Economy

GST: ClearTax unveils billbook software to assist small, medium biz

Our Bureau Bengaluru | Updated on January 09, 2018 Published on June 13, 2017

Archit Gupta, CEO, ClearTax



ClearTax, an income tax returns e-filing and enterprise compliance service provider, has launched a billbook software to assist small and medium businesses (SMEs) in the country get GST-ready.

The GST Billbook is a free of cost software platform that works both online and offline and can be used to prepare GST-compliant invoices. It will be available on the company’s Web site, mobile site and a soon to be launched app. With this Billbook, ClearTax plans to reach out to 1 lakh SMEs in the next 90 days and to 10 lakh SMEs across the country over the next 12 months.

“The GST billbook supports key features needed for SMEs such as, creating a sales invoice, recording of discount, freight, insurance and package handling charges. In addition to creating sales bills, it can be used to record purchases and expenses under GST regime. It will also support other documents mandated by GST such as delivery challan, e-way bill, advance payment receipts etc” said Archit Gupta, Founder and CEO ClearTax.com.

“There are about 3 million SMEs in India contributing almost 50 per cent of the total industrial output and 42 per cent of India’s total exports. These SMEs have been highly instrumental in generating employment and ensuring a balanced development across sectors and geographies. The Bill book for SMEs is a completely electronic solution to help these businesses do GST compliance in the simplest manner with minimum interventions” added Gupta.

The GST billbook will automatically identify Integrated GST vs State GST in the invoice and help in curbing the tedious task of uploading to GST Network every month. It can accommodate business scenarios such as operating in different States in India, or engaging in imports and exports or B2B or B2C billing. The software also has the competency to handle debit/credit notes and advance payments.

Published on June 13, 2017

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Sincerely,

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.