Monday, 12 June 2017

Destination GST



GST Software in India
Strong team of 150+ professionals
Our team of GST consists of experts having extensive experience in the field of Indirect Taxation.
Industries we cater -
Pharmaceutical, Chemical, Engineering, Plastics, FMCG, Life Sciences, Infrastructure Development and Garments.

GST will eliminate the cascading effect and will reduce the time, cost and effort needed in traditional taxation system and will increase productivity, transparency and profitability.

As the Indian Govt. has already revealed that the returns and registrations under the GST regime will be carried away online and so the requirement of a good user-friendly software will be much needed. The company is preparing more software modules in such a way that the GST tax filing and billing work can be made faster and easier while everyone knows that the return filing under the GST will be done online.


In the table below, we have provided details of all the returns which are required to be filed under the GST Law.

Sr.No
Form Number
Description
1
GSTR-1
Details of outward supplies of taxable goods and/or services effected
2
GSTR-1A
Details of outward supplies as added, corrected or deleted by the recipient
3
GSTR-2
Details of inward supplies of taxable goods and/or services claiming input tax credit
4
GSTR-2A
Details of inward supplies made available to the recipient on the basis of FORM GSTR-1 furnished by the supplier
5
GSTR-3
Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax
6
GSTR-3A
Notice to a registered taxable person who fails to furnish return under section 27 and section 31
7
GSTR-4
GST Quarterly Return for compounding Taxable persons
8
GSTR-4A
Details of inward supplies made available to the recipient registered under composition scheme on the basis of FORM GSTR-1 furnished by the supplier
9
GSTR-5
Return for Non-Resident foreign taxable person
10
GSTR-6
ISD return
11
GSTR-6A
Details of inward supplies made available to the ISD recipient on the basis of FORM GSTR-1 furnished by the supplier
12
GSTR-7
Return for authorities deducting tax at source
13
GSTR-7A
TDS Certificate
14
GSTR-8
Details of supplies effected through e-commerce operator and the amount of tax collected as required under sub-section (1) of section 43C
15
GSTR-9
GST Annual return
16
GSTR-9A
Simplified Annual return by Compounding taxable persons registered under section 8
17
GSTR-9B
GST Reconciliation Statement
18
GSTR-10
GST Final return
19
GSTR-11
Details of inward supplies to be furnished by a person having UIN


All these returns are required to be filed digitally online through a common portal to be provided by GSTN, non-government, private limited company promoted by the central and state governments with the specific mandate to build the IT infrastructure and the services required for implementing Goods and Services Tax (GST).

Thursday, 8 June 2017

GST Ready ERP software

GST will be reality in India from 1st July 2017.
Proteus is ready with a GST patch, which can be deployed in the existing systems to facilitate transition of organisations to GST. Proteus ERP softwares Global Taxation module with small configuration changes ready for the GST. 

In past with help of our global taxation module we were able to roll-out the software to our UK client doing business in EU. We have hands-on experience tweaking our software to different needs of different countries. We have been the number one choice of SMEs in Pharma and FMCG sectors. We are proud to say that we are GST complaint.

Proteus ERP is first GST ready ERP software that is already being tested by our existing customers and is helping them become GST ready.

The GST implementation process would consist of:
A) Deployment of Proteus GST patch.
B) GST Masters configuration.
C) Start invoicing.
D) Deployment and Configuration  of GST Compliance patch.which will provide  Interface with GST Network (GSTN) for filing returns.
GST ready ERP software
 
We are committed to doing our best in helping GST rollout in India. Contact us today for a demo of our GST platform!

Wednesday, 7 June 2017

GST rollout in India


We are committed to doing our best in helping GST rollout in India. Contact us today for a demo of our GST platform!

Proteus will help you totally comply with the new GST laws and regulations. It will do everything to ensure you apply the right rates, raise correct invoices, claim the right input credits, and file correct returns.
There are over 20 types of GSTRs under the proposed GST structure in India.Our team works round the clock to keep itself up to date about latest law changes and updates by GSTN to the technology infra. Of the 8+ million businesses in India that would come under GST beginning 1st July 2017.

The GST implementation process would consist of:
  1. Fine tuning of the business processes involving indirect taxes
  2.  Restructuring of pricing and tax configurations in line with the GST requirements
  3. Changes to the chart of accounts and account determination
  4. Modification to custom developments, forms, reports and interfaces
  5.  Modifications to the master data, mainly materials, vendors, customers and pricing conditions
  6. Migration of the open sales/purchase transactions
  7. Revaluation of stock and available tax credits in line with the GST law
  8. Interface with GST Network (GSTN) for filing returns.