Is Your Business GST-Ready?

GST indeed is a complex tax regime. With almost all goods and services under its purview, and varying taxation mechanisms for all the transactions, businesses are in the need of a robust GST compliant software which would make it easier for them to meet up with the statutory GST obligations. Focus Softnet’s ERP with GST software is the perfect solution for businesses. With provisions like automated GST calculations within vouchers that require no extra efforts from the user, our ERP applications make it an easy and simple task to prepare GST invoices. Ready-to-file GST returns are also generated on our ERP applications, completely in tandem with the prevalent GST norms. The users need not put up any manual efforts for making their documents/information GST compliant. Just keep handy the GST rates for your items and Focus Softnet’s ERP application would take care of the rest.

The GST portal enables the taxpayers to access the GST System and fulfill compliance of the statutory obligations regarding GST. However, the portal’s GST system is quite complicated and requires the information to be fed in a predefined format. Not all taxpayers are capable of generating their financial data in the said GST compliant format. Thus, businesses need the guiding hand of ERP providers, who would help them in converting their purchase/sales register data to GST ready format, assist them in the integration of their accounting packages or ERP platform with the GST system, show various kinds of dashboards to view matchd/mismatchd ITC claims, tax liability, filing status etc. In addition to the aspects mentioned, businesses also need an ERP or an accounting system which will establish communication with the GST system for constant exchange of information in commonly understandable format, keeping in consideration the decision of the authorities that filing the invoices itself would be made mandatory.
Focus Softnet’s ERP systems have been upgraded and been enabled to help businesses and GST taxpayers to overcome all challenges and obstacles in GST regulations and compliance. Focus Softnet stands above the rest of the ERP software providers in the market, with the special recognition of being identified as a GSP (GST Suvidha Provider). For all accessible tasks, Focus Softnet’s ERP applications would effectively represent you and your business on the GST Portal. To add up to the credibility of Focus Softnet as a GSP, one of its SaaS solutions, FocusLyte is integrated with the GSTN (Goods and Services Tax Network).

Focus Softnet’s ERP applications automatically translate the data input of the user/taxpayer into GST compliant information. No manual effort of the taxpayer is required for converting the business transactions’ information in order to generate GST returns. Focus Softnet’s ERP systems are also enabled to perform calculations, generate GST invoices, and GST Returns in prescribed and meaningful formats, that can be uploaded onto the GST Portal. In short, fulfilling GST obligations is a cakewalk with Focus Softnet on your side.

Focus Softnet’s ERP applications would automate most of your tasks, including those related to GST. The data input into the application is converted into GST format without any extra effort of the user. Focus Softnet’s ERP systems are so enabled to perform calculations, generate GST invoices, and generate GST Returns in standard formats on the click of a button, which can be uploaded onto the common Portal.

Focus Softnet’s ERP systems provide users with enhanced UI as per GST requirements, however they are don’t vary much for the customer experience in doing business and recording the transactions into the application and are not at all complicated. The user can perform tasks normally, and would not experience much changes in the way information is fed into the application. The application is developed and streamlined to the extent that it would convert the information given by the user and automatically prepare it for GST. Moreover, Focus Softnet delivers its ERP applications customized as per the customer’s business requirements so that the user would experience ease of use.

GST is a destination-based tax, the burden of tax being borne by the final consumer. The GSTN, the Goods and Service Tax Network which provides the frontend services of registration, returns, payments, etc. to all taxpayers, will be the interface between the government and the taxpayers for GST compliance. Yet due to variety of taxpayers in the country, GSTN identified the necessity of an eco-system of third-party service providers, who would have access to the GST system and be capable to develop applications for the taxpayer to fulfill all aspects of GST compliance with ease. These service providers have been given a generic name, GST Suvidha Providers or GSP. Focus Softnet is a trusted provider of IT business solutions since 27 years and has an established presence for having successfully implemented business solutions and ERP systems across 17 countries, compatible with their respective tax regimes. Considering its established presence and its tested performance reliability, GSTN has certified Focus Softnet as a GSP (GST Suvidha Provider).

Yes. Focus Softnet as a GSP allows taxpayers who are not using Focus Softnet’s ERP systems to fulfill their GST filing obligations on the GST Common Portal. This will be performed by enabling other ASPs (Application Service Providers) to route the information of their customers though Focus Softnet’s GSP platform, through the use of the APIs. ASP providers would be given access via a special login to fulfill their customers’ GST invoice uploading and return filing compliance aspects, through Focus Softnet’s GSP Portal. Focus Softnet as a GSP (GST Suvidha Provider) is also an intermediary between other ASPs and the GST system. All customer information of the ASPs will be routed to the GST portal through Focus Softnet’s GSP services.