Tally and SMEStreet Conduct GST Preparedness Study among SMEs

Tally Solutions Pvt Ltd, in association with SMEStreet, a publication dedicated to the cause of SMEs in India, announced the results of a study conducted among SME business owners on GST preparedness.

More than 750 business owners participated in the study conducted by SMEStreet and the results indicate that there is a fair distance to traverse before India Inc becomes GST ready. Some of the highlights of the survey include

• 66 percent respondents have not adopted a software for GST yet
• 72 percent have not heard of invoice matching (one of the fundamentals of GST).
• The 40 percent figure on lack of GST awareness further drives home this state.

Tejas Goenka, Executive Director, Tally Solutions said: “While the survey has definitely raised some key issues which need to be dealt with, we at Tally are happy that we have already provided some solutions. On the education front, our exclusive GST awareness blog (blogs.tallysolutions.com) has been in the running for almost a year now.

"We launched our GST ready software more than three weeks back, which promises the ease of use and simplicity like all our earlier products and GST billing from Day 1. It has already been downloaded more than 1.5 million times. For those businesses who haven’t automated yet, we have partnered with CAIT and Acer India to bring Biz Guru, a one stop plug and play solution for accounting and GST which couples Acer’s hardware and pre-installed GST ready Tally.ERP 9. We are committed to helping business across the country be GST compliant.”