Organizations today are however driven by the specialised processes which are at times
unique to their business. In order to support and also control these processes, organizations have thus implemented enterprise-wide business softwares or the ERPs which however streamline their entire workflow.
The purpose of this article is to make the reader aware of the software which is however used to simplify GST.
But before proceeding further , let us clearly understand the concept of ERP’s.
Understanding ERP
Enterprise resource planning (ERP) is thus the integrated business process management,
which is mostly in the real-time being mediated by the software and technology.
ERP is thus usually referred to as a category of the business-management
software—typically a suite of the integrated applications—that an organization can however
use in order to collect, store, manage and then interpret data from the various business
Activities.
Development the of Effective ERPs
Development of such kind of complex business softwares however takes years of research
and the products thus keep on evolving in order to meet the new industry requirements.
These systems are however also required in order to assimilate all the legal and the
regulatory requirements into their compliance and the reporting framework. For example as
GST gets implemented, the enterprise will however need in order to upgrade to the revised
version of the ERP module which is GST compliant or which may however switch to
another software solution of a new vendor and then customize it in line with the business
Requirement.
Impact of GST
GST is however all set to subsume a major set of the central and state level indirect tax
levies. Consequently all the enterprise-wide business softwares will however require
intensive re-engineering in order to build the new logics addressing the new tax regime.
GST will also thus impact the ERP systems at the various levels and will also require major
customization for the different set of transactions. This will thus lead to a re-defining of the
‘master level’ as well as its ‘transaction level’ data flows and the reporting. Understand about the implications and the system requirements which are however to be met so that the enterprise can however have a smooth transition into the new regime and if your ERP is thus GST ready or not here.
GST software
The GSTN is however going to serve as a central infrastructure backbone of GST. Many
private companies however have been invited in order to help the government maintain and
then manage the infrastructure support that will thus be required as all the indirect taxes
departments get merged. These partners will be however be called as GSPs i.e the GST
Service Providers. Where the GSPs will however help in order to connect with the GSTN,
there will also be other partners called as the ASPs i.e Application Service Providers.
For the purpose of return filing the registered taxpayers will however be able to do their
taxes through the ASPs route or however by directly through GSPs.
Legal raasta – GST SOFTWARE
Its features notably are :-
1. IMPORT DATA
One can import data from excel or any other accounting software
2. RECONCILLIATION
One can reconcile supplier data with purchases
3. MULTI USER
One can add multi user with permissions
4. UTILITIES
We have HSN finder in order to determine the place of supply
5. LEDGER
There are real time updated ledgers
6. NOTIFICATION
It will however inform the buyer and the seller about the changes
7. MULTI GSTIN
It can manage branches/ GSTINs
8. ECOMMERCE
It also supports ecommerce invoices
The 5 step simple process which this software follows is :
Step 1
One is firstly required to upload the sales form Excel/ ERP (GSTR 1 )
Step 2
He is then required to upload the purchases form Excel/ ERP (GSTR 2 )
Step 3
Then the software would reconcile the buyer and the supplier values
Step 4
One is then required in order to review and submit GSTR1 A
Step 5
He is then required to preview final return (GSTR 3 ) and then file
Thus , one should buy this software and should not use the government website because :
Rather than displaying of the countless fields with an official looking Excel/Java utility
of Govt. that thus contains limited descriptions – one has to keep looking for the set of
instructions in order to understand what is to be entered in each column. Thus our
ITR Software is extremely intuitive and easy to understand.
Reconciliation: The government software doesn’t really allow you in order to reconcile
supplier data with your purchases. You will thus have to manually reconcile each purchase
one by one. It is however literally impossible in order to reconcile ‘one by one’ if you have
100+ invoices. Our GST software thus does reconciliation for you in < 5secs and thus saves a lot of your time.
Simplifying taxes for you: We have however broken down the complex process of the GST
return into a series of tabs/window. Our software thus also places help tooltips / videos
making it a less confusing and also time saving solution for GST fling.
User Friendly: It also has a clean excel-like interface with a step by step process which is
thus also letting one easily navigate back and forth unlike the cluttered and the confusing
government system.
Data Import: You can also however import directly form excel or your ERP solution (Tally,
SAP, Busy etc). This is thus not possible via the government utility.
One can however also contact legal raasta for :
1. GST RETURNS
2. GST REGISTRATION
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