Over 1.10 crore MSMEs, Traders to Get Freedom from GST Complications
INVC NEWS Mumbai,
Logo Infosoft, a technology leader in providing GST compliant business solutions to MSMEs in India, has announced the launch of its easy-to-use mobile ERP application ‘Vyapari’ for SMEs, MSMEs and trader community, that facilitates recording and processing of all kinds of accounting transactions. Like all products of Logo Infosoft, Vyapari is GST compliant. This user-friendly application, delivers seamless processing of business data, providing accuracy for chartered accountants (CAs) to file taxes in a timely manner.
After free download of this app on their existing Android or Apple based mobile phone, the users simply have to register their GST number and start selling and purchasing. Once active, Vyapari, takes care of all inward and outward processes including purchase order, sales invoices, material dispatches and accounting entries that get performed under strict compliance. The app allows to generate statutory reports recommended by GSTN to file GSTR. This app also has a built-in barcode scanning system which takes care of managing inventory accurately.
Vyapari data is 100% secured where only the authorized users and their approved CAs selected by you can access the information, taking care of access rights and required security protocol. You can easily change list of authorized users.
The Company is targeting to enable SME and MSME clients from all markets, including Tier II and Tier III cities. Looking at the upcoming Independence Day, Logo Infosoft is offering this app for an affordable introductory price Rs 499/- per month, where up to 5 users can have freedom from GST related issues and concentrate on the business. The Company is also in the process of tying-up with payment gateways for further easing transactions.
Vyapari, is another flagship product of Logo, which is a technology leader known to provide similar solutions to its lakhs of customers in Eastern Europe. Logo entered India coinciding with GST introduction and elegantly solved GST complexity guided by the phrase ‘ZERO TENSION’. The Company is already known for its expertise in providing GST friendly solutions, especially for SMEs and traders.
Commenting on the launch, Mr Vinod Subramanian, CEO, Logo Infosoft Business Technology Pvt. Ltd. said, “India has seen a jump of registered MSEs and MSMEs from 50 lakhs to 1.10 crore and the Government expects the number to cross 3 crores in next 2-4 years. Although the government is doing its bit to ease the procedural issues, there has always been a need for a solution like Vyapari to help small & micro businesses to take care of GST related compliances so that they can run their businesses in a smooth and efficient manner. Even if 5% of the current number of businesses use the solution, it will boost the overall productivity in India by leaps and bounds.”
The Indian GST and tax regulations are modelled like European systems. Logo has the experience of catering to the requirements for SMEs, micro companies in Europe. Every year, Logo files over 130 million of taxation filings for lakhs of customers across Europe. Adding further to this, Vinod said, “Small business owners need very affordable and simple-to-use technology tool without the need to understand the GST. They need the confidence that by using this solution, all their GST requirements would be met without hassle. Besides accounting and taxation filings, Vyapari also helps in audit trials and can provide all the necessary data when required.”
Commenting on the launch, Mr Hemant Patil, Chief Sales Officer, Logo Infosoft Business Technology Pvt. Ltd. said, “Vyapari is a user-friendly mobile app that simplifies daily operations for shopkeepers and traders. We are building an ecosystem for our customers where they can concentrate on growing their businesses and Vyapari takes care of recording their transactions. We have designed this app by understanding the requirements and challenges faced by this growing businesses, especially new entrants and first-time users vying to enter in to the digitised economy, and accordingly ensured it resolves all taxation issues without any additional expense. On the other side, we are also trying to make lives easier for CAs and accountants by giving them access to user data on timely basis (real-time if they wish). We are offering freedom to first time ERP users from all possible entry barriers like low price, zero implementation, no extra hardware/software/maintenance/skills. Accurate and timely filing of monthly tax returns make all business 100% GST compliant. Vyapari will contribute towards Digital Transformation of Indian business community and help mass adoption of GST regime.”