Busy Infotech: Making accounting & GST returns a child’s play with its pioneer Software
The year of 2017 became historic as it brought India in a list of one among the 160 countries in the world after having adopted the Goods & Services Tax. The tax could see the light of the day after much delayed and prolonged discussion. It came into existence with an attached slogan of “One Nation, One Tax”. However, it was like Pandora’s box for different sections throughout the nation.They were apprehensive of the module and its modus operandi. It had its complications and utterances which had created panic among many entrepreneurs and established business persons.
Capitalizing on this new found opportunity, many entrepreneurs came with their ostensible one-stop solution providing software, but except a few companies, not many could make a severe impact. Among those few successful providers, BUSY Infotech is a company which has garnered multitude of appreciations from a large pool of customers. It has pioneered the concept of GST accounting software in India with quite an ease. Not only has it transformed the accounting work for a wide range of setups but it has set an example for its peers to take learnings.
Busy GST-ready Software is being sold and supported all over the country through an ever-increasing network of Channel Partners. The company started working on the software long before the GST got introduced to the market. It fathomed the uproar and hodge-podge which was about to take place in different business setups. To provide its clients with GST-ready software, it researched on the new tax structure quite extensively.
The company started working on the recalibration of its software to embrace the transformation and revolution which the new Goods and Service were to bring across the nation. It had envisaged the new complexities people were to face. Returns had to get filed sequentially. A regular or casual assessee had to file GSTR-1, 2 & 3 for a month, in a sequence. In B2B cases, Invoice wise and Rate wise data had to be given in GSTR-1, irrespective of the amount and quantum of transactions. For businesses where quantum of B2B transactions was large, the size of data used to increase exponentially, resulting in issues in uploading the same on GST portal. It did not allow the assessee to adjust excess deposit of GST under one head with another. A buyer could not ensure that his supplier would deposit taxes and file timely returns. The buyer could be asked to pay taxes with interest if the counter party did not fulfill his responsibilities adequately. Reversal of input taxes could be done if the buyer did not make payment in 180 days. This was encroaching in the business relationship of the buyer and the seller.
The company came out with a solution by means of its GST-ready ‘BUSY 17’ which includes features like, Configurable GST Invoice/ Bill of Supply, GST Return in JSON/ Excel format, GSTR 2A Reconciliation, E-Way Bill, Generation, Automatic GSTIN Validation and much more. Apart from this, it has an Expense Audit Report as per GST. The company has introduced Flexibility to change GST Rates of Items w.e.f. from any date.
Besides GST features, Busy 17 comes with other business management features also like Comprehensive Financial Accounting, Multi-Location Inventory, Configurable Invoicing & Document Printing, Exhaustive Statutory Reports, Enquiry Management, Customer Support Management, Multi Location Management, Payroll Management, MIS Reports & Analysis, Checks and Control to provide highly advanced business accounting software for MSMEs.
Busy has been a leading Business Accounting Software in its domain. It became a trailblazer by introducing sales tax reports as 1994 which was not available in hitherto popular software in this domain. It is known for its user-friendliness and its commitment towards compliance and business management. The founders are having firsthand experience of working on ground level. This experience gave them upper hand which their rivals scarcely possess.
The company is working to build a detailed document on functions provided by the second tier of Busy. It seeks to identify partners with the capability of understanding user’s requirement and implement BUSY. Such partners would be called BUSY Channel Partners. It also aims to create a community of software developers who can customize BUSY and deliver BUSY Enterprise Solutions. Such developers would be called BUSY Solution Partners. Such partners would also be encouraged to write standard utilities around BUSY. These utilities, after due testing and quality control, would also be promoted through BUSY Channel Partners.
Mr. Harish Chander (Chairman): He is a science graduate having 49 years of experience of business with specialization in exports. He is the guiding spirit of the organization.
Mr. Dinesh Kumar Gupta (MD): An electronics engineering graduate from Netaji Subhash Institute of Technology, he is having 30 years of experience in IT industry. His experience includes software development, firmware development, hardware designing and customer support. Being one of the founders of Digitronics, Mr. Dinesh Kumar Gupta has more than 27 years of experience of managing business.
Mr. Rajesh Gupta (CTO): An electrical engineering graduate from Delhi Technological University, he has more than 26 years of experience in business software development. He started his career with customized software development but soon shifted the focus to packaged software. Leading a team of software engineers, he has been instrumental in the development of Busy.
Words of Wisdom
While interacting with Gupta duos, we got to know their success tips. Both the brothers emphasized upon having clear goals in life. They said that an entrepreneur should stick to his or her goal which provides energy and perseverance to achieve the goal.