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HP India-KPMG launch GST Solution for MSMEs, traders

 New Delhi, May 29 (KNN) HP India along with KPMG today launched "GST Solution", a secure and affordable invoicing platform, for helping millions of traders and micro, small and medium enterprises (MSMEs) migrate smoothly to the GST regime.

"GST Solution" can help users file all their transactions as per the new tax norms in a convenient manner and also reduce the invoice reconciliation requirements of large companies.

Talking to reporters, Sumeer Chandra, Managing Director, HP Inc. India said, "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."

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.

Along with empowering MSMEs, GST solution can also support large organisations enforce a regime wherein their vendors, distributors and dealers are on the GST system, complying with the process and filing their GST returns accurately.

The solution can help indicate loopholes in the ecosystem in the form of a tax credit leak at any nodal point.

HP said there would also be a specialised help desk support having tax experts for GST-related queries and operational assistance via calls, emails and chats