Taxmann launches GST compliance software

Taxmann's new GST software is an integrated one for all GST, Income Tax and TDS compliances.

Update: 2017-06-28 15:19 GMT
With just four days left for the rollout of GST, the government has deferred implementation of TDS and TCS provisions as well as exempted from registration small businesses selling on ecommerce platform. E-commerce firms will not be required to collect 1 per cent TCS (Tax Collection at Source) while making payment to suppliers under the Goods and Services Tax (GST) which will be rolled out from July 1.

Hyderabad: Taxmann, an authorised GST Suvidha Provider (GSP), today launched its GST compliance software, ‘One Solution’.

It is an "integrated software for all GST, Income Tax and TDS compliances", the company said. Piyush Kumar, CEO, Taxmann Technologies, said the implementation of GST will increase compliance for companies.

"Keeping in mind the increased compliance and monthly returns that a company needs to file, we created One Solution which covers buyer master, supplier master, goods and services master, branch master and bank master with a facility to import from Excel. The software will give sufficient time to the taxpayers to configure their systems and create the required masters for GST," Kumar said.

GSPs are entitled to provide essential solutions like registration, return filing, payment of taxes and ledger maintenance through their secured network, the company said.

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