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“GINESYS is the Backbone of V-Mart”, claims Mr. Lalit Agarwal, MD V-Mart

Jul30
2010
Leave a Comment Written by Akhilesh

Mr.Lalit Agarwal, MD of V-Mart Retail Ltd.

Mr Lalit Agarwal, the MD of V-Mart Retail Ltd. believes that GINESYS is the best solution provider when it comes to organized Retail Industry. He feels that GINESYS has been the significantly helpful in making the growth possible for their retail business, providing end-to-end solutions right from the scratch level. Today V-Mart has stretched across length and breadth of the country with 52 stores running successfully with efficient networking that is made possible by GINESYS.

Mr. Agarwal further explains why he chose GINESYS to be the solution provider for his retail business; “GINESYS fulfills the entire business requirements at my fingertips: right from sourcing requirements, making payments to vendors, understanding of the requirements in supply chain, maintaining the customer database, and last but not the least managing the accounts by using the complete ERP Solution.”He has highly appreciated the facility that GINESYS provides of seeing balance sheet (on profit and loss accounts) on regular basis, stock management in all the Inventories of all the stores on daily and hourly basis as well, and viewing all the sales record happening in the stores on daily basis. The easy and ready availability of reports that confirms a very effective MIS system has made GINESYS the most favorite Retail Supply Chain Solutions amongst the growing retailers in the contemporary India.

According to Mr. Agarwal, a good software can make the business much more profitable and healthier with a disciplined growth, and that includes managing capabilities of the software, upgrading of the software as per the needs of the hour, and the software assistance that is available 24×7. In regard to GINESYS customer services, helpline and technical support Mr. Agarwal says, “It is unique in itself. A team of extremely professional people who render services at any point of time just like helping hands from home. Their service level is equivalent to your own software development team that you had to otherwise keep.” Mr. Agarwal hails GINESYS for the success of his business by proudly stating, “It was successful only when we tied GINESYS to our business”.

Posted in News - Tagged GINESYS, Lalit Agarwal, V-Mart

Still both VAT and Service tax applicable on software license

Feb24
2009
Leave a Comment Written by Prashant Lohia

The problem of dual applicability of VAT and Service Tax on service is not taken care in the recent interim budget 2009. Currently both Service tax and vat is applicable on software licenses and shall continue furthur.

Actually w.e.f. F.Y. 2008-09 service tax is made applicable on the customized software including the license part of the customized software.Additionally VAT/CST is also applicable on the license part of the customized software. So there is a dual tax in the form of VAT/CST and Service Tax on the license part of the customized software. All Companies including Oracle,microsoft etc are charging both VAT and Service tax on the license part of their software.

“Information Technology Software” Services are brought into Service Tax net with effect from 16 May 2008.  The taxable service definition covers service provided to any person, by any other person in relation to information technology software for use in the course, or furtherance, of business or commerce, including

1.           Development of information technology software, study, analysis, design and programming of information technology software;

 2.           Acquiring the right to use information technology software for commercial exploitation including right to reproduce, distribute and sell information technology software;

 3.           Acquiring the right to use information technology software supplied electronically;

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