Indian tax system can be complex, and thus it can be a challenge to the business owners to stay compliant on time, every time. It therefore also comes as no surprise that Indians on average spend 241 hours per year on tax preparation and filing (World Bank Survey, 2016)
But with a little planning, diligent organising — and the use of a robust online accounting system — keeping your business compliant and ever ready to the new taxation landscape can be as easy as snap of fingers.
“With a little planning, diligent organising — and the use of a robust online accounting system — keeping your business compliant and ever ready to the new taxation landscape can be as easy as snap of fingers.”
Giddh is built to handle GST calculations for you. You can set up different GST rates applicable for your business and have your accounting software calculate the tax for each sale and apply it to your invoice instantly. This reduces the chances of making errors in tax calculations.
In your favourite cloud based accounting software, all the details of the customers and the corresponding GST rate are automatically filled in when invoices are created. Giddh also comes with fully customisable invoice templates. This means you can add and rearrange information fields in your invoice templates as needed.
With a direct GST filing option, you no longer need to download a GST sheet and then suffer the hassle of going to the government portal to manually upload it to further file your return.
Now you have the power to simply get redirected to the portal where your GST return file will be automatically added and will be waiting for you to review it. Once you cross-verify these files, you can file them in just a few clicks. Business owners across the country are on their way to enjoy a hassle free, super convenient accounting experience like never before.
By jumping on board to Giddh’s cloud based accounting, you will be able to create an efficient process which will save time and reduce your accounting inaccuracies.
Adapting to cloud based accounting software is not just about being tax compliant; it will also keep you ready for any other changes that you may need to make to your finances in the future. If you are a business owner who wants to automate your accounting, wait no more and sign up today to future proof your accounting.