To provide GST software to assist professionals and businesses to transition seamlessly
to the new tax regime
Bangalore, 2017: The indirect taxation landscape in India is set to undergo a historical change with the roll-out of the Goods and Services Tax from July 2017, impacting businesses across the country. ClearTax, India’s largest Income Tax returns e-filing and enterprise compliance service provider trusted by over 1.5 million users, has launched its GST e-learning kit to educate the business community and make over 2.5 lakh CAs and Tax Return Preparers GST-ready and help them serve over 1 crore businesses.
ClearTax’s GST training will be imparted through e-learning modules that include10 hours of high quality videos, 20+ real world examples to study implications, 50+ online webinars, 20+ quizzes to practice concepts, and100+presentations and articles on GST. ClearTax has created the course content in collaboration with indirect tax experts having over 20 years of experience and has partnered with e-learning portals Udemy and Chalk Street for distribution of course material through their online learning resources. After the completion of the 3-week long course, trainees will give an online certification exam of 2 hours with 75 questions and would be required to score at least 70% marks to pass. Trainees will receive a GST certification upon passing the exam, qualifying them as official GST-compliant accountants and auditors.
Commenting on the launch of the course, Mr Archit Gupta, Founder & CEO, ClearTax said, “Theimplementation of GST will create a level-playing field for chartered accountants across the country. It presents a unique business opportunity for those well-versed with the system to take the lead and help businesses migrate to the new tax regime. ClearTax’s GST kit for CAs is an all-in-one package with a comprehensive and structured training and will equip them with the best software for end-to-end GST compliance and online CA profiling to help grow their practice following the GST roll-out.”
Once the new tax system is in effect, each business will be required to file a minimum of 37 GST returns in a financial year. ClearTax’s GST software will provide end-to-end support and solutions and help professionals make their taxation and return filing processes quicker and more efficient with tech support. The software will also assist chartered accountants migrate their clients’ business accounts to the platform, pull data from old software platforms and get them GST ready. The real-time collaboration with clients will help CAs view the status of pending returns, credits etc.
Started in 2011, ClearTax aims to simplify financial lives of Indian taxpayers, both Individuals and Businesses.
ClearTax is India’s leading tax filing platform. ClearTax is used by over 2 Million Indian Taxpayers to e-File their Tax Returns making it India’s largest player in the space. Taxpayers just have to upload their Form-16 PDF, and their Tax Return is prepared automatically by ClearTax software within seconds. ClearTax is heavily investing in products and services for GST filing and compliance.
Besides Individuals, over 10,000 CA firms and thousands of businesses across India use the ClearTax platform for Tax & TDS returns. ClearTax provides a platform for startups to launch and manage their businesses. ClearTax also provides all tax compliance services for B2B’s and SMB’s.
ClearTax was founded by Archit Gupta along with his father Raja Ram Gupta, a Chartered Accountant; Srivatsan Chari; and Ankit Solanki. Archit, co-founder & CEO is an IIT Guwahati alum with a BTech in Computer Science. He holds a Masters in Computer Science from the University of Wisconsin-Madison.
ClearTax is Y-Combinator’s first India focused investment. ClearTax raised $12 Mn in Series-A round of funding from SAIF Partners in 2016. It also counts Sequoia Capital, Max Levchin, Scott Bannister, Neeraj Arora, Ruchi Sanghvi and Naval Ravikant as it’s investors.
Company Website – https://cleartax.in/