Currently, the Goods and Services Tax (GST) is the hot topic of the town. After the compulsion in applying the GST to most of the products has got the public baffled. Some of the public are against the GST being applied to certain products, for instance sanitary napkins.
However, in order to help the government, Countmagic.com has come up with the new GST software that is cloud based. It has been developed for the traders, e-commerce, and SMEs in order to help them easily upload the stock details as well as produce a statement whenever a credit has to be availed. The basic reason behind coming up with the cloud-based GST software is to help the businessmen and traders lower their number of days required to process the monthly filing of the returns as per the GST regime.
But how is it actually beneficial? This software helped introduce cashless payment and electronic invoicing in the businesses, which is actually a huge profit as large amount of money is saved on a monthly basis. It is in short an environment friendly kind of technique. With the Countmagic.com’s software, the generation of the compliant invoices related to GST, payments, creation inventory, return generation, managing purchase, and expense monitoring has become a lot easier than considered.
Along with the software, the businessmen can opt for an e-locker for keeping their important documents safe and also make the sharing of those information with their CA’s easier. Though the e-locker may seem expensive, that is, Rs 9999 per year, it still has a mobile app and a 5GB of e-locker space made available.
For now, Countmagic.com plans to provide the software for free so that the businessmen and traders understand its importance and use. The idea of including this initiative is to smoothen the GST in case of businesses that too at an affordable price. As per the government, once the GST software is unveiled on July 1, 2017, then it will be made mandatory for all the traders and businessmen to start uploading their sales and return details on the GST Network portal at the end of every month.
Countmagic.com basically wants all its businessmen to be punctual in terms of GST so as to help India generate more of revenue and overcome all its financial obstacles in the coming years. Thus, the software will prove to be one of its kinds in the future.