TYASuite - Cloud ERP Solutions

  There is worldwide shift in organizations progressing from traditional solutions to cloud-based automation. Covid-19 Pandemic has accelerated the adoption where even SMEs are looking for Cloud ERPs. India has emerged as SaaS Hub and able to compete with Silicon Valley in SaaS innovation. The one organization helping numerous SMEs extend their impression is TYASuite Software Solutions Private Limited. The company was established by Vikas Mandawewala and Praveen Dokania in 2018. TYASuite Plug & Play ERP Software is equipped with modest technology to the real-time business problems across industries. Vikas Mandawewala is a veteran finance expert. TYA Group had an unassuming start – beginning as a financial and accounting firm in 2013, alongside one representative. With time TYA Group has developed consistently, diversifying its extent of services and wandering into the IT domain, arriving at more than 150 staffs and operations over many big cities and communities. Introducing the Co

  As businesses have now shifted to remote work, the requirement for centralized vendor data turned out to be an important factor. Data living in somebody's mind, a file folder, on an email or even excel spreadsheet, was tough to access and share. In an emergency, certain bits of data become essential and most of it was lost during the retrieval process. To manage the data properly,   vendor management software   is essential for businesses. In the previous decade, the attention on vendor risk has expanded colossally. Most big businesses have broad projects to survey the sorts of data managed by or accessed by vendors because of GDPR and other data security rules, and makes sure to have this data readily at hand. A few businesses include operational and administrative compliance requirements, and most associations are effectively dealing with their vendor contracts. What vendor data do you want? You ought to effectively have the option to put your hands on these components for the

  Inventory management is a decent practice for any organization. If you are not watching out for your inventory or checking stock consistently, you are setting yourself up for significant inventory errors and difficulties. Proper inventory management truly can make or break your business! Let’s take a look at the top 10 reasons to digitize your inventory management system: 1. More Precise Ordering This may appear glaringly evident but its significance couldn't be overstated. The items you purchase and put on the rack is probably the greatest investment that you make in your business. How might you know what to order and keep on your racks if you don't have the foggiest idea what you hold? Regardless of whether you are physically making orders, utilizing our recommended ordering, or a blend of the two, you have to recognize what you have so you will know what you want. 2. Customer Service Ever approach a store agent for your preferred item and watch them bungle around, running

  [Payment of certain amounts by an e-commerce operator to an e-commerce participant]. Finance Act 2020 introduced a new section in the form of  Section 194O  to the Income Tax Act 1961 related to collection of tax by E-Commerce Operator. The below changes have taken  effect from October 01, 2020. We have summarized the provisions of section 194O in an easy to understand language as below: 1) An e-commerce operator (i.e. E-Marketplace) must deduct TCS @ 1%  (0.75% for FY 20-21)  at the time of credit of amount of sale of goods or services or both to the account of an e-commerce participant (i.e. Seller on e-Commerce Platform) or at the time of payment thereof to such e-commerce participant. 2) TCS shall be calculated on gross payment amount. This means if any charges are deducted by E-Commerce operator, that shall not be reduced for TCS calculation. 3) TCS is also applicable and shall be deducted even if the Seller has directly delivered the goods/services and/ or received the payment

  TCS i.e. Tax Collection at Source has been there in Income Tax Acts for Decades. However, the government is trying to increase the scope of TCS gradually to plug the revenue leakage. Through Finance Act 2020, Section 206C was amended to include certain items on which TCS becomes applicable effective October 01, 2020. In this analysis, we are not discussing the TCS provisions which existed before the current amendment. We will be only focussing on New TCS Provisions effective October 01, 2020. Sub-sections (1G), (1H), (1-I) and (1J) were inserted in Section 206C of the Income Tax Act w.e.f. 1-10-2020. We have summarized all changes and its clarifications at one place as below: S.No Details TCS Percentage TCS Percentage for FY 2020-21 1 TCS on remittance out of India other than Tour Package.  TCS on remittance out of India under the Liberalised Remittance Scheme of the Reserve Bank of India for other than Tour package purchase 5% on payment more than Rs. 7 lakhs 3.75% 2 TCS on remittan

  Searching for the correct manufacturing software for your SME is essential to productivity and success for a lot of reasons. It can help you boost your supply chain by providing automation, visibility, digital transformation and control and, helping you effectively scale your business and advance your existing systems without a huge spend. Undoubtedly, your business could profit from an enterprise resource planning or ERP software. Top ERPs for SME list can help you evaluate the right software for you. It can help you simplifies numerous features of your organization in a single platform. Below are the software’s or modules which can streamline your process: Manufacturing ERP Software Inventory Management Software Procurement Software Supplier Management Software Accounting Software Sales Management software Asset Management Software We understand that ERPs are wonder-workers. But if yours resembles numerous SMEs, you most likely dread exploring and executing innovation. With numerou