Pune: Avalara Inc, an Application Service Provider (ASP), on Tuesday announced the launch of Avalara TrustFile GST, a tax compliance automation solution for the Indian enterprises.
The company has partnered with authorised GST Suvidha Providers (GSPs) Alankit Limited and Excellon Software.
As an ASP, Avalara will provide an automated system for businesses to upload invoice data of sales and purchases, reconcile and automatically generate their GST reports.
These GST returns will then be automatically filed on behalf of the filer with GSTN via GSP. Avalara as an ASP will act as a link between taxpayers and the GSPs.
Gautam Mukherjee, General Manager, Global Delivery, Avalara, said, “GST compliance is hard, but Avalara TrustFile GST is an advanced tool that improves compliance accuracy, offers scalability and data
security.”
He added, “Data retrieval from current systems is a critical task and Avalara is offering pre-built connectors to leading accounting, ERP, e-commerce and other business applications.”
Key features
- Easily retrieves data from a company’s enterprise resource planning, accounting system or e-commerce platform
- Automates returns preparation and filing of GSTR 1 to 11
- Validates incoming data and flags corrections
- Classifies and allocates Input Tax Credits
- Supports multiple GSTINs to handle multi-state filing or multiple business units
- Configurable auto-reconciliation with built-in intelligence
