GST to define Indian economy

Sumeer Chandra, MD, HP Inc. India

“The economy today is on a very strong footing and the upcoming GST transition is going to be a defining moment for the Indian economy. Estimates say, about 6 million tax payers are in India today which made the net taxes and that number is expected to jump by 50% and the majority of the new tax payers on GST will be traders, small businesses and start-ups and these small business will need to now gear up for GST. They have to learn the new ways of doing businesses, automate and digitise their invoicing, i.e., purchases and sales and upload that on the GST portal for reconciliation. This is a new capability that the small and medium businesses will need to pay. So the question is how do these millions of small businesses become GST compliant and get ready for GST.

HP always takes great pride of being a supporter and an enabler in India’s digital journey. If you consider all the historic government initiatives around digitisation, HP has been a key partner, whether it’s the first computerised railway ticketing, computerisation of government departments or courts, digitisation of banks, the UID scheme and the recent digital India initiatives where HP has been a key enabler. So we took up on ourselves a challenge of figuring out how do we help these small and medium businesses. This was a very big task and we knew we couldn’t do it alone, so we entered into a strategic partnership with KPMG by joining hands to launch a very comprehensive GST solution that will help millions of SME customer’s transition into GST regime with confidence and with minimum interruption. This solution brings the best that each company has to offer.

HP has to reach nearly 700 cities in India and sell these solutions (PC, Desktop laptop, Printers and POS). That is important because lot of these small and medium businesses are spread all over India. KPMG has taken their expertise and put that into the GST solutions.”

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