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Global leader in tax automation to offer cloud-based solution for compliance with new Indian regulations

Avalara, Inc., a leading provider of cloud-based tax compliance automation, today announced the launch of AvalaraTrustFile GST in India to help businesses and tax practitioners easily achieve and maintain compliance with the country’s new Goods and Services Tax (GST) law implemented July 1, 2017.

The new national indirect tax regime makes India a unified common market and establishes GST as the single tax on the supply of goods and services, spanning manufacturer to consumer. The GST system replaces the prior indirect tax regime of multiple cascading taxes levied by Central and State governments. While the new unified system is expected to ease the burden on the consumer and make doing business in India more appealing for foreign companies in the long term, the immediate impact falls to millions of businesses throughout India, and international companies selling into India, to find a solution to comply with the new rules.

Avalara has been named an Application Service Provider (ASP) and is partnering with authorized GST Suvidha Providers (GSPs) in India — including Excellon Software— to offer businesses AvalaraTrustFile GST, its automated GST compliance solution. The partnerships leverage Avalara’s experience as the only authorized ASP that has automated GST in both Canada and Brazil — two other countries currently usingGST — where Avalara already helps hundreds of companies stay compliant.

Vishnu Tambi, CEO, Excellon Software: “Avalara is an established expert in GST and VAT in other countries where it currently supports hundreds of businesses with their indirect tax requirements. Therefore, in our nation’s transition to a new digital compliance system, we trust in its expertise and accuracy for our businesses. Avalara and Excellon will help finance teams comply with GST with automated tools and analytics.”

“Avalara identified India as a priority market 10 years ago, and we are excited to continue our expansion in one of the world’s fastest growing economies,” said Scott McFarlane, Avalara co-founder and CEO. “With the implementation of the Goods and Services Tax and digitized return filing process in India, companies in India or selling into India need an efficient solution to comply with the new regulations. GST compliance is challenging, but AvalaraTrustFile GST is a proven tool that improves compliance accuracy and efficiency for customers.”

AvalaraTrustFile GST

AvalaraTrustFile GST is secure cloud-based software that provides end-to-end reconciliation and enables businesses and consultants to prepare and file timely GST returns.

Key features of AvalaraTrustFile GST:

  • Automates returns preparation and filing of GSTR 1 to 11
  • Easily retrieves data from a company’s ERP, accounting system, or ecommerce platforms
  •  Validates incoming data and flags corrections
  • Classifies and allocates input tax credits
  • Supports multiple Goods and Services Tax Identification Numbers (GSTINs) to handle multistate filing or multiple business units
  • Provides configurable auto-reconciliation with built-in intelligence

An IT ecosystem that incorporates a network of GSPs and ASPs will help corporate and tax consultants achieve better data-based compliance under the GST regime. For more information about AvalaraTrustFile GST, please visit: https://www.avalara.com/in/products/gst-returns-filing/