ClearTax launches GST compliant billing and e-invoicing service. Details right here

To assist companies digitise and streamline billing and invoicing, main fintech firm ClearTax has launched ClearOne — a GST compliant billing and e-invoicing product. ClearOne will assist Small and Medium Enterprises (SMEs) to generate skilled invoices with ease. The billing vary consists of skilled invoicing, e-invoicing, export invoicing, e-way invoice era amongst others. The enterprise homeowners may have an choice to customize their invoices as per necessities. “SMEs can make bills/invoices, customise it as per their own or their customer’s requirement, raise and monitor their invoices on the go and be fully compliant with regulatory requirements,” ClearTax stated in an announcement.

Compared to the present billing options available in the market, ClearOne is simple to make use of and “accommodate frequent regulatory changes at scale,” the corporate stated.

Explaining the rationale behind this launch, Archit Gupta, founder and chief government officer of ClearTax stated, “Invoicing is key to running a business and digitisation of the invoice is essential when the intent is of business transaction digitisation. The government is moving towards a completely digital invoicing era which will result in massive change for businesses. As a consumer centric company we want to make this journey smooth for the user.”

“ClearOne is the direct result of our in-depth market study and a better understanding of the need-gaps that businesses typically have to face. We are confident that users will find ClearOne very intuitive and easy to set up and use,” he added.

There are roughly 5 million small companies in India that want a software program answer to lift invoices. Out of them, ClearTax is trying to onboard about 1 million within the first yr of its launch.

At current, ClearTax caters to greater than 2,000 of India’s greatest manufacturers and companies in addition to 5 million particular person taxpayers. It processes round 10 p.c of the nation’s total B2B invoices, cumulatively contributing to a commerce worth of over $300 billion yearly, the corporate stated.

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