'One Solution' for all GST, income tax compliance

Taxmann, an authorised Goods and Services Tax (GST) Suvidha provider with the domain expertise of over five decades, has upgraded its GST compliance software as 'One Solution' with simplified invoicing system. 'One Solution' is for all GST and income-tax compliance.

The core mantra 'One Nation, One Tax, One Market' is the foundation on which the government has worked upon and similarly Taxmann is supporting the Government by helping the economic agents of the nation by making them GST compliant.

Under the GST legislation, compliance is crucial for the working of the GST module.

'One Solution' provides the facility to pre-define the invoice fields and to remove the irrelevant fields from the invoice screens.

It also promises to provide one single solution to the firms with the freedom to configure the invoices formats as per their business or professional needs.

For all the documents under the Tax Invoice, Credit and Debit Note Rules, 'One solution' is the platform through which all the taxpayers can create all the documents with ease.

'One Solution' offers multiple approaches to input the data of outward supply.

The first option is to directly generate the invoice from the software using the invoicing module of the software.

Another option for the users of existing accounting software/ERPs or taxpayers maintaining the sales details in excel sheet format is that they can directly input the data of outward supply in the software using the sales register screen using copy paste function or can import the data from excel using the mapping facility in the software.

To generate invoice with help of 'One Solution', one needs to create an invoice number series or even the use of predefined numbering series would work.

'One Solution' can generate invoice for domestic supply, exports, debit notes, credit notes, advance receipt vouchers and ISD invoices.

Major invoice templates have been predefined by Taxmann, which are equipped for use and creation of all types of invoices.

According to the type of invoice, whether domestic or international; the required details like buyer name, e-commerce operator name, consignee name, place of supply, address/place of delivery, details of goods/services, value of supply, discounts, etcetera can be filled and appropriate invoices can be generated with ease.