i-Tax success in corporate world

India (SANEPR.com) August 20, 2008 -- Any statutory affairs are not less than any nightmare for Indian businessmen. SME and Large companies are deploying special departments and spending core of Rs. on systems for dealing with these statutory affairs. Companies has to deal with
• Submission of statutory returns ( soft copy & e-filing)
• Manufacturers or Dealers has to submit weekly, monthly, half yearly & yearly Excise statutory returns to Excise Department.
• If register under service tax then they will have to submit ST-3 quarterly or monthly return.
• In case of Tds they have to print FORM 16 A
• e-filing returns
• VAT monthly & quarterly return.
• If any company doing VAT-billing in different state then they have to submit different format for different state.

Corporate invest large amount of money on ERP system but Major Global ERP only provides computation part in ERP. All these ERP wants to stay away from statutory requirement, as result users of these ERP have to do circus to generate above mentioned documents and returns. These ERP users use Excel file or standalone software for their Excise, Service Tax, TDS and Vat practices, which creates unnecessary
• Duplication of work.
• Scope for Reconciliation with legacy system
• Waste of manpower
• Misleading and time consuming decisions

“Many leading ERP developers and Implementers are considering Udyog as Taxation Solution for their clients. These ERP vendors are attracted by Successful deliveries of integrated i-TAX with some of leading ERP. i-TAX gives full fledge solution to their existing client.” Said Mr.Pravin Sawant (VP- marketing Udyog Software I Ltd)

Mr.Pravin Sawant proudly says that “Today we are chosen by company Like Visteon Automotive Systems India Pvt.ltd, AutoLiv Safety Systems india P.ltd , OMRON AUTOMOTIVE COMPONENTS INDIA PVT. LTD for Localisation Module. They found that i-TAX is the right Taxation solution along with their QAD ERP.”

i-TAX is the DREAM product of Mr. Arun Dixit ( CEO –Udyog Software (I) Ltd). This product is enhanced with SQL back end for database and 1KEY (BI Tool) for reporting. i-TAX comes in modules of Excise, Service Tax, VAT, TDS and Financial Accounting. All modules are optional. These are ready to use, at the same time highly customizable modules. Buyer can opt for required modules or combined.

We have completed the product development for EOU & SEZ which are under implementation stage at Implementation along with couple of well known ERP Products

NO ERP Development – Our software is very well accepted in Manufacturing and Trading industry as result we are getting regular orders for ERP. We feel that our expertise lies in Indian Taxation, and that is our core competency. Hence we would like to concentrate on our Taxation only, and not to compete with world ERP leaders. Instead we would like to shake hands with all leading ERP providers for delivering integrated India taxation with their ERP.