How does Zoho help with GST, TDS, and statutory compliance in India?
Zoho Books offers one of the most robust statutory compliance suites available in India, making it ideal for MSPs offering managed accounting services.
Functions include:
GST Auto-Calculation: Apply CGST, SGST, or IGST based on the nature of the transaction.
GST Filing: File GSTR-1, 3B, and 9 directly through Zoho Books.
Input Tax Credit Reconciliation: Match purchase invoices with GSTR-2A data.
TDS Deduction: Set TDS rates for vendors and deduct at the time of bill creation or payment.
Form 16A & TDS Certificates: Automatically generate and distribute certificates.
Audit Readiness: Maintain organized records and logs for compliance and inspections.
Zoho Books reduces the risk of penalties while improving reporting accuracy.
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