e-Invoicing or electronic invoicing is a system introduced under GST. Applicable taxpayers must report B2B invoices to the Invoice Registration Portal (IRP) and get it verified by the GSTN. In return, they receive a unique Invoice Reference Number (IRN) and signed QR code. The e-Invoicing system was implemented from 1st October 2020 for taxpayers with an aggregate turnover exceeding Rs.500 crore. e-Invoicing was extended to businesses with an aggregate turnover exceeding Rs.100 crore from 1st January 2021. On 8th March 2021, the CBIC also notified the applicability of the e-invoicing system from 1st April 2021 for businesses with total turnover ranging between Rs.50 crore to Rs.100 crore.

Despite its price point, the iPhone has grown to be a very popular phone brand in India. However, iPhone buyers are always apprehensive about GST on iPhones as it forms a substantial part of the cost. In this article, we decode the GST rate on iPhone mobiles, the type of GST on iPhones, the input tax credit available, import duties on iPhones, and more.For more information on GST on mobile phones, you can refer to our article here.GST on iPhonesBefore the implementation of GST, there were various taxes levied by the Central and state governments, such as Customs duty, Central Excise, and VAT, at various stages of value addition. Now, post the implementation of GST, there is still Customs Duty levied on iPhones as they are imported into India from countries like China.In fact, the reason why iPhones are as expensive as they are is because of the amount of indirect taxes forming a part of the value, which at present, includes Customs duty and GST.GST Rate on iPhones in IndiaUnder the GST law, the rate applicable on mobile phones is 18%. Hence, the GST rate on iPhones is 18%.

If data is the new oil, then definitely the engine it fuels is business intelligence. And every engine requires high-quality fuel to perform at its best. This article explains ETL as a critical process in the growing fields of data mining, data warehousing and business analytics. Stay with us to learn everything about what, when and how of ETL. What is ETL?The ETL full form is Extract, Transform and Load. It’s a process followed in data mining, extraction and warehousing, especially when data is being collected from multiple sources of varying data structures. The rules and principles followed in designing an ETL process depend on business use cases.

Push and pull supply chain strategies are two basic methods for controlling the flow of goods between the manufacturing unit to the end consumer. Each strategy has advantages and disadvantages, and the applicability is based on the product type, business objective and market demand. In this article, we will explore what is push and pull strategy in supply chain. We will also look at the difference between push and pull in supply chain to help you choose the right strategy for your requirements.  1. What is Push Strategy in Supply Chain Management?In supply chain management, a “push” strategy involves preplanning and controlling inventory levels and activities based on future projections.

Supply chain management (SCM) has a very important role in the growth of the Indian economy, as its economy is growing at a very fast pace. The proper implementation of effective SCM practices enables organisational operations to run smoothly, causes less waste, and results in high customer satisfaction. In this article, we discuss several examples of supply chain management in India and reveal a successful case of supply chain management.Supply Chain Management Examples in IndiaMany firms in India have adapted new ways of supply chain management to sustain and survive the highly competitive market. These examples illustrate how effective SCM can be in transforming business operations:1. FlipkartToday, Flipkart is considered one of the largest e-commerce companies in India with a well-organised supply chain system.

E-commerce can be compared to an iceberg, which shows off only a fraction of its total size above water. The rest remain submerged. A significant portion of the similar submerged portion in e-commerce comprises the supply chain. It affects every aspect of e-commerce without being visible to the outside world. That’s the reason supply chain management or SCM in e-commerce companies is the most critical part of their business operations. What is a supply chain in e-commerce?The e-commerce supply chain is a network of processes that involves distinct verticals of an e-commerce business.

The prosperity of any business entity is influenced by supply chains that are running effectively. In fact, the issues faced with regards to supply chain management in India are not uncommon, and they must be dealt with effectively by companies. This article will look at some of the challenges impacting supply chain management and tips on how to handle them effectively. Challenges of Supply Chain Management in IndiaHere are the common challenges faced by businesses while managing their supply chains: Material Shortages: One of the key issues with supply chain management is that there is a material shortage when demand from customers suddenly increases. The problem is further aggravated by reliance on a few suppliers with a lack of other alternatives. Rising Costs: Labour, raw materials, and transportation are necessary for continuing operations. The challenge lies in increasing costs associated with these activities, which have made it difficult to maintain operations or product quality. Multiple Sales Channels: For customers, they may find it easy selecting from different sales channels like online stores, mobile apps and physical stores where they purchase their products but for companies this has become a major source of concern in managing their supply chains.

Supply chain management is critical for operational efficiency and absorbing shocks resiliently. But companies sometimes doubt whether a supply chain management solution can be flexible enough to meet their specific needs. This article explains the key components of supply chain management and how cloud-based SCM solutions offer the highest level of adaptability and flexibility. Importance of Supply Chain ManagementSupply chain management is important for any entity working with multiple core processes to meet a set of well-defined objectives. Here’s why supply chain management is important: Operational optimisation - Effective supply chain management helps remove bottlenecks in core business processes. It can involve minimising wastage, making timely price decisions, controlling inventory accumulation or maximising value for end-users.

The supply chain has become one of the most important functions for organisations to reduce their cost of operations and increase their business value. If you are thinking about what a supply chain is and how it works, then here is a comprehensive guide. In this article, we explain the meaning of supply chain, along with the different supply chain types, give examples and share some of the best practices to help you effectively manage your supply chain.What is a Supply Chain?A supply chain is a network that includes all the necessary activities and resources to produce goods and services and ensure that these goods and services reach the consumer. It comprises different stages, such as procurement of the raw materials, manufacturing, storage, and, ultimately, the delivery of the finished product. Key Objectives of a Supply Chain in a BusinessNow that you know what a supply chain is, let's explore the key objectives of a supply chain in more detail:Customer Satisfaction: The first objective of the supply chain is to ensure that customers receive the right product at the right time.Cost Efficiency: The second objective is to reduce expenses while maintaining service quality, which is achieved through planning carefully and optimising resources.Inventory Optimisation: This objective is about balancing the availability of the product and controlling the cost. This is achieved by regularly tracking the demand and streamlining the restocking process.Lead Time Reduction: Delivering the products faster is key to keeping consumers motivated, which is what a supply chain aims to achieve.

There are a number of similarities between logistics and supply chain management, but it is important to know that they are not the same. Several key differences separate the two practices. It is important for businesses to understand the role each plays in improving operational movements and enhancing customer service. In this article, we will list the main differences between logistics and supply chain management and provide insights on what makes them unique.What is Logistics?Logistics plays an important role in supply chain management and involves managing the storage and movement within the supply chain. It also includes the planning and execution of the storage and transportation of goods between the supply chain networks. Logistics assists in gathering the workforce, resources and machinery required to move the goods from one location to the final destination.What is Supply Chain Management?Supply chain management means streamlining all the activities involved in the production of goods, from obtaining the raw materials to transporting the finished goods to the end-user.