Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
1-min read

As GST Management Demand Expands, Software Vendor Logo says India to Become Largest Market

Government was trying to plug leakages in taxes and in this regard e-invoices are gaining importance. Logo is the only vendor having international expertise in e-invoices.

PTI

Updated:June 23, 2019, 11:45 AM IST
facebookTwitterskypewhatsapp
As GST Management Demand Expands, Software Vendor Logo says India to Become Largest Market
Image for representation.
Loading...

Kolkata: Logo Infosoft, the Indian arm of South Eastern Europe's leading software vendor Logo, expect India to become their largest market in the next 2-3 years riding on a projected boom for Goods and Services Tax (GST) management solution market, a top company official said.

Government was trying to plug leakages in taxes and in this regard e-invoices are gaining importance. In the near future, e-invoices will become mandatory but for that entities need to adopt the digital system.

Government was also trying to encourage the same through basic free software for entities below Rs 1.5 crore turnover for adoption.

"India has potential to become the largest market for Logo in the next 2-3 years as huge potential lies ahead for GST management solutions as only 1.2 crore MSMEs have adopted GST solutions out of 6 crore total such firms," Logo Infosoft CEO Vinod Subramanian told PTI.

"With government free software scheme there will be huge increase in firms using GST softwares who are potential future customers. We are also offering our solution Vyapari under the scheme which has approved 8 vendors," he said.

Subramanian claimed Logo is the only vendor having international expertise in e-invoices and their solution account for 90 per cent of the total e-invoices generated in Turkey.

"Moreover, our solution can be integrated with digital payment and mobile PoS which are differentiator from other solutions," he claimed.

Logo works in association with IRIS Business Services, a data solutions company and leading GST Suvidha Provider (GSP) appointed by GSTN, to tap the GST solution market.

Subramanian said as cost is a major hurdle for small businesses to adopt technology, but the company will offer a very competitive pricing for their solutions using cloud technology.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 85.25 -0.64
ACC 1,596.55 1.88
Bajaj Finance 3,294.90 -4.98
Reliance 1,258.05 -0.30
SBI 358.30 -1.47
Company Price Change %Gain
Biocon 256.20 -2.60
ICICI Bank 415.10 -0.86
Yes Bank 85.30 -0.58
HDFC AMC 2,284.80 5.28
Bajaj Finance 3,295.75 -4.92
Top Gainers
Company Price Change %Gain
Titan Company 1,102.00 2.04
NTPC 129.00 1.53
TCS 2,086.00 0.97
Vedanta 164.10 0.64
UltraTechCement 4,609.75 0.17
Company Price Change %Gain
NTPC 129.10 1.61
TCS 2,085.85 0.98
Vedanta 164.25 0.71
Power Grid Corp 205.75 0.19
Top Losers
Company Price Change %Gain
Bajaj Finance 3,294.90 -4.98
Bajaj Finserv 7,593.50 -3.24
GAIL 138.15 -2.68
Tech Mahindra 670.95 -2.36
Hero Motocorp 2,422.95 -2.28
Company Price Change %Gain
Bajaj Finance 3,295.75 -4.92
M&M 583.40 -2.34
Hero Motocorp 2,422.25 -2.32
Tata Motors 157.40 -2.11
Bajaj Auto 2,575.00 -2.20

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results