Simplifying financial lives

Simplifying Financial Lives |

 GVK and ClearTax | A High-Potential Partnership!

&

Simplifying Financial Lives |

 We are building

India’s largest tax & financial services platform

FOR ENTERPRISES, ACCOUNTANTS AND CONSUMERS

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 |

 We Serve India’s Largest Corporates (1/3)

MANUFACTURING

PSU

FMCG

MNC

BFSI

Simplifying Financial Lives |

 We Serve India’s Largest Corporates (2/3)

E-COMMERCE

RETAIL

REAL ESTATE

TECHNOLOGY

Simplifying Financial Lives |

 We Serve India’s Largest Corporates (3/3)

FASHION

CEMENT

HEALTHCARE

PHARMACEUTICALS

LOGISTICS

Simplifying Financial Lives |

 Our Clients Have Deep Appreciation for our Product and Service
“
ClearTax is a one-stop shop for all
our GST needs. The product is user-
friendly and up to date to handle the
latest changes. All the people I've
worked with at ClearTax are very
responsive and approachable.
ANKITA PAREKH
Tax Manager, Cadbury Mondelez
Simplifying GST for corporates is our mission
“
ClearTax is simplifying the
process of GST - they enable us to
complete our filings ahead of time.
We are able to do our
reconciliation much better thanks
to the ClearTax team, which is very
supportive and work 24/7 to help
us.
SRINIVAS RAO
Head, GST Operations, Epson
“
ClearTax's GST tool plays a significant
role in filing GST returns with the
highest level of accuracy, especially
when you are dealing with multiple
GSTINs and a large number of invoices.
It has a powerful advanced
reconciliation Feature. Good product
for large companies with great support.
SUSHANT PATIL
Marico
Simplifying Financial Lives |
Product Overview
We automate GST filings, reduce compliance
cost and provide insights to reduce tax

Core GST Compliance

Advanced Reconciliation Tax

Determination ERP Integration
E-Way Bills

Tax Determination

ERP Integration

Vendor Management

E-Way Bills
Core Compliance

Advanced
Reconciliation

Simplifying Financial Lives |

 Most Advanced Reconciliation Tool in India for GST

1 2 3 4 5

Faster Intelligent Consolidated View Vendor Tracking Automated

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

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 |
 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 |
 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 |

 Our Platform is Secure by Design

Data privacy
SSL encryption, PCI compliance

AICPA
Data security SOC
Our data center (AWS) is ISO 27001 certified: Quarterly VAPT and
external audits to check controls
Completely secured access to VPC premises. SSH portal closed at all
times

Authenticated access only

Ability to block accounts and manage user viewing rights

Data archival & retrieval

As per Government regulations

Full audit trails: of filings and changes

Simplifying Financial Lives |
We Simplify E-Way Bills

Simplifying Financial Lives |

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

EWB Clients

100% Compliance 10x Faster, save Generate from Reliable - Backup for
via Early Warning / time and within ERP Govt API via BOT
error detection see immediate RoI

Branch level Reconciliation MIS Reports Notifications &

Access Control with GST and Dashboards Alerts

Simplifying Financial Lives |

 New GST Returns: Change is Coming - Are you Ready?

What is New GST Returns? Government Timelines

New GST Returns is the

Tax Period For Large Taxpayers (Turnover > 5 Cr)
2.0 version of the present GST
system on GSTN
JULY 2019 - SEP 2019 On a trial basis, report ANX-1 & 2; Continue GSTR-1, GSTR-3B filing
GST return filing moves away from
GSTR-1 and GSTR-3B to a new single
return RET-1/2/3 system with auto- OCT 2019 - NOV 2019 Compulsory uploading of invoices in ANX-1 & monthly filing thereof
filled ANX-1 and ANX-2.
View ANX-2 but no action can be taken
New filing mechanism is focused on File GSTR-3B
allowing credit on the basis of actual
invoices uploaded.
DEC 2019 File RET-01 for the first time for Dec 2019 in Jan 2020

JAN 2020 ONWARDS Continue with RET-01, monthly report in ANX-1 and take action in ANX-2

ClearTax will keep you ahead of the curve on New GST Returns

Video link to a ClearTax webinar on New GST Returns: https://urlzs.com/HtBnV

Simplifying Financial Lives |
 GST New Return Promises a Simpler GST Filing Process

Original. Intermediate. Proposed.

GSTR-1 GSTR-1 Annexure-1
GSTR-2 GSTR-3B Annexure-2
GSTR-3 RET-1/2/3

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 |

 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 |

Cleartax GSTIN Validation 2.0: Smooth and efficient

GSTINs in
bulk Excel file

ClearTax GSTIN Multiple GSTIN

Validation 2.0 Validation Report

Client ERP

Simplify vendor onboarding with ClearTax

Simplifying Financial Lives |

 Cleartax GSTIN Validation 2.0: Smooth and efficient

GSTIN of the Legal Name STATE CENTRE Date of

Tax Payer of Business Jurisdiction Jurisdiction Registration

Constitution Taxpayer type Nature of GSTN Status Date of

of Business Business Activity Cancellation

For each of the bulk-ingested GSTIN, you will receive this level of detail

Simplifying Financial Lives |

Health Check: One Stop Snapshot of your Entire Business

GST Returns GSTR 3B vs GSTR-2A

Filing Status Report

Health Check Summary

Vendor Compliance
GSTR-1 vs GSTR-3B Report
Report

The best way to review and provide a compliance scorecard of the business

Simplifying Financial Lives |

 Health Check Summary (1/2)
The ClearTax Health Check Summary contains great insights about the GSTIN. The key elements in this report are as follows:

GST Return Filing Status

- Non-compliance and delay of GST filings lead to penalties and affect your compliance rating and prompt refunds.
- This module contains a detailed summary about the delays in filing GST returns.

GSTR-3B vs GSTR-1 - Tax Comparison Report

- Comparison between GSTR-3B and GSTR-1 is important to execute to ensure that there are no mismatches - could result in demand
notices from tax authorities or compliance breaches.
- This module contains the differences in tax reported in GSTR-1 and GSTR-3B and Unclaimed ITC on taxes paid under Reverse charges.
- This module also contains a detailed report on delays in listing down outward supplies, inaccurate categorisation of zero-rated supplies
and cases in which nil-rated and non-GST supplies in GSTR-3B not reported.

Simplifying Financial Lives |

 Health Check Summary (2/2)
The ClearTax Health Check Summary contains great insights about the GSTIN. The key elements in this report are as follows:

GSTR-3B vs GSTR-2A - ITC Comparison Report

- This report helps filers claim the full Input tax credit (ITC) and also reverse any excess ITC claimed.
- Also, the reconciliation before filing GSTR-3B helps avoid potential demand notices.
- Contains the iterations in ITC claimed when a comparison is drawn with respect to GSTR-2A

Vendor Compliance Report

- Provides an overall summary of the monthly filing status of GST returns by your vendors or suppliers along
with the tax summary
- Can review the filing status of your vendors to ensure your ITC claim is not stuck
- Can be used as tool for KYC for new vendors by reviewing their compliance history

Simplifying Financial Lives |

Comprehensive Vendor Reconciliation : Reconciliation at every level with ClearTax

Purchase Register TDS Reconciliation

with payment details

ITC Reversal Reconciliation

Purchase Register
with TAN Number

PAN Level Reconciliation

ClearTax
Reconciliation
Purchase Register with Engine
GSTIN/Branch Level
GST Reconciliation at
GSTIN/Branch Level

Simplifying Financial Lives |


Archit Gupta
Co-Founder, CEO
B. Tech, IIT Guwahati (CS)
MS, Univ. of Wisconsin Madison (CS)
Data Domain Inc, California
Ankush Pansari
Category Lead, Enterprise
B.E, BIT Mesra ( Mech)
MBA, IIM Ahmedabad
Appario Retail ,Amazon, Supermax
Stellar Senior Leadership ...
Srivatsan Chari Ankit Solanki Sriram S Siddharth Sehgal
Co-Founder, Head of Product Co-Founder, CTO SVP - Enterprise Sales Head of Product (Enterprise)
B. Tech, BITS Pilani (CS) B. Tech, Mumbai University (CS) B.E, Madras University (Mech.) B.E, MS University Baroda (CS)
MBA, IIMK MBA, Shidler College of Business, NUS
Tata Comm, Airtel, Nokia, Microsoft Cognizant, Contix, Metro Infrasys
Dev Ramnane Prashanth N Rahul Roy Sumit Kawariya
VP - Enterprise Sales Director of Engineering Strategy, Enterprise Finance Controller
B.Engg, Nanyang (Singapore) MS, Clemson University (CS) B.Tech, IIT Bombay ICAI,WEP, Flipkart
Excelsoft, InMobi Linkedin, Appature, Microsoft, MBA, IIM Calcutta
AT&T Wireless, Vitria 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

We look forward to being your go-to GST partner

Simplifying Financial Lives |