A GST compliance tool that can ensure flexibility for future changes can help you maintain improved compliance rating in the long run

1. Significance Of Flexibility For Future Changes
In GST Software

2. 2Copyright GST Keeper @ 2017
The dawn of new era of taxation in
India
With the introduction of GST, India
maneuvers into a new taxation system. The
new taxation system is expected to cure all
the ailments existing in the current taxation
system, and it paves way for improved tax
administration framework as well.

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How will GST change the compliance
strategies of taxpayers?
It is quite clear that during GST era, all the functions
associated with adherence and compliance would be
automated, and therefore, it is quite clear that taxpayers
in the country have to re-structure their compliance
strategies. Not only would they need robust GST software,
but they shall also require more streamlined compliance
framework that can help them maintain strict adherence
with the new regulations.

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Some crucial features of a robust GST
compliance software
As all the compliance and adherence
functions in GST era will be automated, it is
quite crucial to choose a software that can
enable you to maintain high compliance
rating in the new regime. Some of the most
crucial features that one must look out for in a
GST compliance software are:
 Seamless integration with existing ERPs
 Third party’s compliance tracking and
management
 Flexibility for future changes
 Maintenance of return filing archives
 Additionally, it must be ensured that the
software is easy to use.

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How important is the flexibility for future
changes in GST tool?
Although taxpayers in India are quite
prudent to choose the most suitable
software, but they have yet not
comprehended the significance of
flexibility in GST compliance software. One
must know that GST system might attract
numerous legislative changes during initial
days. In this circumstance, if your tool
does not ensure enough flexibility, then it
can hamper your compliance rating
lengthily.

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Benefits of a flexible GST compliance tool
There are numerous benefits of a flexible GST
compliance software, and some of those are:
 Enhanced agility as per changing
guidelines
 Improved compliance rating in GST era
 Reduced compliance cost in GST regime
 Maintain distance with upshots of non-
compliance

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Enhanced agility as per changing
guidelines
Once you start using a futuristic GST
software, it will help you maintain
enhanced agility as per changing
guidelines in the most adept manner.

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Improved compliance rating in GST
era
A GST compliance tool that can ensure
flexibility for future changes can help you
maintain improved compliance rating in the
long run, and therefore, one must prudently
look out for this feature while selecting any
GST tool.

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Reduced compliance cost in GST regime
Needless to mention, if your GST compliance
tool cannot be updated in accordance with
latest legislative changes, then it will expose
you to increased compliance cost. On the
flipside, a flexible GST compliance software
helps you maintain distance with such
expenditure.

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Maintain distance with upshots of non-
compliance
Last but not the least, a compliance tool that has
the flexibility for future changes can help you
maintain safe distance with any upshot of non-
compliance in new taxation era.

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Conclusion
It is quite unfortunate that
taxpayers in India are not that
much specific about the flexibility
factor in GST accounting software.
They must know that this factor
deserves special attention while
selecting a robust GST Software.

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