1. Acceptance of Terms
By downloading, installing, or using the VERISTOCK PRO mobile application or website, you agree to comply with and be bound by these Terms & Conditions. If you do not agree to these terms, do not install or use the software.
This software is a Business-to-Business (B2B) ERP and invoicing software utility, intended solely for merchants, retailers, and commercial repair store operators.
2. License and Usage
SM Technologies grants you a limited, non-transferable, revocable license to run VeriStock Pro on compatible Android hardware devices in accordance with these terms.
You agree not to:
- Reverse engineer, decompile, or attempt to extract source files from the application package.
- Redistribute, lease, sell, or copy the software binary without direct written authorization from us.
- Use the app for illegal activities or in violation of regional commerce regulations.
3. Data Ownership, Cloud Sync & Security
VeriStock Pro is built on a Hybrid Offline-First data architecture. All operational inventory logs, billing invoices, accounting entries, and customer contacts are processed and encrypted locally on your Android device (SQLCipher 256-bit AES), and automatically synchronized to private Google Cloud / Firebase Firestore collections for multi-user store management. Consequently:
- Cloud Synchronization: When connected to the internet, write-ahead outbox mutations sync in real-time to your private multi-tenant Firestore security domain (
businesses/{bizId}/*). - Device Security: You are responsible for configuring locking credentials and biometric security on your Android handsets to prevent unauthorized access to local encrypted databases.
- Staff & Role Governance: Business owners are responsible for inviting, managing, and revoking staff role accounts (Owner, Manager, Salesman, Technician, Accountant, CA) within the app or web portal.
4. Workforce Attendance & Shift Geolocation Policy
VeriStock Pro provides optional geofencing and background location verification exclusively for managing employee shift attendance, verifying shop perimeter presence, and confirming on-field service visits. By utilizing these features:
- Employer Obligation: Business owners and administrators represent and warrant that employee shift tracking will be conducted transparently, with prior employee notification, and strictly in compliance with applicable labor and data protection laws (including the Digital Personal Data Protection Act, 2023).
- Duty-Bound Restriction: Location sampling is architecturally active only while an employee is on an active duty shift (clocked-in). Off-duty, personal, and weekend hours are never monitored or recorded.
- Consent & Revocation: Employees must be shown the In-App Prominent Disclosure and retain the right to revoke system location permissions at any time via Android OS settings.
⚠️ Statutory Tax & GST Audit Disclaimer
VeriStock Pro provides financial summary tools, GST liability matrices, and GSTR-1 CSV exports for informational and internal auditing purposes only. Users, Business Owners, and Chartered Accountants remain solely responsible for verifying tax computations and complying with statutory GST return filing deadlines under applicable GST laws.
Access to the CA Web Portal (`https://veristock-ad58d.web.app`) is provided under strict Role-Based Access Control (RBAC). Business owners remain responsible for revoking staff and CA access tokens when appropriate.
5. Free Lifetime Software Access & Future Value-Added Services
100% Free Core ERP: VeriStock Pro provides its core offline-first POS billing, inventory tracking, repair management, barcode generation, GST summary matrices, and multi-tenant cloud synchronization free of software subscription charges for Indian MSMEs, retailers, and repair workshops. Users are not charged any recurring software license fees or mandatory subscription costs for core utility operations.
Future Value-Added & Optional Monetization: SM Technologies reserves the right to introduce optional, voluntary value-added features or network-based monetization models in the future. These may include, without limitation:
- VeriStock Connect & Universal Inventory: Voluntary B2B marketplace discovery, inter-shop stock pooling, and wholesale supplier connections.
- Pulse Media & Reels: Merchant product video promotions, customer engagement tools, and brand reels.
- Commercial Partnerships: Optional digital marketing services, payment gateway integrations, or relevant merchant advertisements.
Core local billing and accounting features will not be held hostage for payment; any future monetized services will be strictly elective and voluntary.
Local Onboarding & Hardware Partners: Authorized channel liaisons and hardware support partners assist merchants solely with physical on-site setup, Bluetooth thermal printer configuration, barcode scanner integration, and staff training. Partners are strictly third-party service providers and are NOT authorized to sell software licenses or represent VeriStock Pro core software as paid.
6. Unilateral Right to Modify Terms, Pricing & Platform Policies
Founder & Company Discretion: SM Technologies and its founder reserve the absolute, unilateral right to modify, amend, update, replace, or discontinue any aspect of these Terms, software features, usage quotas, or pricing structures at any time, at their sole discretion.
Future Charges for New or Existing Users: While the core ERP is currently provided free of charge under the Community Edition, SM Technologies expressly reserves the right to introduce commercial subscription pricing, transaction fees, feature tiering, or paid licenses in future releases for new registrants or existing users upon reasonable advance notice.
Binding Nature of Revised Terms: Updated Terms will be posted on this website and/or notified via in-app update notices. Your continued access, login, or use of VeriStock Pro following the publication or in-app presentation of modified Terms constitutes full, irrevocable, and legally binding acceptance of all revised terms, conditions, and fee schedules.
If you do not agree to any updated terms or future fee schedule, your sole and exclusive legal remedy is to stop using the application and export your business records. Continued usage binds you to the amended agreement without exception.
7. Warranty Disclaimer & "AS IS" Provision
The software is provided on an "AS IS" and "AS AVAILABLE" basis, with all faults and without warranties of any kind, whether express, implied, statutory, or otherwise. Because VeriStock Pro is made available free of charge, SM Technologies specifically disclaims all warranties of merchantability, fitness for a particular business purpose, uninterrupted uptime, and non-infringement.
You acknowledge that you are solely responsible for verifying the accuracy of tax calculations, GST rates (e.g., 18%, 28%, Margin Scheme Rule 32(5)), customer ledgers, inventory counts, and statutory filings produced through the application.
8. Limitation of Liability & Merchant Indemnification
To the maximum extent permitted by applicable law, in no event shall SM Technologies, its founder, developers, affiliates, or community partners be liable for any indirect, punitive, incidental, special, or consequential damages (including loss of profits, lost revenue, stock discrepancies, data corruption, or business interruption) arising out of or related to your use of the software.
Because the core application is provided free of subscription fees, our total aggregate liability for any and all claims under these terms shall be limited to INR 100 (One Hundred Indian Rupees) or the minimum statutory limit allowed by law.
Indemnification: You agree to defend, indemnify, and hold harmless SM Technologies and its affiliates from and against any claims, liabilities, damages, losses, or legal expenses (including reasonable attorney fees) arising out of your violation of these Terms, tax non-compliance, disputes with end-customers, or illegal commercial activities conducted through your business account.
9. Governing Law
These terms shall be governed by and construed in accordance with the laws of India. Any disputes arising from these conditions shall be subject to the exclusive jurisdiction of the competent courts in Gujarat, India.
10. Contact Information
For inquiries regarding licensing agreements or compliance issues, contact us at:
SM Technologies
Email: smtechie7@gmail.com