In an effort to help distributors comply with GST invoice submission norms, Karvy Computershare has launched a web- based workflow for IFAs called ‘GST Invoice Management Workflow Solution’.
This facility will help MF distributors raise and submit GST invoice, verify and e-sign it online. Once submitted, these invoices will be available for both IFAs and AMCs to complete their GST return filing. In addition, these invoices will be available for any future reference and download as well.
Karvy has also facilitated digital signature certificate to distributors. In fact, the company tied up with one of the service providers to offer special rates to IFAs. Digital signature enables people to e-sign or authorize their document through Government approved e-signature.
Sharing the rationale behind this initiative, Ravikumar Somasi, General Manager, Karvy Computershare said that the company wants to help distributors comply with GST invoice submission norms. “With the advent of GST, many distributors have to gear up to comply with the norms such as generating and issuing invoice, e-sign and timely submission. Hence, we have developed a platform for IFAs to deal with GST in a simple and time efficient manner,” said Somasi.
He further said that the platform would help distributors reduce paperwork and save time, which they can utilize to grow business.
Also, the solution will help AMCs track status of invoice submission, remind those not submitted, etc., he added.
