HP, KPMG traders, introduced 'GST Solution' for MSMEs

New Delhi, May 29: With the help of HP India, KPMG, millions of traders and micro-small and medium enterprises (MSMEs) launched a safe and affordable invoicing platform called "GST Solution" to make the new GST regime smooth. "GST Solution" customers will be able to file their transactions in favor of new tax regulations and reduce the invoicing reconciliation requirements of large companies.
"HP has participated in every significant milestone of central and state government's digital journey, starting from printing the first computerised railway ticket to enabling several 'Digital India' initiatives," Sumeer Chandra, Managing Director, HP Inc. India, told reporters here. The end-to-end solution has hardware from HP, GST invoicing software by KPMG, Cloud storage for storing invoice data, uninterrupted GST Suvidha Provider (GSP) access, e-sign, GST registration and migration services.
It facilitates the entire process from inputting purchase invoices, generating sales invoices, managing the input credit ledger and generating reverse charges. The solution also helps businesses receive the tax credit through automatic reconciliation of purchase invoices to ensure a seamless transition to the new taxation structure. "KPMG is proud to assist in advancing the adoption of GST and, in fact, to be associated with all of the signature initiatives of the Indian government," said Arun Kumar, Chairman and CEO, KPMG India.
Apart from MSMEs empowerment, the solution is that bigger vendors, distributors and dealers are dependent on the GST system, in accordance with this procedure and execution of the rule when their GST is sent back accurately. Solution The tax credit at any nodal point indicates loopholes in ecosystems in the form of leak. HP also announced a separate help desk support with tax experts for GST-related questions and functional help through calls, emails and chats.