Taxmann, a New Delhi-based authorised GST Suvidha Provider (GSP), on June 28, unveiled its GST compliance software, ‘One Solution’ in Hyderabad. There are 34 GSPs in India and they are entitled to provide essential solutions like registration, return filing, payment of taxes, ledger maintenance, through their secured network.

One Solution is an integrated software for all GST, income-tax and TDS (tax deducted at source) compliances and it primarily caters to the MSME sector. Taxmann would charge an introductory annual fee of Rs 8,500 for this software.

Launching the One Solution software, Piyush Kumar, CEO, Taxmann Technologies, said, “The implementation of GST will increase the compliance for companies and all invoices should be as per the requirements prescribed in the GST law. Keeping in mind the increased compliance and monthly returns that a company needs to file, we created ‘One Solution’ which covers buyer master, supplier master, goods and services master, branch master and bank master with a facility to import from excel. The software will give sufficient time to the taxpayers  to  configure their systems and create the required masters for GST.”

This apart, the company has also created a platform to help chartered accountants, company secretaries, cost accountants, advocates and tax practitioners to make a smooth transition to the new tax regime.

Source: Times of India