Technology-assisted compliance is not a new concept in India. Not only does it help save time and cost, accuracy has gone up another notch. But, why will technology play a pivotal role in GST implementation and administration from both a government and business perspective?
Excellon Software has launched SAP CERTIFIED EXACT GST SOLUTION BUILT FOR THE GST REVOLUTION
A Software Is Your Buddy: Basic things like invoice filing, input credit calculation, state level calculations, ledger, and party reconciliation - all will depend on your software.
Your Customer Becomes The Sales Tax Officer: Now on, your customer will receive credit only after you pay GST, which means any delay from your end and he comes breathing down your neck if you default.
Time Is Money: Prior to GST Compliance, returns needed to be filled either on a monthly, quarterly or bi-annual basis. Now on, get ready to file them three times a month! Businesses with high transactions will have to be on their toes to ensure that these timelines are adhered to.
Transactions Are Returns: There is practically no manual work needed in terms of filing. All you basically need are transactions in order to upload sales and invoices.
GST Compliance Does Not End At An Organisational Level: July onwards, businesses will no longer be able to claim input credit on purchases. Additionally, supply chains could get disrupted if dealers aren’t compliant from their end.
In fact, the GSTN has appointed a number of Suvidha Providers to help smoothen the process, Excellon Software being one of them. Below are the many benefits of such providers:
- No Business Disruption
- Free Flow of Data
- Client Satisfaction
- Hassle-Free Implementation
- 100% Compliance
- Better Understanding of Law
About Excellon Software
Excellon Software is recognized as the most innovative software product company from India. The company's product portfolio encompasses a complete dealer management system, sales & distribution management system, aftermarket management software, automotive eCommerce solution, and B2B B2C mobile apps. Excellon Software products are used by over 30,000+ users in over 7000+ locations worldwide. Excellon Software is also a GST Suvidha Provider (GSP). It offers GST Software for GST return & management and E-Way Bill.
To know more about Excellon Software Pvt. Ltd., please visit the website https://www.excellonsoft.com