SISL Infotech bets big on SMB-push for GST coverage
Dated 12th December, 2016
Having secured a place among the short-listed service providers for GST, fast-growing startup SISL Infotech is looking to provide significant coverage under the new taxation regime with its online reach to more than 20,000 small and medium-sized businesses.
SISL Infotech, which also runs TechJockey.com for providing online business software solutions, is among the 34 firms shortlisted GST Suvidha Providers (GSPs) alongside giants like TCS, Deloitte and EY.
These GSPs will provide the taxpayers with a number of value-added services under the new indirect tax regime, in addition to maintaining their individual business ledgers (sales and purchase ledgers). They will help the businesses, taxpayers and SMBs (Small and Medium-sized businesses) comply with the GST (Goods and Sales Tax).
The list of shortlisted GSPs was released last week by the GSTN, the company that is tasked with building the world's biggest and most complex tax framework.
SISL Infotech, a new-age IT consultancy and software re- seller founded by SRCC graduates Akash Nangia and Arjun Mittal, said it has seen more than 200 per cent growth rate in the few years of existence.
Nangia, who was formerly with Zomato, said, "We have already been trying to disrupt the software selling landscape in the SMB space with our own online platform techjockey.com.
"It is a totally untapped space and with the current government's focus and push towards a cashless economy, the bread-and-butter softwares can be bought off the shelf online even from tier-2 and tier-3 cities." He further said, "Techjockey.com would push maximum coverage as a GST Suvidha partner because of its online reach and already existing traffic of more than 20,000 SMBs who procure other relevant softwares through the portal." Both Nangia and Mittal graduated from Shri Ram College of Commerce (SRCC), Delhi University and are directors at SISL Infotech and Techjockey.com.
(This article is published in Money Control on 12 December, 2016)