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Intuit QuickBooks now GST-compliant for small businesses in India



To help Indian businesses run their business as usual and be compliant with the new tax requirements, Intuit QuickBooks has launched a Goods and Services Tax (GST)-ready version.


QuickBooks from Intuit Inc. has over 2.2 million users worldwide. The product serves the business and finance needs of small businesses and helps them be in complete control of their business 24/7 from anywhere, on a laptop or on a mobile device.


Customized for Indian small businesses, QuickBooks makes it easy for small businesses to track cash flow, create invoices, record expenses and auto-categorize income or expenses with the Online Bank Connect feature. Additionally, QuickBooks is designed to help businesses keep more of what they earn as they are able to match their expenses with the supplier invoices and save money with input tax credit.


“Intuit QuickBooks is the only accounting software in India that has experience of successfully rolling out GST-ready software in International markets,” said Nikhil Rungta, Managing Director, Intuit India. “All businesses in India using QuickBooks will be seamlessly transitioning to GST without any extra charges or additional downloads. Over the last five years, Intuit QuickBooks has helped thousands of small businesses in India stay in complete control of their finances and accelerate the growth of their business. Our vision is that with QuickBooks, July 1 will be business as usual for our customers in India. Small business owners can focus on their business instead of worrying about the impact of GST on their business.”


Intuit has been working on making their software GST-ready in India for over a year now and have been helping their customers get ready for GST with their unique Get-Set-Take-off (GST) Program, which is all about:


· Get-Set – Education and Training: QuickBooks customers have been receiving regular updates via newsletters, Facebook chats and the GST Resource Centre on Intuit has also been providing training around GST through webinars and Facebook Chat sessions with India’s top accountants. They have also helped guide customers to register for GST.

· Take-off - Try and Buy: For the new customers who will be adopting digital software for the first time to run their business, QuickBooks offers a 30-day free trial to new users. They do not need a credit card to try and they can cancel anytime.