GST Training

GST Training
India’s biggest tax reform, the Goods and Services Tax commences since July 2017, is estimated to create a wide range of opportunities for government and its people in the long run. This is a thirteen years in the making tax rollout that applies to both goods and services with a definitely greater compliance focus on transparency of trade data for matching between traders, thereby increasing the number of tax payers in the country, and in turn, a larger revenue for the government.

The main focus of GST in India is on the transparency of tax payer’s declaration of sales & purchases, which can only be effectively done using GST preparation software with inbuilt artificial intelligence both from the government and the tax payers to facilitate the data matching process. The tax system with intended data matching functionality however will not efficiently work with existing desktop software where majority of businesses previously use to manage their sales and purchases even with the GST compliant upgrades due to the direct and vigorous online data matching required in the reporting process. Business will either need to use cloud based GST preparation software which has inbuilt conne

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