AHMEDABAD: As Gujarat prepares to implement the Value Added Tax next month, it will also be the first state to simplify the process by totally computerising it through a Dealer Accounting Software (DAS).
DAS is easy to use software for businessmen where they feed in the data about their sales and stock situation and the software will compute the tax payable. It will also keep the traders updated about any notifications or updates.
The software can be downloaded free of cost from the Gujarat government's website www.commercialtax.guja-rat.gov.in after a registration process wherein they need to provide details of their business along with their Tax Identification Number. "In 48 hrs since the website was launched, over 800 dealers have registered and downloaded the software. We are expecting about 3,00,000 dealers to register during the first week of April. The idea is to simplify VAT for businessmen and the response has been phenomenal," minister of State for finance Saurabh Patel said.
The software has been developed by Tata Consultancy Services. The TCS team has been working on this software for over a year now, but Gujarat is the first state that has finally implemented it.
Moreover, plans are afoot to enable online filing of returns and payments as well. The Sales Tax Department will henceforth be known as Commercial Tax Department (CTD). "The CTD is expecting to collect revenues worth at least Rs 10,900 crore during the next financial year. Other states who have already implemented VAT have reported increase in tax revenues by as high as 30 per cent. We are expecting an immediate jump of at least 20 per cent," Patel added.