AccXchange Transactions Worldwide (P) Ltd. accxchange.in

21 , Badal Textile Market , Udaipur Road, Bhilwara-311001, Rajasthan, India (CIN : U72900RJ2015PTC047791)

Boardline : +91-7822094210, Email : info@accxchange.in

Automated GSTN Compliances with Digital Invoices for customers – Connecting GSTN to Accounting Software like Tally & Busy, used by 80% of SMEs in India

We built a Digital Data Exchange platform named as AccXchange that enables

business to exchange data digitally and empowers Digital India Initiative. Businesses

can build a network of the trading partners such as suppliers and buyers to exchange

transactions and data digitally

in real time. On AccXchange

platform, we built ready-made

solutions for Electronic Data

Interchange for accounting

applications like Tally and

Busy, being used by 90% of the

SMEs in India and have plans to

add more as ongoing basis.

There is an AccXchange Client

for Windows that establish connectivity through private IP –the most secured way of

computer to computer communication and facilitates that transactions are being

transmitted digitally in real-time between buyers and suppliers. The receiver can

review and post these transactions in its books of accounts. For example a sale invoice

is transmitted to the respective buyer and then the buyer can review and post this

sales invoice as a purchase invoice.

We enhanced this solution for Sales Reporting for GIONEE Mobile brand for IMEI

Stock tracking. This enables GIONEE dealers to send digital invoices to customers and

report Mobile IMEI movement into centralized sales tracking solution used by

GIONEE.

The same Digital Data Exchange platform can enable connectivity between GSTN Tax

Payers and GST Compliances Portal. Tax Payers would be able to file tax returns at

all the levels of granularity like aggregate level, dealer level, invoice level and line

item level from day one.

AccXchange Transactions Worldwide (P) Ltd. accxchange.in

21 , Badal Textile Market , Udaipur Road, Bhilwara-311001, Rajasthan, India (CIN : U72900RJ2015PTC047791)

Boardline : +91-7822094210, Email : info@accxchange.in

This filing can be a real time sales and purchase reporting automatically in the

background or at a click of button directly by the Tax Payers who are using any

accounting software. We can deliver a ready-to-use plug and play solution that works

with Tally and busy software being used 80 % of Indian Tax payers and API for others.

The added benefit is that digital invoices enables Tax Payers to record purchase

invoices instantly and accurately and hence purchases can be also filed to GST Portal

in real-time without any extra efforts.

The same system enables

permission based access to any

ledger account of Tax Payers and

will be helpful in assessment

proceeding etc. Product

Taxonomies with tax rates would be

importable and Tax Payers can map

their own terminology of stock

items with product (SKU codes) /

services taxonomy for GST purpose.

This technology is available as a

platform, ensure 100% delivery and in the most secured way and we will share all

such technical and solution details in greater detail considering the need of seamless

digital tax connectivity between tax papers in addition to GST portal as and when

available.

Thus AccXchange platform can enable connectivity and data transfer in real-time from

Tax Payers books of accounts to GST portal and vice versa for varied needs and ease

the process of managing Books not only for accounting purpose but also for GSTN

compliances and that will be a great idea to support Digital India Initiative of Govt. of

India.

CA B.C.Chechani Cell : 8875627151, Email: ca.bc.chechani@accxchange.in