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4 Ways Start-ups Are Hopping On The GST Bandwagon

With the Goods and Services Tax (GST) which is thus ready in order  to roll out on July 1, industries which thus are across the country are thus reassembling their processes in order  to create the desired impact of GST. With the  confusion and more work at their end, they thus once again have start-ups to their rescue.

Be it the  entrepreneurs that are thus already in the taxation field or the newcomers who are  welcoming the bill, start-ups are thus  going all out in order to help in the smooth transition.
The purpose of this article is to make the reader aware of the 4 ways start ups are hopping down the GST bandwagon .
GST will thus  turn out in order to be a tax reform of an  unprecedented magnitude. It however  plans for 16 taxes to be subsumed within the  GST. A lot of indirect which are  levied  such as the  Entry tax, Octroi, state VAT levies will thus  go away and the  states will also  lose power in order to levy tax at will. A reduction in the number of taxes directly would thus translate to fewer compliances, which will however  impact ease in the  of doing business positively. Some of the  states have however  been guilty of making it difficult for thus  starting a new business without it attracting an aggressive form of state levies. This will go however  awa.
The ways through which these startups are hopping on the GST bandwagon are :-
# 1 Technology will thus help in order to  push GST
With the  technology which is  shaping up the way the startups function, it’s however  also going to give GST a boost, allowing the entrepreneurs in order  to lead the way with the latest in the tech world.
Technology will however  be considered as  a cornerstone for the success of GST. In general,  the returns which are however electronic and the  registration, which is thus  fully online and reduction in the physical form submission augur well for the  businesses in India.
# 2 Timely Launch Of the  Products
Keeping in mind that the roll out of GST is however from July 1, entrepreneurs are thus  quickly turning around their business schedules in order  to launch the  products that are however  aligned with GST.
Meanwhile, LegalRaasta has  is build a cloud-based intelligent, automated GST software that however  gives one  the ability in order  to interact with the vendors from within the system. It also  raises and then communicates the  errors immediately. It also  has predictive solutions built in to the software in order  to allow the  positive business impact and also  error-free filing.
# 3 Using the Artificial Intelligence and Machine Learning
With the  Artificial Intelligence and the  Machine Learning as their armour, start-ups are however  marching ahead in the GST game.
# 4 Focus On the SMEs And MSMEs
While the corporate sector can however  swiftly transition into the use of GST, it is thus the SMEs and MSMEs which will however need attention.
MSMEs are however usually one step behind when it thus  comes to technology and the  system implementations. Their organizations are thus not always structured, so it thus  becomes even more important in order  to maintain their invoices.
Legal Raasta , an online web portal which provides more than 100+  legal services has built however  an extremely easy-to-use and an intuitive software. This will thus allow a person with the  basic internet knowledge of, for example an email client, in order  to use the  software for their business.
However , the founders of LegalRaasta a startup which provides legal services aims at easing the difficulties related to GST by providing many services . Choosing LegalRaasta is beneficial as:
1. It has , 30+ offices in India
2. It has 10+ years experience
3. It helps to save your time
4. There is a cash back guarantee
Some of the services which it provides are :
3. Registrations - DSC, Trademark, Patent , Copyright
It thus also provides many more services .


This article has been contributed by Simmi Setia, Content Writer at LegalRaasta, an online portal for GST Software, GST Return Filing, GST Registration, Section 8 Company Registration, Nidhi Company Registration, IEC Registration, Fssai License, File ITR Online.

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