Sumeer Chandra, MD, HP Inc, India, Prakash Kumar, CEO, GSTN, S N Tripathi, Additional Secretary, Ministery of MSME, and Arun Kumar, Chairman and CEO, KPMG, introducing ‘GST Solution’ for traders and MSMEs, during a press conference in New Delhi on Monday.
New Delhi, May 31, 2017: HP India in collaboration with KPMG today launched a comprehensive, secure and affordable invoicing platform “GST solution” to help transition millions of traders and Micro, Small & Medium Enterprises (MSMEs) to Goods and Services Tax (GST) regime. Commenting on the launch, Sumeer Chandra, MD, HP Inc. India said that “GST solution” has the capability to support users to file all their transactions as per the new tax norms in a convenient manner and also reduce the invoice reconciliation requirements of large companies. Ensuring business continuity to users, HP will also enable specialised help desk support of tax experts on call, email and chat for GST related queries and operational assistance. He said that the end-to-end solution comprises of hardware from world’s leading PC brand — HP, GST invoicing software by KPMG, cloud storage for storing invoice data, uninterrupted GST Suvidha Provider (GSP) access, e-sign, GST registration and migration services. The solution facilitates the entire process from inputting of purchase invoices, generation of sales invoices, managing the input credit ledger, and generating reverse charges. The solution also helps businesses receive the tax credit through automatic reconciliation of purchase invoices to ensure a seamless transition to the new taxation structure. In addition to empowering MSMEs, the solution can also support larger organisations enforce a regime wherein their vendors, distributors and dealers are on the GST system, complying with the process and filing their GST returns accurately. The solution can also help indicate loopholes in the ecosystem in the form of a tax credit leak at any nodal point. The solution acts as a unified platform that can ensure ease of invoice generation and reconciliation across vendors and sub-vendors in the ecosystem.
United News Of India
