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Technology - the Backbone of GST

In India, technology in taxation system was adopted by the Government in 1990s, when different computer systems were being integrated primarily to automate tax calculation and account keeping. But, in the current taxation system, detecting tax evasion, and loss of tax revenues, duplication and fraudulent claims on input tax against the liability of the seller, and also sellers not furnishing their tax liability are some of the challenges faced by the Government. Also, with billions of invoices to be matched on a monthly basis, India needs a taxation system with an efficient and robust IT infrastructure, that can ensure accuracy through real-time invoice matching capabilities.

In order to overcome this, the GST regime which began on July 1, 2017, has introduced a seamless, and robust state-of-the-art IT infrastructure GSTN server, which will ride on the strength of technology. Its core services will be automating registration, return filing and payments; data sharing between GSTN and tax administrations will be near real-time; integration with various external stakeholder systems will be achieved to minimize data entry and for quick validation. All these are expected to bring serious benefits not only to the tax administrations but also to the taxpayers, with little or no human intervention.

As this new wave of tax system is being implemented in India for the first time, there are various factors that businesses should adopt to welcome GST practices. Businesses must move from their current system to an upgraded, robust GSTN-enabled business application or accounting software such as GreenGST. Software such as GreenGST, will ensure:

  1. Businesses can interact frequently with the GSTN system.
  2. Invoices to be uploaded on the software.
  3. Every line item in an invoice to be recorded separately.
  4. There will be a correlation between every entry.
  5. Invoice matching and other compliance related activities can be achieved.
  6. Speed and accuracy will both be at par in this accounting software.
  7. All tax related tasks ahead will become seamless and efficient.
Simplify your GST Return Filing & Invoicing with GreenGST

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Smart and Secure GST Filing Software Online in India – GreenGST

GST India is a comprehensive tax on manufacturing, sale and consumption of goods and services at national level, under, which no distinction will be made between, goods and services for levying of tax. GST India has subsumed almost every indirect tax, levied on goods and services by the Central and State governments in India.

GST has a G2B portal for taxpayers, to access the GST System, seeking to file their GST returns. However that would not be the only way, for interacting with the GST India Services, as the taxpayer, pertaining to his preference of third party applications, for instance GreenGST, will be able to interact with the GST system, seamlessly, sans any hassle via desktop, mobile and other interfaces.

The Advent of GST has paved way for modern SAAS based software’s, to facilitate your tax filing management. Therefore, to handle the great number of invoices that will be uploaded and GST returns that will be filed, every single day, there arises a great need for reliable GST filing software that will chisel out your GST filing woes, all at once! This is where, innovative SAAS based GST Software, such as GreenGST, wade their way to decongest the scenario of GST filing in India.

GreenGST, a product by Moglix, is a one stop-solution for meeting all your GST compliance needs. We extend our expertise in commerce, manufacturing and supply chain to solve problems related to digitization of supply chain as well as making it GST Compliant. Green GST makes your GSTR filing seamless irrespective of whether you are the buyer or the seller.

GreenGST helps you in reporting, invoice creations, reconciliation and GST filing. Our system will not only keep you GST compliant but it also comes with a dashboard based on daily analytics. It will gently remind you five days prior to the deadlines, so that you can download the report on non-compliant vendors and be safe from the hassle of last minute rush.


Test your GST readiness with this fun and interactive checklist!