India’s leading fintech startup to establish 5,000 centers across tier 2 & 3 cities in the country
Bangalore, July 28, 2017: In a move aimed to help accelerate GST compliance, ClearTax – India’s largest income tax e-filing website for individuals and businesses – has announced the launch of its GST Suvidha Kendra initiative. The ClearTax GST Suvidha Kendra facility will be available across India, with the primary focus on tier 2 and 3 cities. ClearTax is currently recruiting CAs and tax professionals to be a part of these Suvidha Kendras and aims to have 5,000 GST Suvidha Kendra facilities up and running across India by the end of 2017.
There are a large number of small businesses in the country that have never adopted digital tools for financial reporting before. In the GST era, they will need to employ technology to create invoices and file taxes. Experts at the ClearTax GST Suvidha Kendra will help these businesses understand and fulfil a range of requirements for financial reporting and filing returns under GST.
Commenting on the announcement, Mr Archit Gupta, Founder & CEO ClearTax , said, “The Cleartax GST Suvidha Kendra initiative is aimed to ease the compliance burden for the country’s traders and businesses. Our facilities will primarily be located at tier 2 and 3 cities since a vast majority of the SMEs in the country operate out of there. Our CAs and tax experts will be available on ground to provide appropriate information and guidance through the filing process, first-hand.”
The Bengaluru-based fintech startup has undertaken many knowledge-sharing initiatives to make businesses and tax professionals in India GST-ready. The ClearTax GST E-Learning program, launched earlier this year and now available in over 20 vernacular languages, is one of the many steps taken by ClearTax to increase GST awareness in India.
ClearTax has a range of end-to-end solutions for businesses and individuals to make their GST taxation process easier. In addition to the ClearTax GST; a GST compliance solution for CAs, businesses and enterprises, the brand has also launched theClearTax Billbook, an easy-to-use platform that helps vendors generate GST-compliant invoices free of cost.
ClearTax is India’s leading fintech company that offers intelligent software solutions for compliance with direct and indirect taxes. ClearTax is on a mission to simplify people’s financial lives and improve outcomes for businesses by helping them manage taxes and compliance in a simple and smart way.
Here is a brief outline of the company’s offerings –
ClearTax is the number 1 income tax return e-filing software in the country for individuals and businesses.
ClearTax launched India’s first GST compliance & billing software before the formal announcement of GST implementation in the country. Our GST compliance software can be used to file GST returns, perform detailed reconciliations with vendors, claim input tax credit seamlessly, handle ISD, TCS and other complex scenarios. ClearTax is India’s number 1 website for understanding of GST and its impact. We also offer intensive online training on GST, with already 1lakh trainings done and more underway.
ClearTax provides end-to-end assistance to startups, from incorporation and initial compliance to daily tax-related issues.
Over 20,000 CA firms and thousands of businesses across India use the ClearTax platform for Tax & TDS returns. Thousands of employers use ClearTax to generate Form 16s.
ClearTax also helps individuals make smart decisions about investing and tax saving.
ClearTax was founded by Archit Gupta along with his father Raja Ram Gupta, Srivatsan Chari; and Ankit Solanki in 2011. Archit, co-founder & CEO, is an IIT Guwahati alumni with a BTech in Computer Science. He holds a Masters in Computer Science from the University of Wisconsin-Madison.The company has 400 employees and is headquartered in Bangalore, with presence in Delhi, Mumbai and Hyderabad.
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, Vijay Shekhar Sharma and Naval Ravikant as it’s investors.
Company Website – https://cleartax.in/