ClearTax launches automated GSTR-9 filing software

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Cleartax’s GSTR-9 solution automates this entire process by auto-calculating almost the entire form.

Bangalore based Financial-Technology platform ClearTax, providing solutions for Income Tax filing, GST compliance and Mutual Fund Investments, recently announced the launch of GSTR-9 filing software, a unique solution that will help CAs and businesses do their GSTR-9 filing in a hassle freeway.

GSTR-9 form is an aggregated summary of all GST returns from July 2017 to March 2018 including amendments and supplier invoices which could be entered till March 2019. businesses are expected to correctly match all 21 months of GST data with their accounting books, identify mismatches and file GSTR-9 accordingly. with the annual return filing deadline around the corner – 30th June 2019, all businesses and CAs are scrambling to match their data and prepare the return. the problem is compounded as the size of business grows and enterprises are struggling to manage the entire process. Cleartax’s GSTR-9 solution automates this entire process by auto-calculating almost the entire form. A comprehensive checklist that smartly identifies issues with the return and alerts the user so that errors are avoided while filing.

CA by profession and Partner at Dhanuka Jalan & Co., Sandeep Kumar Jalan said ‘We chose Cleartax GSTR-9 solution as it highlights problems with the return before filing, this was a critical requirement for us as the return cannot be modified once filed’.

The easy-to-use GSTR-9 software will help the user to

• One-click download of all the returns filed for 21 months
• Compare the turnover and ITC amounts as per books and look out for mismatches
• Go inside each of the tables with the in-built audit trail to each line item in B2B, B2Cs, B2CL, NIL/Exempted, Credit and Debit notes, Amendments, Advances & Adjustments.
• Excel-like software screen for working online and with GSTR-9 form
• A summary table to get the exact additional tax payable if any basis the overall GST liability minus the tax paid amount as per Table 9
• Auto-filling all tables of GSTR-9 as per filed returns including even those tables that are not auto-filled on the GSTN portal
• A simple 15-point checklist to identify potential errors in the GSTR-9 form with suggestions for the tables that need to be updated for correcting the errors
• One click GSTR-9 data upload to GSTN and filing with the new and advanced ClearTax Assistant for GSTR-9

Cleartax also solves core issues faced by users. All GST data for 21 months is available with a single click and matching of GSTR-1, GSTR 2A, GSTR-3B with each other and accounting books is built in. Importantly, Cleartax’s GSTR-9 solution allows the user to audit the government auto-filled values in GSTR-9 form and trace them across individual months and down to the relevant invoices. The entire user interface is on the cloud thereby making it very easy to get started and has an excel like interface.

CA by profession and Partner at Jain M Prasad & Co., Prakhar Jain said “The excel interface supports all functions like control C, control V etc. it makes it very easy for me and my staff to work interchangeably on excel and ClearTax.”

Archit Gupta, Founder & CEO, ClearTax said “Today, CAs and businesses with small turnover are struggling to keep up with the workload. Hence, we have launched a reliable and simplified version of return filing that will help CAs as well as Businesses to file a GSTR-9 in a convenient manner. All they have to do is just click a button to import their data from the government website, answer a few questions about the nature of business, review the GSTR-9 report if needed and then finish filing with a few clicks. We have already done initial tests with a small group of CAs and the markets has shown an outsize interest in our software and have already started filing 1000s of return per day already.”