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)
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