Chennai, Aug 20: Avalara, Inc., provider of tax compliance automation software for businesses recently announced the launch of Avalara TrustFile GST annual return compliance feature for GSTR-9 return filing to help businesses and tax practitioners easily achieve and maintain compliance with the country’s current Goods and Services Tax (GST) law.
GSTR-9 is a consolidated annual return of all the periodic returns filed during a financial year for every GSTIN. It is compulsory for all regular taxpayers under GST and includes all information on sales, purchases, input tax credit (ITC) claimed, ineligible credits, demands, refunds, and tax paid during the said financial year. The current deadline for businesses to file GSTR-9 is 31 August 31.
What is TrustFile?
Avalara TrustFile GST is a secure cloud-based software that enables businesses and consultants in India to prepare and file timely GST returns. The annual return compliance feature of Avalara TrustFile GST makes GSTR-9 return filing process easier, faster, and more accurate.
The software auto-populates almost the entire GSTR-9 form by pulling the necessary information from the GSTN as well as previously filed returns by the business, thus helping accounting teams and tax professionals achieve increased productivity and more accurate tax compliance.
The software easily retrieves data from ERPs, accounting systems or ecommerce platforms, validates incoming data, flags corrections, provides reconciliation with built-in intelligence, and classifies and allocates input tax credits.