How to Effectively Choose a GST Solution – Part 2

Indian tax system and easily be categorized into pre-GST and post-GST. While GST was introduced to make the tax system hassle-free, many businesses are still struggling to master the reform. Though there are many solution providers available in the market, you should choose the one carefully according to your organizational needs. Here are some key points to be kept in mind:

Plug and Play Model: ion that your business opts for should offer the flexibility of usage in terms of data entry like the possibility of importing data in multiple formats ranging from manual entry to excel based imports etc. And not just this, it should also offer the choice between entering data on the cloud and keeping it there to make further edits or saving it directly on GSTN. In short, the solution should provide flexibility of operation which would enable plug and play and reduce adaptation time.

24*7 Support: You might have opted for the easiest to implement technology solution, but still tax practitioner, businesses or any other user may have queries or require hand-holding when operating a new system. The need of the hour then would be an infrastructure that can handle such queries in form of a multi-linguistic call center or real-time support by trained professionals. The professionals can come in the form of free demonstrations, regular counselling and personal visits, or in-built assisted return filling model etc would be much required.

Possibility of pre and post-filing reconciliation: While GST regime makes the entire taxation model fairly effective but for many players who are used to the traditional format of functioning, this technology enabled advancement is limiting. For many players who have a complicated supply chain or who work with multiple vendors, there is a huge chance of invoice mismatches or other gaps in overall transactions which would only be reconciled after returns are filled because data once filed with GSTN cannot be edited. But, there are many players which are offering enhanced features in their tax filing solutions and pre-filing reconciliation is one of those critical features which would ensure faster follow-ups and closures for reduced mismatches.

We are awarding some of the best GST solutions of the year along with other categories at the 2^nd Indian ISV Awards 2018, an initiative from itVARnews (Techplus Media Publication) to acknowledge the best ICT Solutions by ISVs (independent software vendor), Systems Integrators, Solution VARs, and MSPs across INDIA. To know more, visit the website now.