International ERP plugs in i-TAX to deliver Indian Taxation
Released on: August 25, 2008, 11:33 pm
Press Release Author: Pravin Sawant
Industry: Software
Press Release Summary: i-Tax now need for every corporate companies requirement. In today's Indian Business environment every corporate companies spending lot of time for submission of Returns (Direct & Indirect tax related). Even though they spend lot of money on E.R.P they are not getting statutory returns on finger tips.
Press Release Body: Any statutory affairs are not less than any nightmare for Indian businessmen. Small & medium Enterprises and Large companies are deploying special departments and spending lakhs of rupees on systems for dealing with these statutory affairs. Companies has to deal with . Submission of statutory returns ( soft copy & e-filing) . Manufacturers or Dealers has to submit weekly, monthly, half yearly & yearly Excise statutory returns to Excise Department. . If register under service tax then they will have to submit ST-3 quarterly or monthly return. . In case of Tds (Tax Deducted at Source) they have to print Form 16 A . e-filing returns . Vat monthly & quarterly return. . If any company doing Vat-billing in different state then they have to submit different format for different state.
E.R.P Sales in India is happening or at least it seems like looking at the number of Global E.R.P players opening up in India in the last few years to offer their services to the increasing number of Small & Medium Entrepreneur or Indian Multinational Company across the country.
But Even though Corporate invest large amount of money on E.R.P system the Major Global E.R.P only provides computation part in E.R.P system. All these E.R.P wants to stay away from statutory requirement, as result users of this E.R.P have to do circus to generate above mentioned documents and returns. These E.R.P users use Excel file or standalone software for their Excise, Service Tax, Tds and Vat practices, which creates unnecessary . Duplication of work. . Scope for Reconciliation with legacy system . Waste of manpower . Misleading and time consuming decisions
"Many leading E.R.P developers and Implementers are considering Udyog' s i-Tax Product as Taxation Solution for their clients. These E.R.P vendors are attracted by Successful deliveries of integrated i-Tax with some of leading E.R.P. i-Tax gives full fledge solution to their existing client." Said Mr.Pravin Sawant (VP- Marketing Udyog Software I Ltd)
Mr.Pravin Sawant proudly says that "Today Udyog, s i-Tax is chosen by company Like Visteon Automotive Systems India Pvt.ltd, AutoLiv Safety Systems India P.ltd, Omron Automotive Components India P. Ltd for Localization Module. They found that i-Tax is the right Taxation solution along with their Qad E.R.P."
i-Tax is the Dream product of Mr. Arun Dixit ( Ceo -Udyog Software (I) Ltd). This product is enhanced with Sql back end for database and 1Key (Bi Tool) for reporting. i-Tax comes in modules of Excise, Service Tax, Vat, Tds and Financial Accounting. All modules are optional. These are ready to use, at the same time highly customizable modules. Buyer can opt for required modules or combined.
Udyog have completed the product development for Eou & Sez which are under implementation stage at Implementation along with couple of well known E.R.P Products
No E.R.P Development - Udyog' s software is very well accepted in Manufacturing and Trading industry as result Udyog is getting regular orders for E.R.P. Udyog feel that their expertise lies in Indian Taxation, and that is their core competency. Hence Udyog would like to concentrate on their Taxation Module only, and not to compete with world E.R.P leaders. Instead Udyog would like to shake hands with all leading E.R.P providers for delivering integrated India taxation with their E.R.P.
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