The constant evolution of tax landscapes and tax complexities has become the prime reason for adopting tax automation. Tax automation assists organisations to track and calculate their tax obligations, as companies expand in size and reach, the indirect tax obligations and reporting requirements expand as well.
Organisations already find it difficult to figure the accumulation of indirect tax errors across operations, and the complexities of taxes further contribute to these errors. So, every organisation should adopt tax automation techniques to have error-free reporting.
The Goods and Service Tax (GST) is an indirect tax levied on the supply of goods & services domestically. The GST is paid by the customer and it is remitted to the government by the business entity selling the goods or services. For calculating the tax that needs to be paid to the government, the entity should utilise tax automation to reduce the errors and file it forward.
GST Registration Process
Registering for GST is quite simple and completely online, all you need to do is:
- Use your PAN, mobile number and email ID fill the GST REG-01 form and submit it.
- Verify your mobile number and email ID with the OTP generated.
- After the verification is done, save your Application Reference Number (ARN) received.
- Provide your ARN and attach supporting documents.
- Fill the automatically generated GST REG-03 form if in case additional information is required.
- After all the information provided is verified, a certificate of registration will be issued within 3 working days.
Read More: What documents required for Goods and Services Tax (GST) registration
GST Suvidha Provider
The GST Suvidha Provider (GSP) helps a GST taxpayer to comply with all the provisions of GST law through the web platform. A GSP comes up with means of an effective and innovative platform for taxpayers to access GST portal services starting from registration and invoicing to completion of GST return filing.
“GSP is the brainchild of Goods & Services Tax Network”
Key Services of GSPs
- Enriched APIs
- Data Protection & Privacy
- Seamless Data Relay
- High Availability & Fault Tolerance
- Multiple Interfacing Options
- GSTN Failure Handling
Alankit as GSP: What Taxpayers can Expect
At Alankit, we ensure quality services for our clients to maintain a long-term business relationship and provide them with varied interfaces on desktop, laptops & mobile. Along with it, we also provide innovative solutions for compliances such as:
- Registration
- Automated Upload & Download of Invoices Data
- Automated Return Filings
- Automated Reconciliation of Inward/Outward Supplies
- Ledger Maintenance
- Challan Generation
With Alankit’s GST Muneemji you can avail a secure cloud-based solution for all your payment and business accounting solutions for your GST compliances. We have also introduced the one-of-its-kind e-Way bill generation software, e-Raahi to instantly create the e-Way bills without any hassle and in an affordable manner.