e-invoicing and e-way bill ready ERP for SMEs

KOLKATA, India - Nov. 3, 2022 - PRLog -- Expand smERP India's best fit ERP software for small and medium exporters and, manufacturers are all set to help you bring change in financial systems along with the nation, as progress and upscale development is their primary goal. With the best fit ERP software, e-Invoicing becomes an easy task to overcome. The good news is, that it is easiest to automatically file an e-Invoice with the ERP software which has all the compliances fit in as per any company requirements. Expand smERP is said to have achieved several seamless and easy business automation with state-of-the-art e-Invoicing software integrated into its system.

The benefits of the e-Invoicing System are many, for example:

1.  Better taxpayer services - One-time reporting on B2B invoice data in the form it is generated to reduce reporting in multiple formats. Sales and purchase registers and E-way bills can also be generated by using this format. There is also a substantial reduction in input credit verification issues as the same data will be reported to the tax department as well as to the buyer in the inward supply (purchase) register. On receipt of information through the GST System as the buyer can do reconciliation with his Purchase Order and accept/reject in time under New Returns.

2. Goods and Services Tax (GST), a major reform in the field of indirect taxation, was implemented almost 3 years ago and the technology vertical appears to be still in the growing stage. The GST laws are getting structured and reformed with each GST Council Meeting in order to make them more feasible. And, this is evident that managing GST compliance is very much dependent on technology. With e-invoicing, taxation becomes an easier task.

3. All the key aspects starting from generating e-invoices, and GST registration to the filing of the return, raising of e-waybill, filing of the refund claim, etc., and the inter-relating of all these aspects on the PAN India basis is dependent on technology. Therefore adopting to change the system to an automated one is inevitable for growth.

Digitalization has leveraged the need for best-in-class technology in managing GST compliance. However, even after all the efforts made by the government, enterprises are still facing issues with GST, e-way bills, and e-invoicing. To avoid wasting your precious time and money and investing in any run-on-the-mill software, implement Expand smERP (https://www.expanderp.com/), the best ERP solution in India for small and medium manufacturers and exporters.