'Business opportunity under GST is 10x in a timeframe of 1-3 years' 

Tejas Goenka, Executive Director, Tally Solutions 

There are 34 qualified GSPs and 160 new applicants in round 2 to serve the market of 80 lakh business. Out of the 80 lakh, most of them use Tally whereas 10-20 lakh do not have any software. In GSP side, we do not see any competition but the competition would be on ASP side as the focus would be on applications and not on GSP. There are 11 lakh paid users of Tally and around 50 lakh of unpaid users of Tally. 
  
The business opportunity is 10x in a timeframe varying from 1-3 years and it depends on how the government forces GST on traders as in India it is always wait and watch approach. What happens in July-September quarter will open up opportunity for the future and the question is how fast will the market grow.

The basic principle is to educate Tally users and we are doing this exercise from November, 2016 onwards through our sales network, certified partners and associate partners who have played a key role so that they can provide digital experience end to end. Around 10,000 people are trained every week and we have trained around 6 lakh people since November. Around 6-8 lakh people have come through digital app and blog. We have a 350-400 seat call centre in Bangalore which offers 8 languages support

The company is planning to launch the mobile version by 2018 as presently we have a trial version. 

This version is GST Ready and helps in providing the fastest and simplest GST setup for the company and it suppliers. It helps in GST compliant entry and printing and all data is GST compliant and helps in filing tax by providing data in the right format. For existing user, there is no change in Release 6 as there is no learning curve.  

There are concerns with respect to GST as change is for the better but the foundation needs to be correct. GST Council should look at input tax credit to tax payment of trader suppliers. E-way bill transportation accounts bill not closed as the transaction rules are still pending.