ClearTax partners with IDS Next; equips IDS Hotels with e-invoicing
ClearTax in partnership with IDS Next launches an integrated Electronic Invoicing product, enabling enterprises to seamlessly get E-Invoicing ready. This will help the hotel clients with reduced data entry errors, real time tracking and a plethora of related benefits.
ClearTax recently partners with IDS Next to launch an integrated Electronic Invoicing product, enabling enterprises to seamlessly get E-Invoicing ready. This partnership will benefit over 200 hotel chains in India by extending ClearTax integrated e-Invoicing solution and soon to be integrated GST compliance solution.
Commenting on the progress, Archit Gupta, Founder and CEO ClearTax said, “Our mission is to help businesses comply with e-invoicing requirements quickly and smoothly. With our partnership with IDS, India’s hotels will not only be able to become e-invoicing compliant but also very soon they will be able to do their full scale GST compliance via ClearTax.”
“The concept of e-Invoicing as it is known in India, has already been implemented in many of our client locations globally. We are delighted to have ClearTax lead this integrated initiative in India, which is helping our hotel customers with reduced data entry errors, real time tracking and a plethora of related benefits,” said Manoj Mohanty, Sr. Vice President Sales (South Asia & S.E Asia), IDS Next.
In India, Electronic Invoicing is mandatory from 1st January 2021 for all enterprises having a turnover of Rs.100 crore or more. E-invoicing will be made applicable to all businesses beginning 1st April 2021. E-invoicing not only creates a digital trail of an invoice, it also helps populate GST returns and can simplify compliance for a large number of taxpayers. ClearTax’s tailored e-Invoicing solutions will automate both of these business functions for IDS Next’s clientele.
Via ClearTax, IDS Next clients can obtain the IRN Number and QR code for e-invoicing directly from IDS Next interface, thereby completely departing from performing this on a manual system. Both ClearTax and IDS Next are also working on a similar integration for simplifying GST compliance for Indian hotels.
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