Solved! Major Queries Related to Payroll Software for HR Management

Payroll is the most required management software by the corporate offices and large business houses for the overall maintenance of employees and their designated profiles. The payroll software also helps in generating salaries and arrears for the employees along with the attendance and other statutory compliance required by the government for the companies. Here we will go through all the general and frequently asked questions on payroll software and understand the basic issues under the payroll management.

Q.1 – What is the meaning of payroll software?

Payroll is a part of Human Resource Management system which refers to the list of total employees and total wages paid to them. It also includes the calculation of salary after the addition of bonuses & incentives and subtraction of various deductions such as TDS & various other taxes, etc. These days many Payroll softwares have emerged out that automates the work of HR manager, Gen Payroll software for employees management is one of the leading software that comes with exquisite features.

Q.2 – Who are payroll services providers?

Payroll Services Providers are companies which caters payroll services or to whom payroll responsibilities of an organisation can be outsourced. These are outsiders specialized in payroll service and manages payroll of another company.

Q.3 – Is there any payroll software which is available for free trial?

Trial version of Gen Payroll is available for free download. However, it’s all exclusive benefits can be enjoyed after paying a nominal fee. Gen payroll is available in online as well as offline version of PC & desktop. The demo version remains active for 10 hours time frame.

Q.4 – What are the benefits of payroll?

Payroll auto reads the attendance of employees followed by the auto-calculation of their salaries. It also keeps annual reports and payslips stored in readily accessible yet confidential manner.

Q.5 – Why payroll softwares are gaining popularity these days?

Big or small, employees are one of the best resources of any organisation who craftly use other resources to yield maximum benefits and so is the management of Human resources holds utter importance. Human resource management includes upkeeping of employees’ databases, providing them proper incentives, maintaining their leave records and so on. Manual execution of these tasks is quite arduous and prone to the risk of inaccuracy and mismanagement. However, the invention of HR management or HR payroll software for the management of employees has solved the issue as it effectively & efficiently manages the Human Resources.

Q.6 – Which features determines an ideal and innovative payroll software?

An innovative and ideal payroll software should have the following features:

  • Daily attendance records
  • Few clicks salary calculation
  • Statutory compliances
  • Update leave records
  • Online and offline versions
  • Easy calculation of TDS & reimbursements

Q.7 – How do payroll calculates gross salary of an employee?

Payroll calculates gross salary of an employee by multiplying the total number of hours worked in a pay period with the hourly wage rate.

Q.8 – How can we find the best payroll for our company?

The best payroll for a company can be determined by properly weighing its pros & cons and taking a demo. Smart way to choose the most appropriate software is to download the free trial of some leading payroll software and see which one greece the wheels for you.

Q.9 – Why a company should use payroll software?

Success of an organisation depends on its employees. Improper management of employees, their database and salaries lead to stress and demotivation for them which further results in inefficiency. This not only hamper the growth of an organisation but also divert Human Resource Managers and other supervisors from focusing on their core business activity. Whereas, a duly chosen Payroll software automates the work of HR managers and let their skills be invested in other activities such as formation of new employees policies, handling their queries & grievances, conducting activities for employees, etc which acts as motivational tools for employees.

Q.10 – Which is the easiest software to use?

Gen Payroll is the easiest payroll software which is highly recommendable for small businesses as it includes complete HR & Payroll management along with tax support. Gen Payroll, invented by SAG Infotech, is also one of the customer-friendly and low cost payroll software. SAG Infotech provides all day long customer care services to its customers which further ease the tasks for you.

Q.11 – What are payroll entries?

Payroll journal entries refers to the record of compensation given to employees. These journal entries are then recorded into the financial statements of the entity via general ledger.

Q.12 – Which are the top rated software of 2019?

Gen Payroll is the top rated software of 2020. Gen Payroll is widely used and appreciated Payroll software. More than 1000 clients from India calls it a best software that is compliant with statutory norms.

Finally, we have come through all the frequently asked questions based on payroll software for management companies and big organizations. The Gen payroll is one such solution for all the management companies to tackle all their payroll related issues and to further manage the complete process of employees via the sophisticated payroll management software as offered by the Gen Payroll.

How to File GST CMP-08 Return Online for the Deposited Payments?

GST Feeling Software

What is Form CMP-08?

A texture merchant will use this form CMP-08, it is a particular statement cum challan to proclaim the small print or summary of his/her self-assessed tax payable for a given quarter. It also acts as a challan for creating payment of tax. A composition dealer is a dealer who has registered under the composition scheme laid down for both suppliers of goods and services.

In addition to making CMP-08, a composition dealer also will get to file his/her annual return via the revised format of Form GSTR-4 by 30 April following the top of a specific fiscal year.

Who should file this form?

A taxpayer who has opted for the composition scheme has got to CMP-08 to deposit payments quarterly. There are two sorts of taxpayers registered using CMP-02 (Opt into Composition scheme):

The supplier of products being manufacturers, retailers having an annual aggregate turnover of up to Rs 1.5 crore within the previous fiscal year, except:

● Manufacturer of pan masala, ice cream, or tobacco.

● A person is making inter-state supplies.

● A simple taxable person or a non-resident taxable person.

● Businesses which supply goods through an e-commerce operator.

● the person who provides the services that fulfil the conditions mentioned under the Notification Number 2/2019 Central Tax (Rate) dated 7 March 2019 having the annual collection turnover up to Rs 50 lakh in the last financial year.

What is the maturity to file the form CMP-08?

Form CMP-08 must be filed quarterly, on or before the 18th of the month succeeding the quarter of any specific financial year.

What will be the penalty for not filing CMP-08 before the due date?

In case a taxpayer fails to furnish his/her return on or before the maturity, he or she is going to be susceptible to pay a late fee of Rs 200 per day for every day of delay. i.e. 100 rupees per day for CGST and 100 rupees per day for SGST. IGST Act prescribes an amount adequate to the late fees for CGST and SGST Act, i.e. Rs 200 per day of delay.

Late fee charges are going to be subject to a maximum of Rs 5,000 from the beginning of the maturity to the particular return filing date of the taxpayer.

How does a taxpayer fill this form?

A taxpayer will need to fill in the following details:

Step 1: A taxpayer has to enter his/her GSTIN details.

Step 2: Once the GSTN number entered, primary information like the legal name and brand name are going to be auto-filled. The same statement is going to update for the ARN (Application reference number) and date of filing, once the payment completed.

Step 3: The third table of the form will have information/summary of the self-assessed liabilities. A taxpayer will get to provide details like outward supplies on which tax is payable by him, including the inward supplies on which tax is payable on a reverse charge and cases of imports. Apart from this, the tax payable on these and therefore the interest paid (if any) should report.

Step 4: within the final step, a taxpayer has got to confirm that he/she has verified all the small print that entered from signing the form.

Important note to a taxpayer:

● A taxpayer can file a ‘NIL’ return if his/her total liabilities is zero for a given quarter.

● A taxpayer is going to be susceptible to pay interest also as a penalty just in case he/she misses the return filing maturity.

● Tax liabilities are inclusive of adjustment about advances, credit notes, debit notes or, any rectifications.

To get more help you can buy best GST filling software online at best price.

GST Audit Era Begins; Govt Sent Notices to Businesses Across Country

Notices to Businesses Regarding GST Audit

The department under GST is finally extending notices to on business whose accounts are required to get audited as per the norms. Cordial notices are being sent by the government to businesses for the first year of GST (2017-18).

There are three basic kinds of audits under GST, the first one focuses on the business where the annual turnover is more than Rs. 2 Crore, such businessmen are required to get their accounts audited by a Chartered Accountant or a Cost Accountant and furnish the reports in GSTR 9C (Audit Form) respectively. The second audit signifies a special process under which the Chartered Accountants or Cost Accountants designated by the Tax Commissioner conducts the audit on the commands of the Deputy/Assistant Commissioner, any minor default in the reports the second audit is subject to tension on a big level.

The third kind is the general audit where the local tax authorities process audits for individual taxpayers. As declared by some influentials in the field, the period of continual audits has arrived in which the taxpayers (either entities or individuals) have to prove the authenticity of the tax paid and the credit claimed by them on the inputs by furnishing the accounts of their sales, profit, and purchase to legal authorities.

Being the first audit session after the implementation of GST (Goods and Services Tax), the official involved in the process are expected to pay extra attention to examine all the documents depicting the financial architecture of a business or income of an individual. Such documents include financial statements, directors’ reports, GST filings, income tax filings, tax audit reports, cost audit reports, internal audit reports, agreements, purchase orders and many more, they said.

Time Limit for Furnishing the Audit Reports

Held under the surveillance of Section 65 of the GST Act, the general audit is supervised by the group of GST officials either from their offices or the site of business. As per the norms, the concerned assessees are likely to receive an intimation of audit 15 days prior to its conduct. The deadline for completing the audit is 3 months starting from its commencement, in special cases, if the audit is extended then the very edge is six months from the date of its actual commencement.

While conducting the audit, the concerned official may ask for the set of facilities required to verify the books of accounts providing which is the sole responsibility of the assessee. Providing all the relevant documents required to audit the accounts is the prime duty of the assessee so that the process takes no more than the designated time limit and there is no inconvenience caused to the participants in the audit.

Following the conclusion of the audit, the concerned audit officer will extend a legal intimation to the taxpayer regarding the outcomes of the audit and further obligations (if any) from his (taxpayer) side along with proper reasoning. The assessee is subject to further investigations if the audit team finds any of the incidences when the tax is not paid or the less amount is paid or ITC is wrongly claimed by the assessee.

Following the arrival of audit notice by the legal department, the taxpayer should start preparing for the major event dates by accumulating all the related documents and records of the said financial year (various return forms of the year GSTR1, GSTR 2A, GSTR 3B, GSTR 9 and GSTR 9C), registration certificates, balance sheets, directors/self-audit reports, returns furnished to banks / financial institutions (if any), cost audit, tax audit & internal audit reports, electronic credit/cash ledger, abstract of output services invoices & input services, work order/purchase order/agreements, filed the forms as prescribed by GST Audit manual and copy of last general audit report.

An Easy Guide to Filing GSTR 1 Online with Complete Return Procedure

GSTR1 Filling


Here we start by describing GSTR-1. In GSTR-1, the suppliers will report about their outward supplies during the reporting month. As such, all the registered taxable persons are needed to file GSTR-1 by the 10th of the ensuing month. It is the primary or the start line for passing input tax credits to the dealers.

Who needs to file GSTR-1?

GSTR-1 has got to be filed by “all” taxable registered persons under GST. However, some specific dealers aren’t required to file GSTR-1; instead, they are required to file other different GST returns because the case could also be. These dealers include all the E-Commerce Operators, Input Service Distributors, the dealers registered under the Composition Scheme Non-Resident dealers, and Tax deductors. The GSTR-1 has to be filed even in the cases when there is no business conducted during the reporting month.

How To File GSTR-1 Online?

GSTR-1 has 13 different heads that are required to be filled in. We have mentioned the major ones here:

● GSTIN of the taxable person filing the return-

Auto populated result.

● Name of the taxable person – Auto-populated field

● Total Turnover in the Last fiscal year – this is often a one-time action and has got to be filled once. This field is going to be auto-populated with the closing balance of the last year

● The amount that the return is being filed – Month & Year is out there as a sink for selection

● The details of the Taxable outward supplies made to registered persons – CGST and SGST shall be filled in case of intra-state movement, whereas IGST shall be filed only in the case of inter-state movement. Details of the exempted sales or sales at the nil rate of tax shall even be mentioned here.

● Details of the Outward Supplies made to finish customer, where the worth exceeds to the Rs. 2.5 lakhs – aside from the mentioned, all such supplies are optional.

● The entire of all outward supplies made to finish consumers, where the worth does not exceed the Rs. 2.5 lakhs.

● Details of Credit Notes or Debit Notes.

● Modifications to outward supplies of previous periods – aside from these two, any changes made to a GST invoice has needed to be mentioned during this section.

● Exempted, Nil-Rated, and Non-GST Supplies – If nothing was mentioned within the above parts, then complete details of such supplies need to be declared.

● Aspects of Export Sales made – additionally to the sales figures, HSN codes of the products supplied need to be also mentioned.

● Tax Liability arising out of advance receipts.

● Tax Paid during the reporting period – it also can include taxes purchased earlier periods.

The form has got to be digitally signed just in case of a corporation or an LLP. In contrast, within the matter of a proprietorship concern, an equivalent is often signed physically.

Filing GSTR-1 directly on the GSTN portal, you can use our software, which is simpler to use. Our software accepts data from your existing accounting software and assists you to upload it to the GSTN portal. Almost all the GSPs have come up with their return filing solution.

If you like to avoid such multiple steps and bother of using a lot of software, try our software today. Its a simple to use accounting software with super fast GST return filing. It’s designed for business owners who don’t have any accounting background.

Govt has been Crosses 1 Trillion Rupees Mark in GST Collection of December 2019

The government has been crossed 1 lakh crore mark of GST revenue finally, from a long time in December 2019 with the INR 1, 03,184 of gross GST revenue. 

As per the category, if we divide the GST revenue, then the CGST stands at INR 19,962 crore while that of the SGST, which accumulated at 26,792 crores. The collection of IGST stood at 48099 crore, which includes the INR 21,295 crore as imports. 

The cess which was collected with the total amount coming at INR 8331 crore, which also includes INR 847 crore as an import revenue of the country. So, if we check out the number of total GSTR 3B return filers, then the name comes at 81.21 lakh in November up to 31st Dec 2019. 

We have seen upward of GST revenue by 16% as compared to the last years of December 2018 collections though the settlement is stood at INR 21,814 crore to CGST and INR 15,366 crore to SGST. 

  STATE   Dec 18 Dec 19 Growth
1 Jammu & Kashmir 293 409 40%
2 Himachal Pradesh 595 699 18%
3 Punjab 1162 1290 11%
4 Chandigarh 143 168 18%
5 Uttarakhand 1055 1213 15%
6 Haryana 4648 5365 15%
7 Delhi 3146 3698 18%
8 Rajasthan 2456 2713 10%
9 Uttar Pradesh 4957 5489 11%
10 Bihar 909 1016 12%
11 Sikkin 150 214 43%
12 Arunanchal Pradesh 26 58 124%
13 Nagaland 17 31 88%
14 Manipur 27 44 64%
15 Mizoram 13 21 60%
16 Tripura 48 59 24%
17 Meghalaya 108 123 14%
18 Assam 743 991 33%
19 West Bengal 3230 3748 16%
20 Jharkhand 1995 1943 -3%
21 Odisha 2347 2383 2%
22 Chhattisgarh 1852 2136 15%
23 Madhya Pradesh 2094 2434 16%
24 Gujarat 5619 6621 18%
25 Daman and Diu 77 94 22%
26 Dadra and Nagar Haveli 129 154 20%
27 Maharashtra 13524 16530 22%
28 Karnataka 6209 6886 11%
29 Goa 342 363 6%
30 Lakshadweep 4 1 -78%
32 Kerala 1416 1651 17%
33 Tamil Nadu 5415 6422 19%
34 Pondicherry 152 165 9%
35 Andaman and Nicobar 22 30 36%
36 Telangana 3014 3420 13%
37 Andhra Pradesh 2049 2265 11%
  Grand total 69983 80849 16%