IndiaFilings, India's largest online business services platform announced the launch of LEDGERS, a Goods and Services Tax (GST) accounting software specially designed for SMEs.
IndiaFilings.com receives over a million visitors each month. The company has a team of over 300 employees at five offices and presence across India through a network of over 6000 professionals over 180 cities and town. With extensive experience in delivering business services through the cloud, the company plans to provide GST compliance services to over one lakh SMEs through the GST regime over the next year.
GST, the largest tax reform in India's history will bring millions of small businesses into the compliance net, increase taxpayer base and improve ease of doing business. It is estimated that over one crore businesses would be enrolled under GST in a few years.
IndiaFilings started working on a GST solution for small businesses from the time the GST was announced. The company first launched a GST portal on IndiaFilings.com to offer free training and educational material on GST to make entrepreneurs, ready for GST regime in India. This was followed by offering of online services for GST registration and GST return filing to help entrepreneurs complete their GST migration or GST registration formalities from the comfort of their home.
"With the GST rollout on 1 July 2017, IndiaFilings is excited to launch its cloud based GST solution for SMEs called LEDGERS. LEDGERS will be a cloud based solution that can be accessed from a variety of devices from desktop computer to tablets to mobile phones. We have experience working with tens of thousands of business clients in supporting all their compliance requirements. We are excited to build on our learnings and launch our cloud based GST platform," said Lionel Charles, CEO of IndiaFilings.com.
"Our GST platform has been built on the clouds, is highly scalable and is backed by multiple servers to be fault tolerant. We have already educated and helped tens of thousands of entrepreneurs with all their GST related queries. Now, we are excited and ready to handle over one lakh clients. By year end, we expect to take our client base to over one lakh clients, across India," he added.
LEDGERS is an online GST accounting software from IndiaFilings.com designed to help businesses maintain their tax and regulatory compliance. LEDGERS is designed keeping in mind the requirements of small and medium sized businesses in India and is made GST Ready. Since, LEDGERS was developed from scratch after GST announcement, it uses the latest in technology and is built to be compatible with all GST rules, regulations and requirements.
IndiaFilings has connected its GST accounting software to the Government GST Network (GSTN) and the software has features that allow business owners to easily obtain a GST registration or file monthly GST returns at the click of a button. Thus, the software will be able to download data of the taxpayer from the GST network, provide auto-reconciliation features and manage all aspects of GST compliance from a single dashboard in the software.
To support new clients with all their GST requirements, the company has also created the physical infrastructure necessary for hiring and on boarding 200 more employees in the coming few months at various offices, taking the total team size to over 500 by end of year.