HP and KPMG Joins Hands to Offer GST Solution to Traders and MSMEs

HP India in collaboration with KPMG brings a comprehensive, secure and affordable “GST solution” to help transition millions of traders and Micro, Small & Medium Enterprises (MSMEs) to Goods and Services Tax (GST) regime. “GST solution” has the capability to support users to file all their transactions as per the new tax norms in a convenient manner and also reduce the invoice reconciliation requirements of large companies. Ensuring business continuity to users, HP will also enable specialized help desk support of tax experts on call, email and chat for GST related queries and operational assistance.
The end-to-end solution comprises of hardware from world's leading PC brand - HP, GST invoicing software by KPMG, cloud storage for storing invoice data, uninterrupted GST Suvidha Provider (GSP) access, e-sign, GST registration and migration services. The solution facilitates the entire process from inputting of purchase invoices, generation of sales invoices, managing the input credit ledger, and generating reverse charges. The solution also helps businesses receive the tax credit through automatic reconciliation of purchase invoices to ensure a seamless transition to the new taxation structure.

In addition to empowering MSMEs, the solution can also support larger organisations enforce a regime wherein their vendors, distributors and dealers are on the GST system, complying with the process and filing their GST returns accurately. The solution can also help indicate loopholes in the ecosystem in the form of a tax credit leak at any nodal point. The solution acts as a unified platform that can ensure ease of invoice generation and reconciliation across vendors and sub-vendors in the ecosystem.