Left Menu
Development News Edition

ClearTax aims for Rs 100 cr biz from online GST course


ClearTax aims for Rs 100 cr biz from online GST course
Image Credit: ANI

HIGHLIGHT

  • This course will provide them for a smooth transition to the new GST return filing system.
  • The company has set a target of training 75,000 tax professionals.

Financial Technology firm ClearTax has rolled out an online GST course with plans to generate Rs 100 crore business by March 2020.

The company has set a target of training 75,000 tax professionals, and more than 2 lakh businesses through a new e-learning course in partnership with online education platform Udemy.

"We expect to train 75,000 tax professionals, and more than 2 lakh businesses by our new e-learning course by the end of March 2020, before the launch of the new GST return filing system. This course comes at a cost of Rs 4,800.

However, the company is currently giving a discount of 25 percent till December 31," ClearTax founder and CEO Archit Gupta told PTI. At a discounted rate and full enrolment rate, the back of the envelope calculation shows that the company will be able to generate a business of Rs 100 crore.

"Businesses are expected to be hit with cash-flow problems in the first phase of the new GST return filing system which is due to be launched soon. The new GST return filing system proposes that businesses can claim input credit only after their suppliers upload sales invoices. This course will provide them for a smooth transition to the new GST return filing system," Gupta said.

(With inputs from agencies.)


TRENDING

OPINION/BLOG/INTERVIEW

Hyderabad Encounter: Time to review modern judiciary and restore people’s confidence

Its probably for the first time in the history of independent India, the parliamentarians, chief ministers and ministers in the Union and State governments are openly supporting an encounter. This indicates the people from top to bottom hav...

What happens to your outstanding loans if the bank falls?

... ...

Time for a change! Innovations to stop the growing plastic pollution

As the planet is drowning in plastic pollution, many new innovative approaches and solutions have emerged to effectively deal with the menace....

How to avoid fake universities and fishing bait like Farmington

As education sharks are roaming around to prey, we present a guide on how to mitigate hunters and reach to a genuine universityinstitute. In this era of commercialization of education, the fake universities and economic frauds in educationa...

Videos

Latest News

Sitharaman invites suggestions on easing GST filing process

Finance Minister Nirmala Sitharaman on Saturday invited those who are interested in providing suggestions on simplifying and easing the Goods and Services Tax GST filing process. A gentle reminder Today, 7 December, all GST offices will be ...

Pistons earn 3rd win over Pacers this season

Exactly one-third of the wins this season for the Detroit Pistons have come against the Indiana Pacers. Andre Drummond had 25 points and 22 rebounds and Blake Griffin added 25 points to lead the Pistons to a 108-101 home win over the Pacers...

Bolivia's ex-economy minister takes asylum in Mexico

La Paz, Dec 7 AFP Bolivias former economy minister, Luis Arce -- credited with steering the country through several years of strong growth -- announced Friday he had joined ex-president Evo Morales in Mexico, where he has been given politic...

Nets run away from Hornets in second half

Joe Harris pumped in 22 points, and the Brooklyn Nets produced a couple of significant second-half scoring surges to defeat the host Charlotte Hornets 111-104 on Friday night. Harris, a former Virginia standout, shot 8-for-13 from the field...

Give Feedback