It has been twelve days since India overhauled its entire system of taxation; however there are many businesses and traders who are still under a cloud of confusion regarding the modalities of the new system. While the Goods and Services Tax ( GST ) became a reality on July 1, several small and medium businesses are still undergoing transitional issues.ET reported on how several small retailers are still selling their existing stock at pre-GST rates as they are not ready to move on to the new system. An increase in the reporting and filing requirements has made GST compliance a troublesome and costly affair for the SME community.Reluctant they may be but it will not be for long that SMEs can afford to ignore GST. While compliance and technicalities are issues they need to confront, SMEs are not alone in the struggle. There are several companies which have launched software products to smooth the path of compliance for SMEs.Thomson Reuters' tax-content calculation-to-compliance solution provides the logic to accurately calculate GST based on the place of supply rules for the sale and acquisition of goods and services for intrastate, interstate, import, export, and stock transfer transactions. It also includes:a) The logic to enable CGST SGST , and IGST calculations for domestic sales and purchases as well as imports and exportsb) Calculation of output tax in the seller's location and input tax credits in the buyer's locationc) Support for the GST Compensation Fund Cess on luxury and sin tax itemsd) Integration with the GSTN , supporting notifications, signatures and required validationse) Automation of the import of data from existing ERP systems and management of issues with data integrity."Client's data security is more important to us. To control the data access, various measures such as RBAC, Database Activity Monitoring and dual access control have been implemented. Database encryption, encrypted checksum, PKI based digital signatures are also available to shield the data from external intervention. We operate within a VPC, further protected by WAF and DDoS layer to protect against intrusion," said Masters India, CEO, Nishank Goyal.a) Real-time GST Updates: AutoTax is designed to update its directories in real time with changes in tax rates and rules- protecting your business from unsuspected, sudden and overlooked changes in law.b) Accessible Reporting and Audit Trailc) On-the-go: AutoTax is designed on a cloud infrastructure, so you can monitor your compliance status anywhere, anytime. You can even sign returns, get timely notifications and alerts with their mobile interface.d) Plug-in AutoTax in the applications you already use, so you do not have to worry about importing data from your ERP system, or accounting software.GST Solution comprises of hardware from the hardware PC brand-HP, GST invoicing software by KPMG ,cloud storage for storing invoice data ,uninterrupted GST Suvidha Provider (GSP) access, e-sign, GST registration and migration services.It facilitates the entire process from inputting of purchase invoices, generation of sales invoices, managing the input credit ledger, and generating reverse charges.a) Vulnerability and Penetration Testing protocols to ensure complete security of users' sensitive datab) Dedicated help desk managed by specialised tax experts to support users on GST related queries and operational issues including tax filing returns for 24 monthsc) Introductory training on day-to-day transactions and GST filingd) This solution can also help larger organisations to enforce a regime wherein their vendors, distributors and dealers are on the GST system, complying with the process and filing their GST returns accurately. The solution can also help indicate loopholes in the ecosystem in the form of a tax credit leak at any nodal point."To implement GST, six million micro, small and medium enterprises (MSME) need to adapt their invoicing approaches, which is an enormous endeavour," said KPMG India, Chairman & CEO, Arun Kumar."Taxmann is providing the facility to create masters of all key information in GST Module of One Solution. It would enable the taxpayers to collect all required information from parties so that GST compliant invoices can be issued from July 1 onwards," a spokesperson from Taxmann stated.a) Configures formats of GST Invoices as per your business or professional needsb) Directly uploads the invoice from One Solution on GSTNc) Creates GST Compliant Invoice from One Solution or import from accounting softwares or ERPsd) Auto-calculates GSTR from purchase and sales invoicese) Reconciles all sales and purchase invoices in single clickf) Filters unreconciled balances as per HSN, Party Name, GSTN, so on and so forth.a) Quick set up of your GST details so that your business can start without any delayb) Support for all GST Transactions for your businessc) Easy detection and correction of errors for hassle-free tax return filingd) Seamless export of returns to Microsoft Excel to upload returns or share with your CA or Tax PractitionerZoho's integrated suite gives businesses an edge over competitors by enabling them to streamline their back office functions."The proliferation of internet connectivity and smart phones, clubbed with the introduction of GST offers businesses a great opportunity to move their accounting operations online" said Zoho Corp, Director Product Development and BD, Sivaramakrishnan Iswaran. "Zoho Finance Plus enables them to manage their daily transactions and file their GST returns from a single platform," he adds.PWC's compliance solution is aimed at automation of month-end tax compliances and reporting and provides options for interfacing with multiple ERP environments.a) Seamless interface with GSTN for information upload/downloadb) 100+ validation checks to ensure factual as well as legal precisionc) Extensive reporting/business intelligence modules to provide relevant insights to concerned stakeholdersd) Intuitive dashboards for different user profilese) Audit trail for both internal as well as external stakeholdersa) Access control & role based authenticationb) One-to-many infrastructurec) Multi-tenantd) Helps in adjusting the Input Tax Credit against multiple payables, post reconciliatione) Eliminates the need for dependency on ASP/GSPf) Graphical representation of data in the dashboardg) Enables importing of data from external business systemsa) Rapid Implementation Architecture (RIA) of UGST can enable a SME to become GST compliant within hours from purchaseb) Dynamic reports for GST Output Tax and Provisional Credits can be easily generatedc) Inbuilt option to handle multiple Inter-state/Intra-state locations for Customer & Vendorsd) Effortless Mismatch identification, followed by easier reconciliation procedureDeskera is the fastest growing ERP vendor in the region, and is the first cloud-based enterprise software suite that is GST compliant in India, we have been always ready for GST in India since our products are already being used in GST compliant countries like Singapore and Malaysia," said Shashank Dixit, chief executive, Deskera.The unique feature of Deskera is that it helps in seamless transition and integration of the financial structure from old version to the new one.The ClearTax GST software has separate versions for CAs and Enterprises -- GST Pro and GST Biz."An SMB can ask their tax expert to integrate the ClearTax GST software with their existing accounting platform, while a large enterprise can connect real-time with its entire ecosystem of vendors and dealers while preparing and filing taxes", said Archit Gupta, Founder and CEO, ClearTax.a) Local language support in all citiesb) No download required - completely onlinec) No exchange of manual data required - businesses & their CAs can work real-time onlined) No need to upgrade existing accounting software - simple integration of ClearTax GST with all accounting softwaree) Only software for real-time reconciliation with clientsf) Free GST billing software for clients of tax practitioners"The ClearTax BillBook software supports the creation of all the documents needed for GST. Business owners can visit our site, register and start using our cloud-based software which has both online and offline utilities. Further, the ClearTax Enterprise solution helps companies create GST compliant invoices without upgrading existing systems, he added.SAP acts as an application service provider. GST software implementation will lead to 3-5 billion invoice uploads every month. SAP estimates that at least 40% of these will pass through a SAP-enabled system. SAP has launched 'GST in a box', an all-inclusive solution portfolio designed to help SMEs.Oracle also announced the availability of Oracle Enterprise Resource Planning (ERP) Cloud in India.A modern user interface driven by the latest design innovations delivers embedded analytics, contextual social collaboration and a device-independent mobile experience that makes Oracle ERP Cloud familiar and easy to use. "Importantly, Oracle ERP Cloud will now enable Indian firms to administer and leverage the significant GST process changes, including tax calculations, liability accounting, recovery, settlement and reporting", said Ajay Kumar, Director, Sales Consulting ERP, Oracle India.Oracle has the experience of rolling out GST solutions for our ERP in many countries in the world and hence, we are fully prepared for these changes, he added.While technology can definitely ease the cumbersome compliance requirements and facilitate an internal MIS for the enterprises, it seems a costly affair in a largely unorganized economy like India.(Descriptions of the aforementioned software companies have been written on the basis of inputs received from the concerned officials and respective websites)