Latest Trends in GST- 2024

Latest Updates in GST- 2024

As we step into 2024, several new trends in GST are emerging that promise to further enhance the ease of doing business in India. Let’s dive into this trend and how they can benefit the business, with a particular focus on the integration of Quarto ERP, an advanced enterprise resource planning system.

 

Key Trends in 2024

  • The Launch of New E-way Bill Portal.

E-invoicing and E-way Bill Integration: The launch of the new E-way Bill portal in GST marks a significant advancement for businesses involved in interstate transportation of goods. This updated portal promises enhanced efficiency and ease of use, aiming to simplify the generation, management, and tracking of E-way Bills.

With the mandatory implementation of e-invoicing and e-way bills for specified businesses, Quarto ERP facilitates seamless integration with these systems. It generates e-invoices compliant with GST guidelines, incorporates unique invoice reference numbers (IRNs), and helps businesses generate e-way bills for inter-state movement of goods. This integration enhances visibility and compliance across the supply chain, contributing to smoother logistics operations.

Also read :- Navigating the waves of GST

  • A mobile app for producing e-way bills has been improved for both Android and iOS devices.

The GST portal mobile app has made it easier for businesses to file returns, track payments, and manage compliance on the go. Here comes the advantage of using Quarto ERP Mobile app. Quarto mobile app allows business owners to handle their operations from anywhere. Whether tracking invoices, then managing inventory, or monitoring transactions.

For more information read :- Custom Mobile ERP solutions 

  • Taxpayers can now check their physical verification status through the ‘Track Application Status’.

This capability allows businesses to monitor tax documentation progress in real-time, ensuring compliance and reducing uncertainties. By simplifying regulatory adherence, businesses can allocate resources more effectively, fostering transparency and supporting growth in the business environment. 

One of the key features of Quarto ERP is its ability to automate GST computations across various transactions. Furthermore, regardless of whether it’s sales invoices, purchase orders, or inter-state transfers, the ERP system calculates GST liabilities accurately based on the applicable tax rates and rules.

Read the full blog about how GST works in Quarto ERP:-  Seamless transition to GST with Quarto.

  • The GST government has recently included Dhanlaxmi Bank as a new option for processing GST payments on the official GST portal.

Enhancing payment options, the GST government added Dhanlaxmi Bank to its portal, providing taxpayers increased flexibility. This inclusion aims to streamline the process of GST payments, making it more convenient for businesses and individuals alike.

Quarto ERP’s financial module is a robust tool designed to streamline business financial operations. It offers features such as accounts payable, accounts receivable, general ledger, and financial reporting, all integrated into a single platform. Essentially, this module automates tasks, ensures compliance, and Quarto ERP provides GST-specific reporting.

In 2024, enhanced e-invoicing, simplified e-way bills, and mobile apps will revolutionize India’s GST landscape and business operations.

Quarto leads this transformation by providing an integrated solution for GST compliance and improved operational efficiency. Integrating e-invoicing, e-way bill management, and a robust mobile app, Quarto ERP has empowered businesses since 2004.

For more information on how Quarto ERP can help your business stay ahead of the curve, visit Quarto ERP.

How to select ERP systems for your Restaurant Business?

How to select ERP for your restaurant

Imagine you own a popular restaurant , and you found yourself increasingly frustrated with the inefficiencies in your restaurant operations. Inventory discrepancies, mismanaged orders, and financial tracking errors were becoming common. Choosing the right ERP systems for your restaurant can significantly streamline operations, enhance productivity, and boost profitability. Get ready to elevate your business with the best ERP systems for restaurants. To assist several owners like you, here are 5 essential tips for selecting the best ERP system for your restaurant business, with insights of how Quarto ERP can meet these needs.

Identify your specific needs

Before diving into the countless ERP options, clearly outline your restaurant’s unique requirements. Consider factors like inventory management, order processing , customer relationship management (CRM) and financial tracking. For instance Quarto ERP offers comprehensive modules that cover everything from procurement to Sales and HRM, tailored to specific needs of the restaurants.

Evaluate ease of use and integration

 

An ERP system should be user friendly and integrates seamlessly with your existing systems. Quarto ERP excels in this area with its intuitive interface and robust integration capabilities, ensuring smooth operations across different departments. Its compatibility with various devices and platforms allows your teams to access critical data anytime, anywhere.

Also read:- Custom Mobile ERP Solutions

Consider Customization & scalability

 

As your restaurant grows, your ERP system should adapt to new challenges.
Look for an ERP that offers high customization and scalability. Quarto ERP stands out with its ability to handle large volumes of data efficiently and its flexible customization options, ensuring it can grow alongside your business while keeping costs manageable.

Also Read : ERP Trends in 2024

Prioritize Security and Compliance

 

Data security is crucial in today’s digital landscape. Ensuring that the ERP system you choose has strong security measures in place. Quarto ERP incorporates advanced security protocols to protect your sensitive business information from corruption, compromise, or loss, allowing you to focus on running your restaurant without worrying about data breaches.

Also Read:- Data Security in ERP

Assess Vendor support and Training

 

Reliable support and training are essential for a smooth ERP implementation. Quarto ERP offers robust 24 hours support services, including detailed training modules to help your team quickly get up to speed with the new system. This support ensures that you can fully leverage the ERP’s capabilities to optimize your restaurant operations.

One of the essential steps before selecting an ERP system , is to request for a Demo. Attending demos can help you meet your unique requirements and challenges.

To attend an online free demo with Quarto, simply fill out this basic data sheet and add your company information. Choose a convenient time and request a demo. Our staff will call you and deliver a customized demo for your company. So don’t pass up this opportunity to have a free online demo with us.

In conclusion, selecting the right ERP system can transform your restaurant operations, making them more efficient and profitable. Now, best ERP systems for restaurants. By focusing on your specific needs, ensuring ease of use and integration, prioritizing security, and choosing a vendor with strong support, you can find an ERP system that will help your restaurant thrive. Also, check out our testimonials to see what our clientele have to say about us.