Every business has its way of running it and it’s very important how you manage, especially if you talk about the transportation business, you have to manage everything like your transport vehicle has reached on time or not, your transport vehicle is supplying properly or not, and many more.
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Fleet management involves utilizing and managing fleet and asset information in the transportation operation. From the acquisition of fleet to its disposal, efficient fleet management optimizes productivity, reduces costs, and ensures compliance in the entire system. With the use of fleet management software, it becomes easy to track and manage vehicle maintenance, control the inflow and outbound movement of goods, expenses, and operations to maximize efficiency.
A fleet management software gives the fleet manager better visibility with special features like GPS tracking, FASTAG management, fuel issue system, safety, upcoming vehicle maintenance, and more. It helps managers to optimize every aspect of their fleet.
A fleet management software with cloud computing features offers faster innovation and flexible resources to lower operating and infrastructural costs.
The use of Transportation ERP software offers various solutions and advantages and can prove to be highly beneficial for your business. The right customized Transportation ERP software helps to significantly improve freight management. Automation, or automatic control when equipped in various operating systems, reduces human intervention. Hence the chances of error are minimal, thus improving quality, accuracy, and precision, which gives a better output in the service management.
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The CBIC (Central Board of Indirect Taxes and Customs) has issued a notification that e-Invoicing is to be mandatorily accepted by all companies or suppliers with a turnover exceeding Rs 500 crore. Before the limit for preparing e-Invoice was 100 Crores. This new change in a system or law is the gateway for the digitization of business processes in India. The provisions will come into effect from 1st October 2020.
Continue reading “GST e-Invoicing if Turnover is more than Rs. 500 Crore”