Intuit QuickBooks has launched a Goods and Services Tax (GST) ready version of its online accounting product to help Indian businesses run their business as usual and be compliant with the new tax requirements.
“QuickBooks is in India for India.” Customized for Indian small businesses, QuickBooks makes it easy for small businesses to track cash flow, create invoices, record expenses and auto-categorize income or expenses with the Online Bank Connect feature. Additionally, QuickBooks is designed to help businesses keep more of what they earn as they are able to match their expenses with the supplier invoices and save money with input tax credit.
GST is one of the biggest inflection points in the history of business in India. It’s expected to help ease doing business in India by simplifying taxes under its theme of “One Nation, One Tax. One Market.” GST shall enable digitization of the business workflows and more businesses will adopt automation as they are required to maintain and file all invoices generated.
“Intuit QuickBooks is the only accounting software in India that has experience of successfully rolling out GST-ready software in International markets,” said Nikhil Rungta, Managing Director, Intuit India. “All businesses in India using QuickBooks will be seamlessly transitioning to GST without any extra charges or additional downloads. Over the last five years, Intuit QuickBooks has helped thousands of small businesses in India stay in complete control of their finances and accelerate the growth of their business. Our vision is that with QuickBooks, July 1 will be business as usual for our customers in India. Small business owners can focus on their business instead of worrying about the impact of GST on their business,” he added.
Intuit launched QuickBooks in India in 2012. Known as an employer of choice, Intuit is ranked No.1 in Great Places to Work and Economic Times India’s Best Companies to Work for 2017. The company has been working on making their software GST ready in India for over a year now and have been helping their customer get ready for GST with their unique Get-Set-Take-off (GST) Program.