Simplifying financial lives

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 |

 Core GST Compliance
The Core GST/return filing solution will provide the following features

Return Form Particulars Frequency

GSTR-1 Details of outward supplies of taxable goods and/or services affected Monthly

GSTR-3B Simple Return in which summary of outward supplies along with Input Tax Monthly
Credit is declared and payment of tax is affected by taxpayer

GSTR-6 Return for an Input Service Distributor Monthly

GSTR-7 Return for authorities deducting tax at source. Monthly

GSTR-8 Details of supplies effected through e-commerce operator and the amount of Monthly
tax collected

GSTR-9 Annual Return for a Normal Taxpayer Annually

ITC 04 The principal manufacturer will be allowed to take credit of tax paid on Quarterly
purchase of goods sent on job work.

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 |
 GST Suvidha Provider
Unlike many GST solution providers (mostly ASPs) in the market, ClearTax is also a GSP (GST Suvidha Provider). GST Suvidha
Providers (GSP) plays an important and strategic role in the GST eco system as it plays an intermediary role between the GSTN
and the ASPs. All ASPs (Application Service Provider) have to go through the GSP environment to get the access to the GSTN
database. So being a GSP along with ASP, ClearTax will be able to cater to the needs of the customers much better than a
standalone ASP.

Diagram source : GSTN portal (https://www.gstn.org/ecosystem/index.php)

Simplifying Financial Lives |
 Services & Support

Escalation Matrix

Acknowledgement within 1 Hour and Resolution within 1 Business Day

*Resolution time basis severity level

Escalation Level 1 Key Account Manager detail will be given

Escalation Level 2 Regional Head

Escalation Level 3 National Head

Support

- Sales team spread across the country to help you through the onboarding process
- Onsite training with hands on tool usage for your entire team
- Dedicated Key Account Managers to train your team
- Frequent onsite visits by KAM to keep track on your needs and help you resolve
issues

Simplifying Financial Lives |

Product Overview
We automate GST filings, reduce compliance
cost and provide insights to reduce tax

Core GST Compliance

Advanced Reconciliation Airline Credit

ERP Integration
Reports

Tax Analytics

ERP Integration

E-way bill

Airline Credit
E-Way Bills
E-invoicing Core Compliance

Advanced
Vendor Management Reconciliation

Simplifying Financial Lives |

 Effortless Data Ingestion

Custom Mapper
Intelligent tool which accept any ERP format and changes into acceptable
GSTN format

Multiple templates
ClearTax accept multiple templates in the form of Excel, CSV, Govt, Tally,
Busy, JSON,etc.

Multi GSTIN Ingestion

Mutiple GSTINs can be uploaded in one go

Error Validations
Multiple validations for ensuring that the data sanity is checked at the source
 Most Advanced Reconciliation Tool in India for GST

1 2 3 4 5

Faster Intelligent Consolidated View Vendor Tracking & PAN level

Reconciles 5X faster Claim 100% ITC with Multi-month Communication Process multi-GSTIN
on a single the help intelligent reconciliation Track vendors filings reconciliation
dashboard and saves Fuzzy rules that give through a single-view with real-time updates
time suggested matches of entire year’s data & automated vendor
communication

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 |
 PAN-Level Reconciliation

Identifies inter-GSTINs Maximize working capital Reduce man hours to easily Consolidated 2A data
wrongly entered by of an enterprise in terms meet government restricted and Purchase data at
Suppliers of ITC timelines PAN Level

Save your Company’s cash flows with ClearTax’s PAN-Level Reconciliation tool

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 |

 Tax Analytics

We provide customized tax analytics tool. The

dashboard can be customized as per the
requirement. Following are few dashboards we
are currently offering.

1) Tax payment dashboard

2) GST rate wise breakup for inward and
outward supplies
3) Sales dashboards (cohort view)
4) Purchase dashboards (cohort view)
5) Supply chain dashboards
6) CFO dashboards

Simplifying Financial Lives |

 Integration across all ERPs

Excel

ERP FTP/SFTP

*
API

Over 100 successful integrations …

With Seamless Integration, achieve GST compliance and integrated E-Way Bill functionality with ease

* Includes Busy, OPERA, Baan, Marg, Compusoft and many more

We Simplify E-Way Bills

Simplifying Financial Lives |

 E-Way Bill: Feature-rich Product to Satisfy Every Requirement

Branch level Access MIS Reports & 2-Way Integration Reconciliation with GST
Control Dashboards
Increased security and Comprehensive reports Complete 2-way ERP Auto recon with GST &
appropriate access with easy Integration with EWB with Cleartax GST tool
control to use filters data back in ERP

Multi-vehicle E-way Bill Notifications & Alerts Historical E-way Bill Scheduling of E-way Bill
Download
Facility to convert an EWB System generated alerts Facility for multi-month Automating the schedule
into a multi-vehicle EWB to proactively take download of EWBs of e-way bill generation in
actions on EWB generated in the past off time

Simplifying Financial Lives |

Airline Travel Credit Automation: Avail your ITC credits without any delay
Solution for Automated extraction of invoices, preparation of inward register and reconciliation

PNR, other details GSTR - 2A

Automated Solution
- Extract invoice details
- Generate inward register
Airline - Download GSTR - 2A GSTN IT system
Tax Invoice
- Reconcile inward register and GSTR - 2A
- Generate mismatch reports

- Manual upload of PDF - Purchase register

Invoice - Reconciliation Reports
- Invoices through Email - (Matched & Mismatched
- PNR other details Invoices)
- Back up of Invoice

Company
Simplifying Financial Lives |
 Vendor Management: Comprehensive Solution to Manage Vendors

Multi-channel two-way Vendor Validation Vendor Rating MSME and ITC Bulk Email to vendors
communication with and KYC reversal tag with mismatched
vendors reports

Cleartax will help you manage your vendor network efficiently

Simplifying Financial Lives |

 Vendor Management: Vendor GSTIN Validation

User can verify single

GSTIN at a time or can
upload a file to verify
GSTINs in bulk
GSTINs in
bulk Excel file
KYC (Tax payer’s info)
and Filing status details
will be available in a
ClearTax GSTIN Multiple GSTIN
report for download and
Validation Validation Report
to take appropriate
Client ERP actions

Simplify vendor onboarding with ClearTax

Simplifying Financial Lives |

 Vendor KYC
Vendor KYC details with Vendor
Scoring, MSME check

Vendor Filing status

Filing status for single or multiple
GSTINs

Simplifying Financial Lives |

New GST

New GST Returns is the GST 2.0 version

of the present GST returns

GST return filing moves away from GSTR-1 &

GSTR-3B to a new single return RET-1/2/3
with certain details auto-filled based on
ANX-1 & ANX-2

New return filing mechanism is focused on

allowing credit on the basis of actual
invoices uploaded by the supplier

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 |

 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 |

E-Invoicing

No standard definition and model globally

In India, need has been felt of having a standard to ensure

complete interoperability of e-invoices across GSTN
ecosystem

A standard will ensure machine readability across

business ecosystem eliminating data entry errors

Standard of e-invoices expected to result in better

compliance and ease for tax payer

E-invoicing law in India at consultative stage and phased

implementation expected in 2020

Electronic Invoicing |
 E-invoicing proposals based on latest view

Generation Validation Usage

Invoice reference number (IRN) Authorized agencies to be Invoice received is printable & can
for each B2B invoice (including appointed for validation - initially be used for shipment & as valid
debit/credit note) to be created (most NIC and later may include GSPs credit document
likely when exceeding a specified limit)
Invoice data to be transmitted to Agencies to pass invoice details to
Algorithm for generating IRN to be agencies for validation - option to GSTN/NIC for auto-population of
released - integrate ERP or use choose from multiple agencies ANX-1 & EWB
authorized government agency(e.g. GSP)
Receive pre-populated digitally Availability of invoice data on real
IRN to be created after creation signed invoice along with QR code time basis to the buyer
of invoice
Each IRN refers to single
legal invoice

Phase wise implementation expected from Jan 2020 (on voluntary basis initially)
- detailed rollout timelines under discussion (EWB to co-exist for at least 2 more years)

*The above is based on internal assessment and are not final proposals Electronic Invoicing |
Rationale for Electronic Invoicing
Curb tax evasion through check on
fraudulent ITC, check to ensure all
invoices are being reported in G1 &
real-time 1 & 3B matching
Introduction of e-invoicing shall
enhance efficiency of the tax
administration process
Ease of compliance and recon for user as
separate entry for GST and EWB may not
be needed
One-time reporting on B2B invoice data to reduce reporting in
multiple formats (one for GSTR-1 and the other for e-way bill) and
to generate Sales & Purchase Registers (ANX-1 and ANX-2) & from
this data to keep the Return (RET-1 etc.) ready for filing
Reporting of invoices as an integral part of the business
process to eliminate the process of compilation of invoices at
the end of the month
Substantial reduction in ITC verification issues as same data will
get reported to tax department and to the buyer in his inward
supply (purchase) register on receipt of info through the GST
System – buyer can reconcile with his Purchase Order and
accept/reject in time.
Electronic Invoicing |
Operating model for invoice reference number

Authorised GSTN & NIC

agency system
Seller Buyer

NIC Invoice data Auto populate

transmission ANX-1 & EWB Part
Generate Invoice A
ERP/ASP
invoice and IRN level details
(using algorithm)
Receives ANX 2
and E-Way Bill

Receives
digitally GSP/ ASP/ Inward supplies
signed invoice Offline Utility update

Electronic Invoicing |
Awards & Recognition
 Stellar Senior Leadership ...

Archit Gupta Srivatsan Chari Ankit Solanki Rohit Razdan Sriram S

Co-Founder, CEO Co-Founder, Head of Product Co-Founder, CTO EVP - Business Growth & Alliances SVP - Enterprise
B. Tech, IIT Guwahati (CS) B. Tech, BITS Pilani (CS) B. Tech, Mumbai University (CS) MBA, The Wharton School B.E, Madras University (Mech.)
MS, Univ. of Wisconsin Madison (CS) Gaja Capital, Arth Capital, ICICI Venture, MBA, IIMK
Data Domain Inc, California McKinsey Tata Comm, Airtel, Nokia, Microsoft

Ankush Pansari Gaurav Sharma Sumit Kawariya Rahul Roy

Category Lead, Enterprise Product Manager,Enterprise Finance Controller Strategy, Enterprise
B.E, BIT Mesra ( Mech) B.Tech, UPTU (CS) ICAI,WEP, Flipkart B.Tech, IIT Bombay
MBA, IIM Ahmedabad MBA, ISB Hyderabad MBA, IIM Calcutta
Appario Retail ,Amazon, Supermax Infosys,CSC India,Worxogo Solutions 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

Simplifying Financial Lives |