With an aim to support the government's GST initiative and to make every Indian SMEs/MSMEs GST compliant, a revolutionary easy to use, need of the hour GST solution "GSTmadeeasy" is soon to be launched, with end-to-end business solution for MSMEs/small traders to deal with digitizing requirements mandatory under the new GST regime.

CAIT has said that GST is a technology driven taxation system which requires mandatory compliance through digital technology only. And, nearly 60 percent of small businesses in the country have yet to adopt computerisation in their existing business format.

CAIT further states that half of the nearly six crore small businesses fall under the threshold limit of Rs.20 lakh and do not require registration under GST. Another about one crore traders may opt for 'Composite Scheme' but will have to get registered under the new tax regime. Remaining about two crore small businesses do not fall under any indirect tax law and will have to comply with the new rule mandatorily.

Ravi Shankar Rao, Co-Founder and CEO of GSTmadeeasy said "It is saddening to see the present scenario of the small businesses who are running from pillar to post, mainly because of lack of technology awareness and preparedness on GST, its daunting cost and moreover the clarity on GST rules and regulations to generate and file regular monthly/quarterly returns."

"It is shocking and disheartening to see that all the so called GST solutions floating in the market are just cloud based software package / ERP solutions, which mandatorily requires a hardware which could mean a substantive captive investment for a small business, and furthermore, computer software knowledge/awareness to operate upon such ERP Solutions. The next technological challenge could be of getting online to run any such cloud based solution. On the contrary, the practicing GST professio ..

On the best of the scenario's and that too, for a developed nation, such solutions might be the right solution. But, for a still developing and a growing nation like that of India, we are still far from that reality, especially when we talk of tier 2 and tier 3 cities and moreover the challenges and limitations of mobile data connectivity in those densely and thickly populated markets deep inside the walled city of Delhi's Chandani Chowk, Khari Baoli, Sadar Bazar and many more over pan India are ..