“GSTmadeeasy” to be launched in India to make SMEs/MSMEs GST-compliant

With an aim to support the Government of India’s GST initiative and to make every Indian SMEs/MSMEs GST-compliant, for the first-ever time in India, a revolutionary easy-to-use, the need of the hour GST solution “GSTmadeeasy” is soon to be launched, with end-to-end business solution for MSMEs / Small traders to deal with digitizing requirements mandatory under the new GST regime.

Ravi Shankar Rao, Co-Founder & CEO, GSTmadeeasy, said, “It is saddening to see the present scenario of the small businesses which are running from pillar to post, mainly because of lack of technology awareness and preparedness on GST, it is a daunting cost and moreover the clarity on GST rules and regulations to generate and file regular monthly/quarterly returns.”

“Our Mission is to provide seamless functioning to a business enterprise with latest technological support without any substantial cost impediment; so as to enable them to focus on their business,” he added.

On the best of the scenario’s and that too, for a developed nation, such solutions might be the right solution. But, for a still developing and a growing nation like that of India, we are still far from that reality, especially when we talk of tier-2 and tier-3 cities and moreover the challenges and limitations of mobile data connectivity in those densely and thickly populated markets deep inside the walled city of Delhi’s Chandani Chowk, Khari Baoli, Sadar Bazar and many more over pan India are a matter of grave concern, if one has to run a cloud- based solution.

As for the technological challenges, GSTmadeeasy will provide a very user-friendly POS solution which is diametrically opposite to the other complex cloud-based solutions and which is designed to work offline as well; which can be easily operated by anybody who has the knowledge of using a smartphone and that’s it; rest of all will be seamlessly taken care by a team of professionally trained executives at the backend on a very nominal monthly service charge with no limitations or cap, whatsoever.

There is a huge gap as per the Institute of Chartered Accountants of India. The number of practising Chartered Accounts in India including that of Fellows & Associates in Full-Time Practice is 112,369 and in Part-Time Practice 8,282 only. Moreover, it is further noted that approximately 65% of the practicing Chartered Accountants in India does not practise in Indirect Taxes and, on the contrary, the number of GSTINs is expected to rise to over 30 million in the next couple of years.

The success of this GST regime further lies in promoting more and more small businesses to get themselves registered under the new GST Act to avoid the impact of cascading effect of previous indirect taxes that have been subsumed as one tax into GST, ultimately to make available the goods and services to end-consumer at a very reasonable price. The increase in the number of GST-registered businesses will ultimately help the cause of the Government of India in terms of multifold increase in indirect tax collection, to further the development of our Incredible India.