Avalara Launches TrustFile GST Tax Compliance Solution in India

Avalara, an experienced Application Service Provider (ASP), announced the launch of Avalara TrustFile GST, a tax compliance automation solution for the Indian enterprises. Partnering with authorized GST Suvidha Providers (GSPs) i.e. Alankit Limited and Excellon Software, Avalara will leverage 14 years of experience in enabling more than 20,000 businesses stay compliant with indirect taxes.

Key features of Avalara TrustFile GST:

Easily retrieves data from a company's ERP, accounting system, or ecommerce platform

Automates returns preparation and filing of GSTR 1 to 11

Validates incoming data and flags corrections

Classifies and allocates Input Tax Credits

Supports multiple GSTINs to handle multistate filing or multiple business units

Configurable auto-reconciliation with built-in intelligence

As an ASP Avalara will provide an automated system for businesses to upload invoice data of sales and purchases, reconcile and automatically generate their GST reports. These GST returns will then be automatically filed on behalf of the filer with GSTN via GSP. Avalara as an ASP will act as a link between the taxpayers and the GSPs.

An IT ecosystem through a network of GSPs and ASPs will help corporations and tax consultants achieve data-based compliance under the new GST regime. More than 10 million businesses in India will be required to move to compliance automation under the new reform. Businesses must move from filing one VAT return every three months to continuous invoice data transmission and multiple form filings each month. Additionally, the shift from source- to destination-based taxation now requires Indian companies to file in every state in which they have a presence, rather than filing in only its origin state.

Speaking on the occasion, Gautam Mukherjee, General Manager, Global Delivery, Avalara said, With the implementation of GST and digitized return filing process in India, businesses need an efficient solution to comply with the new regulations. GST compliance is hard, but Avalara TrustFile GST is an advanced tool that improves compliance accuracy, offers scalability and data security. Our customers value our experience of delivering GST solutions to businesses in Canada and Brazil that helped us understand the compliance complexities in India. Data retrieval from current systems is a critical ask and Avalara is offering pre-built connectors to leading accounting, ERP, ecommerce and other business applications, thereby making the integration of our compliance solutions easy for customers.

Avalara files more than a million tax returns, processes billions of indirect tax transactions and provisions millions of compliance documents for customers and users each year.

Ankit Agarwal Managing Director, Alankit Limited, an authorised GSP said, “We are delighted to have partnered with Avalara, one of the most renowned and experienced ASP in India today. Avalara's GST solution is well suited to address diverse needs of the complex environment which prevails in the market, via real time processing. With such partnerships, GSPs and ASPs will provide much needed support to taxpayers in the IT ecosystem for GST compliance. It is imperative for Alankit and Avalara to function in a unified manner, as Alankit plays the critical role of providing access to the G2B portal and players like Avalara extend the complimentary function of offering to taxpayers, solutions which enable compliance to the new tax regime.

Tushar Kadam, Sales Director, Abas Force (India), ERP partner of Avalara said, Avalara TrustFile GST is a secure cloud-based software, which provides real-time tax reporting and end to end reconciliation. Being an ERP partner, we will enable businesses to generate GST compliant invoices and will help these clients prepare and file timely pan-India GST returns through Avalara TrustFile GST. With our ERP solutions, software flexibility, unique implementation process, long-term support, and ongoing development Avalara and Abas Force plans to support companies by providing strategic solution suitable for GST compliance.