India has potential to become largest market for Logo: CEO

 

KOLKATA, June 23:Logo Infosoft, the Indian arm

of South Eastern Europe’s leading software vendor Logo, expect

India to become their largest market in the next 2-3 years

riding on a projected boom for Goods and Services Tax (GST)

management solution market, a top company official said.

Government was trying to plug leakages in taxes and in

this regard e-invoices is gaining importance. In the near

future, e-invoices will become mandatory but for that entities

need to adopt the digital system.

Government was also trying to encourage the same

through basic free software for entities below Rs 1.5 crore

turnover for adoption.

“India has potential to become the largest market for

Logo in the next 2-3 years as huge potential lies ahead

for GST management solutions as only 1.2 crore MSMEs have

adopted GST solutions out of 6 crore total such firms,” Logo

Infosoft CEO Vinod Subramanian told PTI.

“With government free software scheme there will be

huge increase in firms using GST softwares who are potential

future customers. We are also offering our solution Vyapari

under the scheme which has approved 8 vendors,” he said.

Subramanian claimed Logo is the only vendor having

international expertise in e-invoices and their solution

account for 90 per cent of the total e-invoices generated in

Turkey.

“Moreover, our solution can be integrated with digital

payment and mobile PoS which are differentiator from other

solutions,” he claimed.

Logo works in association with IRIS Business Services,

a data solutions company and leading GST Suvidha Provider

(GSP) appointed by GSTN, to tap the GST solution market.

Subramanian said as cost is a major hurdle for small

businesses to adopt technology, but the company will offer a

very competitive pricing for their solutions using cloud

technology. (PTI)