Lakhs of micro, small, and medium-sized enterprises (MSMEs) in India have a reason to cheer. Businesses below Rs. 1.5 crore turnover can start using the government-endorsed small-business accounting software -Vyapari absolutely free.
Introduced under the specific partnership of Goods and Services Tax Network (GSTN) with solution providers, Vyapari is validated through stringent evaluation criteria for quality and ease of use. Simple and easy to use software, Vyapari automates the complete accounting and compliance process of MSMEs from billing until GSTR filing. The product is also available at Rs 6,000/- for a year for 5 user access license.
For GST registered taxpayers, Vyapari offers automation features such as day-to-day billing, accounting, inventory management, return filing, and reporting for improved compliances. The product features Sale/ Purchase/ Cash Ledger, Inventory Management, Supplier/ Customer Masters, Generation of Invoices, and Preparation of GST Returns. By simplifying GSTR filing processes, Vyapari may encourage more and more MSMEs to embrace GST. Vyapari is available through a mobile app as well web browser, is available on POS devices like mSwipe and Watchdata, offers special access for CAs and offers integration with open banking networks.
Gautam Mahanti, Business Head of IRIS GST, said “India has a vast pool of MSMEs that employs 40% of the country’s workforce, controls 37% of her GDP and contributes nearly 43% to her exports. Being a leading GST Suvidha Provider (GSP), we are thrilled to offer our globally-acclaimed and GST-ready accounting automation tool to MSMEs. We hope our small step will go a long way catalysing a new wave of digitalisation in India’s MSME segment.”
Vinod Subramanian, CEO, Logo Infosoft,comments “Logo brings in leading SME automation software from Europe to India. We are happy to offer our premium MSME-focused ERP software Vyapari to eligible taxpayers–free of cost. We are proud to whole-heartedly support this ambitious scheme by GSTN and contribute to India’s new, forward-thinking government’s digitalisation mission.”
IRIS Business Services is a premier structured data solutions company and leading GST Suvidha Provider (GSP) appointed by GSTN. Logo Infosoft, an established IT solution company, is the owner of Vyapari brand. Under this initiative, together, they are introducing a free version of globally-acclaimed, GST-ready Vyapari software for the benefit of India’s MSMEs. The companies with their annual turnover of under Rs 1.5 crore in the previous financial year can register under this free-usage benefit. The free version is available to all the eligible active regular taxpayers, SEZ Developers, SEZ Units as well as the taxpayers that have opted for composition scheme under the GST regime.
Logo Infosoft is the leading provider of SME solutions with its origins in South Eastern Europe, and is uniquely positioned for its proven leadership in SME accounting software products and GST ready solutions. Logo processed 180 million+ eInvoices last year making it a leading player in GST solutions, and also received the coveted “Big Star” award in Deloitte Technology Fast 50 programme in 2018. In Turkey’s Top 100 Brands survey, Logo was ranked as 71st across all categories and No 1 brand in the IT category.
