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Note: This blogpost is meant for tax practitioners and tax consultants. Even business owners will find this post interesting.
Many businesses in India have been used to recording bills in a manual way. This continues to this date even though the country has moved on to the digital era. Considering the fact that the establishment of GST in India primarily aims to digitize the economy, must the practice of manual billing still continue?
If you are a tax consultant, you might still be dealing with clients who record business transactions manually and share data in physical forms. Due to this, you have to firstly undertake the cumbersome task of digitizing the data before even engaging in activities for preparing and filing their GST returns. In this blogpost, we will reflect on the problems you face, and provide reasons to encourage your clients who do manual billing to start using a GST software for mutual benefit.
A single erroneous entry can lead to rejection of that transaction in the GST portal. Correcting errors, and uploading returns again is a hassle and time consuming.
It is time to adopt to the digital era! We recommend that you educate and guide your clients who is billing manually, to choose a software that makes it convenient for both of you to achieve GST compliance and file GST returns correctly. Correctly filed GST returns means right credit and happier customers for your clients.
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