST will ensure that indirect tax rates and structures are common across the country, thereby increasing certainty and ease of doing business. In other words, GST would make doing business in the country tax neutral, irrespective of the choice of place of doing business.
Removal of cascading: A system of seamless tax-credits throughout the value-chain, and across boundaries of States, would ensure that there is minimal cascading of taxes. This would reduce hidden costs of doing business.
Improved competitiveness: Reduction in transaction costs of doing business would eventually lead to an improved competitiveness for the trade and industry.
Gain to manufacturers and exporters: The subsuming of major Central and State taxes in GST, complete and comprehensive set-off of input goods and services and phasing out of Central Sales Tax (CST) would reduce the cost of locally manufactured goods and services. This will increase the competitiveness of Indian goods and services in the international market and give boost to Indian exports. The uniformity in tax rates and procedures across the country will also go a long way in reducing the compliance cost.

Benefits of GST for Consumer

Single and transparent tax proportionate to the value of goods and services: Due to multiple indirect taxes being levied by the Centre and State, with incomplete or no input tax credits available at progressive stages of value addition, the cost of most goods and services in the country today are laden with many hidden taxes. Under GST, there would be only one tax from the manufacturer to the consumer, leading to transparency of taxes paid to the final consumer.
Relief in overall tax burden: Because of efficiency gains and prevention of leakages, the overall tax burden on most commodities will come down, which will benefit consumers.

Benefits of GST for Central and State Governments

Simple and easy to administer: Multiple indirect taxes at the Central and State levels are being replaced by GST. Backed with a robust end-to-end IT system, GST would be simpler and easier to administer than all other indirect taxes of the Centre and State levied so far.
Better controls on leakage: GST will result in better tax compliance due to a robust IT infrastructure. Due to the seamless transfer of input tax credit from one stage to another in the chain of value addition, there is an in-built mechanism in the design of GST that would incentivize tax compliance by traders.
Higher revenue efficiency: GST is expected to decrease the cost of collection of tax revenues of the Government, and will therefore, lead to higher revenue efficiency.

ganak module

Account & Finance

Features of Account and Finance Module

Creation of Account Ledger Master
and Group Master
All Types of Voucher Like
Credit, Debit, Journal etc.
Balance Sheet and Monthly
Expanse Chart
Uncleared, Bounced and Lost Cheques
Reports Export to MS-Excel, PDF
Enhanced Value Added Securities
Support Multi-Groups, Multi-Business Units, Multiple Accounting Books and Multiple Accounting Policies
Auto Trial Balance
Auto Profit & Loss
Bank Reconciliation