DG Audit to scrutinise accounting software of service firms to ensure right GST allocation to states
After carefully studying Indian market and accounting norms for close to 18 months and making iterative changes in the software, FADS Corporation in collaboration with Savant Solutions developed a GST compliant Accounting Package for India.
Saurabh Srivastava, Managing Partner - Savant Solutions said, "Package is aimed to enable small and medium size organisations operate without much of trouble. It generates GST compliant invoices and necessary reports within the snap of fingers. This not only saves crucial time when critical decisions are to be made but also is so user friendly that can be operated without much of accounting knowledge. This package can help businesses to become streamlined, systematic and organized - the most important component for growth of any business."
"According to Indian market growth we put the cost INR 9990 for users for one year and Rs. 4990 for Chartered Accountants," added Mr. Srivastava.
Osamu Fujiwara, CEO - FADS Corporation informed, "We designed this package after careful study of Indian accounting system and taking into account our experience of building Japan's first accounting package when Consumption tax was introduced for the first time. We have given end-users practically all the freedom to customise their view, heads and how they want to go about accounting, of course, keeping the accounting hygiene intact."
Tatsuo Wada, President - Hamatomo Corporation said, "We have long association with FADS Corporation in Japan and have seen the product development for Indian market from close quarters. Their products in Japan are known for their ease of operation, customisability and great after sales support. We expect they get the same appreciation from Indian market."
Sameer Chowdhery, Vice President (Global) DMM.com shared, "Sakura Accounting Package is customisable and can be used for various industries. Since, it has been developed with inputs from various practioners from different industries, it promises to address industry specific concerns and take care of specific requirements. Extremely useful for smaller organisation where multi-tasking is the norm of the game.
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