PwC launches software for GST compliance

Consultancy major PwC India today said it has launched a customised software solution to provide end-to-end automation of GST compliance.
The Goods and Services Tax (GST) will be implemented from July 1.
"This software will help automate month-end tax compliances and reporting for companies with options for interfacing with multiple enterprise resource planning (ERP) environments," it said.
The software solution has been developed by PwC. The firm said the software has been used very successfully and extensively in Europe and other parts of the world.
Pratik Jain, Partner and Leader Indirect Tax, PwC India, said that under GST, most companies will move towards a managed tax compliance model, wherein all the filings would be done centrally.

"Today's tax tools may be inadequate in catering to the needs of tomorrow's technology-driven GST compliance requirements and this would be a big challenge for corporates," he said.