According to an official, 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 GST management solution market.
In the near future, e-invoices will become mandatory as the government has been trying to plug leakages in taxes with importance being placed on e-invoices. Entities will need to adopt the digital system for that. Government has also been trying to encourage the same through basic free software for entities below Rs 1.5 crore turnover for adoption.
Logo Infosoft CEO Vinod Subramanian said that with government’s free software scheme, there will be huge increase in firms using GST softwares. 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. He claims that their solution can be integrated with digital payment and mobile PoS which are differentiator from other solutions.
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
