The module looks at areas of valuation, place of supply, delivery regime, inter and intra state differences, etc. 30 crore) for vestment of $5 million (over ` GST-related products and software once the tax regime is rolled out. "The $5 million will last at least until GST is rolled out, but we see ourselves needing to invest at least 20% more," said Gupta. "ClearTax is also working on sub-modules within the GST kit to train MSME businesses and entrepreneurs. "The adoption of software by an SME has to go up dramatically for GST to work well," Gupta said.

Source: Economic Times March 28, 2017 04:52 UTC