Simplifying financial lives
Simplifying Financial Lives |
GVK and ClearTax | A High-Potential Partnership!
&
Simplifying Financial Lives |
We are building
India’s largest tax & financial services platform
FOR ENTERPRISES, ACCOUNTANTS AND CONSUMERS
Simplifying Financial Lives |
Undisputed Leader in Tax Technology
CORPORATES BUSINESSES ACCOUNTANTS CONSUMERS
India’s leading GST solution Largest cloud-based GST #1 aggregator of #1 consumer tax filing
for large corporates platform for businesses accountants & experts platform in India
1,000+ 6 Lakhs+ 60K+ 4 Mn+
Simplifying Financial Lives |
We Serve India’s Largest Corporates (1/3)
MANUFACTURING
PSU
FMCG
MNC
BFSI
Simplifying Financial Lives |
We Serve India’s Largest Corporates (2/3)
E-COMMERCE
RETAIL
REAL ESTATE
TECHNOLOGY
Simplifying Financial Lives |
We Serve India’s Largest Corporates (3/3)
FASHION
CEMENT
HEALTHCARE
PHARMACEUTICALS
LOGISTICS
Simplifying Financial Lives |
Our Clients Have Deep Appreciation for our Product and Service
“
ClearTax is a one-stop shop for all
our GST needs. The product is user-
“
ClearTax is simplifying the
process of GST - they enable us to
“
ClearTax's GST tool plays a significant
role in filing GST returns with the
friendly and up to date to handle the complete our filings ahead of time. highest level of accuracy, especially
latest changes. All the people I've We are able to do our when you are dealing with multiple
worked with at ClearTax are very reconciliation much better thanks GSTINs and a large number of invoices.
responsive and approachable. to the ClearTax team, which is very It has a powerful advanced
supportive and work 24/7 to help reconciliation Feature. Good product
us. for large companies with great support.
ANKITA PAREKH SRINIVAS RAO SUSHANT PATIL
Tax Manager, Cadbury Mondelez Head, GST Operations, Epson Marico
Simplifying GST for corporates is our mission
Simplifying Financial Lives |
Product Overview
We automate GST filings, reduce compliance
cost and provide insights to reduce tax
Core GST Compliance
Advanced Reconciliation Tax
Determination ERP Integration
E-Way Bills
Tax Determination
ERP Integration
Vendor Management
E-Way Bills
Core Compliance
Advanced
Reconciliation
Simplifying Financial Lives |
Most Advanced Reconciliation Tool in India for GST
1 2 3 4 5
Faster Intelligent Consolidated View Vendor Tracking Automated
Reconciles 5X faster Claim 100% ITC with the Process multi-month Track vendors filings Send automated
on a single dashboard help intelligent rules that reconciliation with real-time updates communication
and saves time give suggested matches through a single-view to vendors
of entire year’s data
GSTR-2A vs Purchase Register is critical - fail to compare these two sets of data, you may end up paying higher taxes or receive notices.
The Advanced Reconciliation tool can also help you save cash flow!
Detailed ppt for interested clients: https://urlzs.com/mdRT9
Video link: https://www.youtube.com/watch?v=1WeIAkmmUog&t=2s:
Simplifying Financial Lives |
Most Comprehensive G9 Product in the Market
G9 is lengthy, involves
19 tables that can’t be
One-click Compare turnover In-built audit trail Excel-like revised once filed,
download of all and ITC as per to each line item. software screen requires data from G-
GST returns filed books vs returns. for working online 1, 2A & 3B of FY18 and
for 21 months.
FY19 which will take
hours to download
from GSTN. Cleartax
G9 solution is the
most comprehensive
G9 product in the
Summary table to Auto-filling of all 19-point checklist to One-click G9 data market.
get exact additional GSTR 9 tables identify errors with upload to GSTN and
tax payable (even those not suggestions for Filing with ClearTax
auto-filled in GSTN) corrective measures. Assistant
Video link on how to file G9 with ClearTax: https://www.youtube.com/watch?v=zMmHmvU5gts
Simplifying Financial Lives |
Smart Reports & Ledger Balances
GST Health Check Report - Checklist for key compliances in GST return filing
GSTR-3B vs GSTR-1 Tax Comparison Report - PAN level report to check Tax differences between 3B & 1 on a Yearly and Monthly basis
GSTR-3B vs GSTR-2A ITC Comparison Report - PAN level report to check ITC differences between 3B & 1 on a Yearly and Monthly basis
Multi month GSTR-2A Report - Download of 2A report for entire Financial Year in one click
Supplier Compliance Report - Current Filing status of suppliers
GSTR-1 Filed Report - Download of GSTR - 1 invoice level report for entire Financial Year in one click
Ledger Balances - Detailed Cash & Credit Ledger Balances.
And a few others....
Simplifying Financial Lives |
Our Platform is Secure by Design
Data privacy
SSL encryption, PCI compliance
AICPA
Data security SOC
Our data center (AWS) is ISO 27001 certified: Quarterly VAPT and
external audits to check controls
Completely secured access to VPC premises. SSH portal closed at all
times
Authenticated access only
Ability to block accounts and manage user viewing rights
Data archival & retrieval
As per Government regulations
Full audit trails: of filings and changes
Simplifying Financial Lives |
We Simplify E-Way Bills
Simplifying Financial Lives |
E-Way Bill: Feature-rich Product to Satisfy Every Requirement
EWB Clients
100% Compliance 10x Faster, save Generate from Reliable - Backup for
via Early Warning / time and within ERP Govt API via BOT
error detection see immediate RoI
Branch level Reconciliation MIS Reports Notifications &
Access Control with GST and Dashboards Alerts
Simplifying Financial Lives |
New GST Returns: Change is Coming - Are you Ready?
What is New GST Returns? Government Timelines
New GST Returns is the
Tax Period For Large Taxpayers (Turnover > 5 Cr)
2.0 version of the present GST
system on GSTN
JULY 2019 - SEP 2019 On a trial basis, report ANX-1 & 2; Continue GSTR-1, GSTR-3B filing
GST return filing moves away from
GSTR-1 and GSTR-3B to a new single
return RET-1/2/3 system with auto- OCT 2019 - NOV 2019 Compulsory uploading of invoices in ANX-1 & monthly filing thereof
filled ANX-1 and ANX-2.
View ANX-2 but no action can be taken
New filing mechanism is focused on File GSTR-3B
allowing credit on the basis of actual
invoices uploaded.
DEC 2019 File RET-01 for the first time for Dec 2019 in Jan 2020
JAN 2020 ONWARDS Continue with RET-01, monthly report in ANX-1 and take action in ANX-2
ClearTax will keep you ahead of the curve on New GST Returns
Video link to a ClearTax webinar on New GST Returns: https://urlzs.com/HtBnV
Simplifying Financial Lives |
GST New Return Promises a Simpler GST Filing Process
Original. Intermediate. Proposed.
GSTR-1 GSTR-1 Annexure-1
GSTR-2 GSTR-3B Annexure-2
GSTR-3 RET-1/2/3
Simplifying Financial Lives |
Only 1 GST Return- but is it actually simpler?
Upload outward supplies details by 10th of subsequent month Continuously upload outward supplies by 10th of next month
GSTR 1 - Sales
Classify invoices into sections like B2B, B2CS, B2CL ... Classify invoices into sections like B2B, B2C, Exports..
Prepare a Document Summary No Document summary required
Present GST Filing Process
GST New Returns Filing Process
Real time auto-population of data is required
Buyer needs to upload missing invoices (T+2)
Supplier Data is auto-populated in GSTR 2A
Reconciliation - Take actions (Accept, Mark as Pending, Reject)
Invoices Rejected by recipient available to supplier post
filing.action taken (rejection)
Locking / Deemed locking of invoices
GSTR 3B
Missing invoices for supplier should be added by recipient in
Claim ITC basis Inward Supplies in GTSR-3B on
provisional basis
Buyer has to lock or unlock the changes required
Before submission, offset the liability and pay taxes
File Return
Amendment Return Simplifying Financial Lives |
New GST Returns: ClearTax is the Partner of Choice
Best Product With Advanced Vendor Faster and Better Continuous ERP Integration
Dedicated Support Communication Reconciliation Invoice Upload
Cleartax will help you transition to New GST Returns and
will be your insurance against all future changes
Simplifying Financial Lives |
Cleartax GSTIN Validation 2.0: Smooth and efficient
GSTINs in
bulk Excel file
ClearTax GSTIN Multiple GSTIN
Validation 2.0 Validation Report
Client ERP
Simplify vendor onboarding with ClearTax
Simplifying Financial Lives |
Cleartax GSTIN Validation 2.0: Smooth and efficient
GSTIN of the Legal Name STATE CENTRE Date of
Tax Payer of Business Jurisdiction Jurisdiction Registration
Constitution Taxpayer type Nature of GSTN Status Date of
of Business Business Activity Cancellation
For each of the bulk-ingested GSTIN, you will receive this level of detail
Simplifying Financial Lives |
Health Check: One Stop Snapshot of your Entire Business
GST Returns GSTR 3B vs GSTR-2A
Filing Status Report
Health Check Summary
Vendor Compliance
GSTR-1 vs GSTR-3B Report
Report
The best way to review and provide a compliance scorecard of the business
Simplifying Financial Lives |
Health Check Summary (1/2)
The ClearTax Health Check Summary contains great insights about the GSTIN. The key elements in this report are as follows:
GST Return Filing Status
- Non-compliance and delay of GST filings lead to penalties and affect your compliance rating and prompt refunds.
- This module contains a detailed summary about the delays in filing GST returns.
GSTR-3B vs GSTR-1 - Tax Comparison Report
- Comparison between GSTR-3B and GSTR-1 is important to execute to ensure that there are no mismatches - could result in demand
notices from tax authorities or compliance breaches.
- This module contains the differences in tax reported in GSTR-1 and GSTR-3B and Unclaimed ITC on taxes paid under Reverse charges.
- This module also contains a detailed report on delays in listing down outward supplies, inaccurate categorisation of zero-rated supplies
and cases in which nil-rated and non-GST supplies in GSTR-3B not reported.
Simplifying Financial Lives |
Health Check Summary (2/2)
The ClearTax Health Check Summary contains great insights about the GSTIN. The key elements in this report are as follows:
GSTR-3B vs GSTR-2A - ITC Comparison Report
- This report helps filers claim the full Input tax credit (ITC) and also reverse any excess ITC claimed.
- Also, the reconciliation before filing GSTR-3B helps avoid potential demand notices.
- Contains the iterations in ITC claimed when a comparison is drawn with respect to GSTR-2A
Vendor Compliance Report
- Provides an overall summary of the monthly filing status of GST returns by your vendors or suppliers along
with the tax summary
- Can review the filing status of your vendors to ensure your ITC claim is not stuck
- Can be used as tool for KYC for new vendors by reviewing their compliance history
Simplifying Financial Lives |
Comprehensive Vendor Reconciliation : Reconciliation at every level with ClearTax
Purchase Register TDS Reconciliation
with payment details
ITC Reversal Reconciliation
Purchase Register
with TAN Number
PAN Level Reconciliation
ClearTax
Reconciliation
Purchase Register with Engine
GSTIN/Branch Level
GST Reconciliation at
GSTIN/Branch Level
Simplifying Financial Lives |
Stellar Senior Leadership ...
Archit Gupta Srivatsan Chari Ankit Solanki Sriram S Siddharth Sehgal
Co-Founder, CEO Co-Founder, Head of Product Co-Founder, CTO SVP - Enterprise Sales Head of Product (Enterprise)
B. Tech, IIT Guwahati (CS) B. Tech, BITS Pilani (CS) B. Tech, Mumbai University (CS) B.E, Madras University (Mech.) B.E, MS University Baroda (CS)
MS, Univ. of Wisconsin Madison (CS) MBA, IIMK MBA, Shidler College of Business, NUS
Data Domain Inc, California Tata Comm, Airtel, Nokia, Microsoft Cognizant, Contix, Metro Infrasys
Ankush Pansari Dev Ramnane Prashanth N Rahul Roy Sumit Kawariya
Category Lead, Enterprise VP - Enterprise Sales Director of Engineering Strategy, Enterprise Finance Controller
B.E, BIT Mesra ( Mech) B.Engg, Nanyang (Singapore) MS, Clemson University (CS) B.Tech, IIT Bombay ICAI,WEP, Flipkart
MBA, IIM Ahmedabad Excelsoft, InMobi Linkedin, Appature, Microsoft, MBA, IIM Calcutta
Appario Retail ,Amazon, Supermax AT&T Wireless, Vitria Citi, JP Morgan, Deloitte
Simplifying Financial Lives |
… Backed by Marquee Investors
Y Combinator Founders Fund Sequoia Capital
$65
Mn
Capital Raised
By ClearTax
Simplifying Financial Lives |
Thank you
We look forward to being your go-to GST partner
Simplifying Financial Lives |
