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Release Notes - Clear Finance Cloud

This page has details of new features release, enhancements made to existing features and bugs fixes.
Features with the tag EA are available selectively to certain customers. All other features are available to all customers who have purchased the relevant Clear products.
EA products/features are made available to customers on an invite-basis only. Customers can expect some bit of instability and bugs in the product since these will be early versions of the product/features. If you would like to get early access to these, please write to your account manager.

Release 24 | Feb 2024

Seamless compliance with new government regulations

This month, we have introduced an update to GST reporting per the latest government notification. Additionally, stability improvements have been done across modules, to enhance product performance and user experiences.
Key highlights of this release
  1. 1.
    Introduction of Table 14 and 15 in GSTR-1 forms, ensuring accurate and efficient reporting for e-commerce operators (CLEAR GST)
  2. 2.
    New APIs added to ensure reliability and operational efficiency (CLEAR E-InV)
  3. 3.
    New API to access and fetch eInvoice details for a GSTIN and return period (CLEAR IDENTITY - API)
  4. 4.
    TDS feature, allowing users control over TDS posted in ERP, and enhanced invoice posting with new cost allocations and backdated posting controls for Non-PO invoices. (CLEAR SUPPLY CHAIN)
  5. 5.
    Improved validations and ICV generation logic for better performance (GCC)

INDIA

Clear Compliance Cloud

Clear GST

Our GST filing product has been updated to align with the latest government notification (No. 26/2022). Now, it includes two new tables- Table 14 and Table 15, in GSTR-1 forms, enhancing reporting for e-commerce transactions as per section 52 and section 9(5) of the CGST Act, addressing tax collection and payment responsibilities for e-commerce operators (ECOs) and specified services.
These tables capture comprehensive details of supplies made through ECOs, facilitating compliance with the updated regulations. These additions are effective for GSTR-1/IFF forms starting from the January 2024 tax period, enabling
  • Enhanced Compliance: Ensure accurate reporting of e-commerce transactions, complying with the latest GST regulations.
  • Streamlined Tax Filing: Experience a more efficient tax filing process, minimizing the risk of errors and omissions.
Quick look:
  1. 1.
    For Table 14(i) - Supplies by E-commerce Supplier (Section 52): Input the ECO's GSTIN in the ClearTax Excel template to automatically populate values for supplies subject to tax collection under section 52.
  2. 2.
    For Table 14(ii) - Supplies by E-commerce Supplier (Section 9(5)): Set the flag to "3.1.1(ii) Furnished by person making supplies through ECO" in the ClearTax template's "Supplies u/s 9(5)" column to report supplies liable for tax collection under section 9(5).
For Table 15 - Details Furnished by ECO: Use the flag "3.1.1(i) Furnished by ECO" in the "Supplies u/s 9(5)" column and provide "E-Com Supplier GSTIN" and "Recipient Billing GSTIN" where applicable for accurate transaction reporting.

Clear E-Inv

  • Introducing 2 new APIs for E-invoice compliance validation.
    • API to validate the data for E-invoice generation to check the success of IRN generation. Sends success response upon passing validations and provides detailed error messages for failures.
    • API for validating NIC/IRP API credentials enabling users to check if credentials are correct or not.
  • Added support to aggregate line item level details (also supported for transformations) at the invoice level and print them on the invoice PDF.
  • Introduced API to attach digital signature to PDFs from SAP and Microsoft Dynamics ERPs, supporting file input in base64 format.

Clear Identity (API)

Purchase & Sales eInvoice Download API: Provides access to details of all eInvoices generated for a specific GSTIN and Return Period.
  • Key Features:
    • Accesses data of both Purchase and Sales eInvoices.
    • Retrieves comprehensive information including buyer and seller details, item descriptions, HSN/SAC codes, total invoice value, etc.
    • Capability to generate PDF of an eInvoice complete with IRN and QR code.
  • Ideal for lending companies for leads evaluation, eCommerce businesses, companies offering financial services aiming to automate the Sales and Purchase register recording process.

Clear Supply Chain

Clear Supply Chain

  1. 1.
    TDS: Allows the user to select TDS types applicable while posting an invoice. User will get an option to view all the TDS codes assigned against a vendor, select the applicable TDS codes for a particular invoice & then calculate & post TDS in ERP
  2. 2.
    Invoice upload via FTP: In addition to manual upload of invoices with FTP now users can upload the invoices to Clear AP using an SFTP folder
  3. 3.
    Invoice Posting Improvements:
    1. 1.
      Supporting new cost allocations for Non-PO invoices like Profit Centers and Work Breakdown Structure, for budget allocations
    2. 2.
      Backdated Posting - with proper controls, so that accounting team can do the posting mainly during the financial year-end

GCC

Clear E-Inv

  • Values forming the ‘Tax subtotals’ object are now validated at an aggregate level corresponding to each tax category codes against the aggregate value computed for the same tax category code from the line items. This is done to enable users to pass multiple 'Tax subtotal’ object for the same tax category codes.
  • The web portal now shows numbers in universally recognized comma-separated format, enhancing readability.
  • If a failed invoice is retried without correction, a new error message indicating duplication is returned. Also, the original error messages are now shown alongside to aid users in correcting validation errors effectively.

Release 23 | Jan 2024

Intuitive workflows and enhanced efficiency

Throughout this month, our emphasis has been on optimising your operational processes and ensuring adherence to regulatory standards. We've implemented measures to minimise repeated tasks, make workflows intuitive, and prioritise critical business requirements.
Key highlights of this release:
  1. 1.
    Electronic Credit Reversal and Reclaimed Report to comply with new government rules for reporting ITC (CLEAR GST)
  2. 2.
    Higher control and efficiency with ‘Bulk Error Report Download’ and ‘Delete History Flow’ (CLEAR MAX ITC)
  3. 3.
    Improved IRN/EWB generation success, better data handling, and enhanced handling for Eway bills, ensuring reliability and efficiency (CLEAR E-InV)
  4. 4.
    E-Invoice QR Code Validation API and GSP API Stack for efficient operations and reliability (CLEAR IDENTITY - API)
  5. 5.
    Direct ticket creation within the product, reducing the need for extensive interactions and touchpoints with customers and CSMs (SHARED SERVICES)
  6. 6.
    Autofill invoices with data from the government portal, 3-way matching, to identify discrepancies between GRN and invoices, and accelerated MSME invoice processing (CLEAR SUPPLY CHAIN)
  7. 7.
    Fixes and improvements like FU creation, auto bid acceptance, holiday aware action, multi-level authorization support for better user experience (CLEAR ANCHOR-ID)
  8. 8.
    Improved validations and ICV generation logic for better performance (GCC)

INDIA

Clear Compliance Cloud

Clear GST

Introducing ‘Electronic Credit Reversal and Reclaimed Report’ at GSTIN and PAN levels
  • Notification 14/2022 introduced changes to Table 4 of Form GSTR-3B to improve reporting of ITC:
    • The re-claimable ITC earlier reversed in Table 4(B)2 can be re-claimed later in Table 4(A)5 on fulfillment of necessary conditions
    • Re-claimed ITC must be explicitly reported in Table 4D(1).
  • To avoid errors, a new electronic credit and re-claimed report is introduced:
    • Tracks reversed ITC in Table 4B(2) and re-claimed ITC in Table 4D(1) and 4A(5) for each return period (starting August).
Benefits:
  1. 1.
    View/ download both at GSTIN as well at PAN level in a single shot to save time
  2. 2.
    Check opening and closing balance for different time frames to know about the unutilised ITC
  3. 3.
    View/ download the report for the larger time frame in a single shot for efficiency

Clear Max ITC

New ‘Bulk Error Report Download’ Streamlines Data Ingestion
  • Key feature: Combines multiple error files from different ingestion activities into a single, downloadable file.
  • Primary users: ERP customers who prefer batch error correction.
  • Current availability: Purchase use case.
  • Error file timeframe: Downloadable for the past 2 months.
Benefits:
  • Significant time-saver: Users can address errors in bulk, reducing overall time required for correct data ingestion.
  • Enhanced efficiency: Eliminates the need to access and manage multiple error files individually.
Introduction of ‘Delete History Flow’ in Max ITC
  • Details of deleted documents and a complete audit trail.
  • Recover deleted information from the past two months without raising support requests.
Improvements to existing features: Stability improvements to reconciliation, Table-4 and vendor payments.

Clear E-Inv

  • Improved IRN/EWB generation success with GSTIN status validation check and validation to prevent IRN generation for invoices over 30 days, for taxpayers with 100+ Cr turnover.
  • Improved Data Handling: Increased speed and efficiency in searching, filtering and saving e-way bills
  • Enhanced Error Handling for e-way bills: Improved handling of failure for duplicate EWBs and updating details on the portal, fetched from govt systems.

Clear Identity (API)

E-Invoice QR Code Validation API: Scan and validate e-invoices instantly, extracting detailed line item line item level details of the e-invoice.
GSP API Stack: Interact with the GST system to access taxpayers' information for compliance and KYC purposes. Key features:
  • Lookup Capabilities: Access data of return filings, HSN summaries, and sales/purchase registers, etc.
  • Popular APIs: Return APIs (GSTR1 Details, GSTR3B Details), Public APIs (Search Taxpayer, View & Track Returns Filing)
  • Ideal for E-commerce platforms onboarding sellers, Consumer and SME lenders, Companies providing KYC solutions

Shared Services

Support Desk in Product
  • 'Get in Touch' interface is replaced with a more robust Support Desk, with auto-capture functionalities for product-related data to provide faster resolution of tickets
  • Users can easily log support requests through the product UI, tickets will be automatically created and users will receive a unique ticket number immediately within the UI and through email.
  • Convenient tracking and management of tickets in the "All Tickets" section.
  1. 1.
    Direct Ticket Creation via Product:
  • User details are automatically captured, reducing the need for extensive interactions and touchpoints with customers and CSMs.
    • This includes a screenshot of the active screen, user email, product, GSTIN/TAN, and the last 10 API requests for efficient debugging.
  • Users can alternatively use the shortcut Ctrl+Q to open the ticket-raising window.
  • This flow functions best when customers report issues directly from the page where they encountered the problem.
  1. 2.
    History of Tickets: Users can now access a comprehensive history of their tickets directly within all products. This feature allows users to review previously created tickets, enhancing transparency and ease of reference.

Clear Supply Chain

Clear Supply Chain

  1. 1.
    Autofill invoices with e-invoice data directly from the government portal, reducing OCR dependency. The system fetches details from the GSTIN portal directly based on IRN, reducing manual review time and ensuring accuracy through a reliable data source.
  1. 2.
    GRN & 3-way Matching: AP users will have the option to manually enter or autofill the GRN for a particular invoice. Once the GRN is identified, they can also configure 3-way matching, to highlight any quantity discrepancies between GRN and invoices.
  1. 3.
    Accelerated MSME Invoice Processing: Processing MSME invoices within 45 days is a priority for Claer AP. The classification feature allows users to swiftly filter and process invoices from MSME vendors, streamlining the workflow for faster processing.
  1. 4.
    Introduced keyboard shortcuts for reloading pages and performing actions such as opening, navigating, editing, and filtering invoices. This improves the overall performance of invoice processing.
CLEAR ANCHOR-ID
  1. 1.
    Invoicemart 3.0: Tech enhancements for better user experience:
  • FU Creation eliminates duplicate invoices and resubmissions from Invoicemart End.
  • Auto Bid Acceptance for faster processing
  • Holiday Aware Action adjusts maturity dates to account for holidays etc.
  • Multi-level Authorization support for better management
  1. 2.
    Return Posting Failure Intimation: In case an invoice fails to be posted to the client's ERP, an email notification will be automatically sent to the Key Account Manager (KAM) and the Technical Support team, prompting them to look for the reasons and reinitiate resubmission.
  2. 3.
    Invoice Uniqueness Logic Change and Update values: The invoice duplicity maintained in the system is changed from ‘Vendor ID + Internal Invoice number + Vendor Invoice Number + Fiscal year’ to ‘Vendor ID + Internal Invoice number + Fiscal year’
  3. 4.
    System Update for Invoice Value Changes:
  • The system will automatically update the invoice details if there is a change in the invoice value.
  • This update applies to invoices in the open stage and uniqueness logic defined for invoices must be the same.
  1. 5.
    Platform Fixes and Improvements:
  • Performance Dashboard: Arrow buttons are added to give results for next 6 months.
  • Rejected Recovery and Auto Offer: Rejected recoveries and invoices are no longer automatically resubmitted through auto offer after rejection.
  • User Role Mapping Screen: Permission for new banks (Axis Bank/ DBS Bank/ HSBC Bank/ ICICI Bank/ Invoicemart) added in the user role mapping screen to ensure visibility of ‘Rejected Invoices.’
  • Bank Financing Display Improvement: Modified the bank financing case to display individual invoice-level interest rate in CSV.

GCC

Clear E-Inv

  • Validations for improved experience:
    • Relaxed validation on buyer country code for all invoices in line with ZATCA update. Now export invoices with country code ‘SA’ can be generated
    • Added a validation to prevent the generation of another document with the same document number in the same financial number irrespective of the type i.e. invoice/credit/debit note/prepayment receipt
  • Print PDFs can now be generated or converted using the APIs for prepayment or advance invoices
  • Updates to the ICV generation logic
    • For all cases where there is a genuine validation error from ZATCA which is corrected then a new ICV will be assigned otherwise the same ICV will be used
    • In case of retriable errors or if the ZATCA server has issues, or if there are validation errors from Clear, then a new ICV will not be assigned
  • Increased the number of digits that are accepted in the invoiced quantity field to avoid conversion of the value to scientific format
  • Fixed issues in all CSV reports where error messages are not populated correctly for failed invoices.

Release 22 | Dec 2023

Elevating User Experiences

Enhanced user experience is not just a goal but a guiding principle for Clear. This month, we have focussed on elevating each user touchpoint to ensure ease of use, seamless flow of documents, and improved efficiency. You will see this reflected in all the 30+ features launched this month across all Clear products. A few key highlights from this month’s release are:
  1. 1.
    Actions in 6A vs PR recon seamlessly flow to GSTR 6, and other improvements such as reports and delete history CLEAR GST CLEAR MAX ITC
  2. 2.
    Stability improvements in 2B vs PR recon to handle scale, and other improvements such as link / de-link documents via. excel ingestion and vendor’s G3B status in workbench CLEAR MAX ITC
  3. 3.
    Now create and pay challans directly from the product, and use token-based DSC instead of e-mudhra CLEAR TDS
  4. 4.
    Renew or upgrade within the product. Test out higher plan features for 30 days, free of charge! CLEAR GST
  5. 5.
    E-invoicing UI is revamped to make it more user-friendly, addressing gaps for easier and more intuitive interactions CLEAR E-INVOICING : INDIA
  6. 6.
    Improved invoice reviewing experience is enhanced with a summary listing completed checks and next steps for invoice processing CLEAR SUPPLY CHAIN
  7. 7.
    Paid invoices can now show payment reference number, payment date, and payment amount, and other improvements CLEAR SUPPLY CHAIN CLEAR ID
  8. 8.
    ClearTax E-Invoice utility for POS systems: Generate ZATCA compliant E-Invoice from anywhere without the requirement of continuous internet connection

INDIA

Clear GST

  1. 1.
    Enhanced Reports for Quicker Data Interpretation
    1. 1.
      One single sheet for all the GSTINs and PAN level summary
    2. 2.
      Headers are aligned to enable users to easily filter and get insightful information.
    3. 3.
      Changes made in the following reports:
  • Filed G3B
  • GSTR-1 vs 3B vs Books
  • GSTR-2B vs 3B Vs Books
  • GSTR-2A vs 3B vs Books
  1. 2.
    Support for 6A vs PR Reconciliation:
  • Distribute accurate ITC to branches by seamlessly linking documents from 6A vs PR to GSTR-6.
  • Just have to follow three simple steps
    • Run 6A vs PR recon
    • Taken actions on documents
Select the source as “6A vs PR”
All the data and documents accepted either in 6A or PR will seamlessly flow into GST-6, with pending documents automatically carried forward to the next months.
This streamlines the manual creation of the Final Purchase Register based on 6A and PR, enhancing overall efficiency.
  1. 3.
    Delete History Dashboard for clarity on deletions, audit trail, and reduced support requirements.
    • New dashboard for deleted document details and audit trail.
    • Recover deleted information from the past two months and minimize the need to raise support requests.
      • Track deleted invoices in the Document and Import History sections.
      • Currently supports GST (Sales, Purchase) at the document level.

Clear MAX ITC

  1. 1.
    Ingest ITC Action via Excel: The user can now export the recon results, take actions on excel, and re-ingest on the platform. The user can now not only take actions and remarks but can also link / de-link documents via excelNEW
Use the document linked to following the usage mechanism
Excel Ingestion - User Manual
  1. 2.
    Now users can check G1 / G3B filing status in Recon in 2B v PR. Even though the GSTR 2B does not share the said information, we are running GSTIN verification to populate such information
  1. 3.
    Toggle button on / off in VP 2.0 for ease of use of Vendor Payment for existing & new customers, without any delivery team dependency
  1. 4.
    Introduction of Sub-buckets INDUSTRY FIRST
  • Sub-buckets will give users a granular view of the matches enabling them to take actions at a higher speed and accuracy (Examples of sub-buckets are ‘Matched within tolerance’, ‘Matched at Vendor-PAN level’, ‘Matched but PR or 2B in-eligible’)
  • This feature enables users to:
    • Ease of use for the user since the sub-bucket automatically bifurcates the links in smaller buckets mentioning the reason of the link in that bucket
    • Easier way to claim ITC since the sub-bucket can be used instead of match status filter
    • Ease of correcting data due to incorrect accounting or incorrect reporting by the vendors

Clear Supply Chain

  1. 1.
    Invoice Reviewing Experience
    • The banner enhances the invoice reviewing experience of an AP user & helps save time by highlighting a summary of what validation/compliance checks have been done & nudges the user to take the next steps to process the invoice
  2. 2.
    Productivity: Features that enhance AP users' productivity & efficiency in processing invoices:
    • Expanded line items edit option
    • Quick Copy functionality in table
    • Custom columns/reordering List View
  1. 3.
    Labels allow users to tag an invoice for below use cases
    • Invoice Classification based on common errors, blockers
    • Workflow management using tags & filters
  2. 4.
    Import Invoice allows users to upload Import invoices (foreign invoices), extract the data, process & send them to ERP
  1. 5.
    Item Level Configuration sllows users to enable/disable columns at line item level & allows her to keep these as mandatory/optional

Clear E-INV

  1. 1.
    Enhanced User interface
    • Web product is revamped to make it more user-friendly, addressing gaps for easier and more intuitive interactions.
    • Accelerated page and filter interactions to provide quicker response (2x faster page load and filter refresh as compared to earlier)
Optimized ingestion process
  • Improved invoice ingestion speed and efficiency.
  • Streamlined error correction and updated workflows, making them more user-friendly.
  • Minimized the need for manual steps, simplifying the overall user experience.

Clear Supply Chain: Clear ID

Program Performance Dashboard Changes:
  1. 1.
    The dashboard is updated to show only the currently active bank products.
  2. 2.
    Now, when you switch companies, the dashboard accurately reflects the current company's results.
  3. 3.
    Added arrow buttons to easily navigate and view data from previous months/weeks in the dashboard.
Payment Reference Number introduced for Paid Invoices:
For paid invoices, you can now see the Payment Date, Payment Number, and Payment Amount. This information is retrieved from your ERP and is visible to both buyer and seller.
Password Format Changes - New User Creation:
When a new user is created, a default password is generated and sent to the user via email. The password format has been updated to include one special character (like @, #, $, %, ^, &, +, =!), one numeric character, one lowercase letter, and one uppercase letter.
Platform Fixes and Improvements:
  1. 1.
    Invoice Date Visibility: Invoice Date is now visible for vendors when they download CSV in all the screens - Amount under offer, Amount under clearing, Days received early
  2. 2.
    Default invoice data upload template: Lots of columns were present in the default invoice data upload template earlier. The count of columns is now reduced to 9 mandatory fields only, to simplify the process. These fields are - Vendor ID, Invoice Date, Buyer Invoice Number, Vendor Invoice Number, Invoice Amount, Due Date, Location, Fiscal Year, Invoice Type
  3. 3.
    Internal document number has been added in the Recovery section for both vendors and anchors, to eliminate duplicity.
  4. 4.
    Default posting configuration: Whenever a new anchor gets onboarded, a default posting information has been added to the system.
  5. 5.
    Invoice duplicity logic change and updation: The logic for handling invoice duplicity has been updated from “Vendor ID + Internal Invoice number + Vendor Invoice Number + Fiscal year “ to “Vendor ID + Internal Invoice number + Fiscal year”

Clear TDS

  1. 1.
    Challan creation and Payment: Now create and pay challans directly from the product!
    1. 1.
      Determine the monthly TDS liability and create challans based on deductions
    2. 2.
      Alternatively, create independent challans by Excel import.
    3. 3.
      Generate CRN for the generated challans in the Income-tax portal
    4. 4.
      Post payment direct import and tagging of challans to the deductions.
  1. 2.
    Based on customer demand, we have now introduced Token-based DSC support to digitally sign the TDS certificate:
    1. 1.
      Only the e-Docu signer provided by eMudra was supported to digitally sign the TDS certificates.
    2. 2.
      Now any token-based signature provided by any provider can be used to digitally sign the TDS certificates
    3. 3.
      Request, Annexure, Generation and Emailing of digital signature remains unchanged.

Clear Identity (API)

  1. 1.
    GST Unregistered Applicant Details & Verification (2 APIs): Designed for seamless onboarding and verification of GSTIN unregistered sellers/vendors. Useful for e-commerce platforms for Seller Onboarding, LCs for verification of unregistered Vendor during onboarding
  2. 2.
    UPI ID Verification: Validates authenticity of a given UPI ID. Useful for corporates, e-commerce companies, and startups, both during onboarding as well as during payment journey.
  3. 3.
    MCA Detailed API: Offers extensive breakdown of company details, including directorships, signatories, potential related parties, and charges. Useful for verifying legal compliance, financial position etc.
  4. 4.
    Company Financials: Provides comprehensive financial details of a company, including summaries, establishment details, employee numbers, and credit ratings. Useful for Lending Companies.

Shared Services

GST Auto-Renewals: Exclusively for selected customers- renew or upgrade within the product itself!
  • Alerts: Timely email and product reminders ensure you never miss a renewal.
  • Simple 3-Step Process: Review details, update billing, and choose payment method to renew.
  • Complementary License Upgrade: Test out higher plan features for 30 days, free of charge. After the offer period, you can revert to your current plan, or upgrade to the new plan.
  • Payment Process: Track payment clearance and receive receipts on successful payment.
Renewal & Upgrade flow: 60 days before expiry, users get notified via email and within the product to:
  • Renew their current licence
  • Upgrade to a higher tier and test it for 30 days, for free!
The GST Advantage user upgrades to Premium and sees details of the 30-day free trial, including the end date.
Click ‘Start’ and begin the free Premium trial for 30 days. Reminders on email and in-product keep you informed.
Review billing, choose payment, and close the renewal/upgrade.

GCC

Clear E-INV

ClearTax E-Invoice utility for POS systems: Generate ZATCA compliant E-Invoice from anywhere without the requirement of continuous internet connection
A truly offline utility that functions without internet to validate your invoice data, add mandatory fields and generates a ZATCA compliant E-Invoice with signed QR code that can be readily shared with the buyers on the spot. This offline utility is compatible with any POS system and can be installed easily to register devices to generate E-Invoices and also to generate E-Invoices itself. Accepts input data directly from the POS system and enriches it to make it a buyer sharable compliant E-Invoice. Reporting can be done to the government systems subsequently via a file upload strategy. All the E-Invoices generated would be visible on the ClearTax web portal and reports/corrections can also be made if required. NEW
More improvements and Fixes:
  1. 1.
    Added support to print/generate PDF for prepayment invoices
  2. 2.
    Added support to convert normal PDF to ZATCA compliant PDF/A-3 invoices for type prepayment invoices
  3. 3.
    Now force retry is accepted for invoices that are in ‘Pending’ status due to ZATCA server being unresponsive. Retry happens from our cron every 1 hour but in case a taxpayer retries a pending invoice then it will be attempted immediately
  4. 4.
    Updated the ICV logic for invoices that are failed by ZATCA with a blank error message. New ICV will not be generated and the previous one will be reused during subsequent reattempts
  5. 5.
    Updated the logic of business hierarchy API calls to handle 4040 errors in async E-Invoice generate calls
  6. 6.
    Updated the error message for cases where ZATCA error message is blank or in a different format so that no error messages in the response or reports is blank

Release 21 | Nov 2023

Date: 8th Nov, 2023

Boost your cash flows

Managing and improving cash flow is a key agenda for any CFO. For businesses to continuously invest in their growth, it is imperative to be cash-rich. Clear’s product and engineering teams have worked with a laser-sharp focus to launch products and features that help Indian businesses boost their cash flows. This month’s release focuses on three main pillars to accomplish this:
  1. 1.
    Fixing your cash flow problems at the root with faster and accurate invoice processing
  2. 2.
    Improving your working capital with an industry-first hybrid early payments program
  3. 3.
    Maximise ITC with innovative sub-bucketing and ‘terminal state’ of vendor payments

INDIA

Clear Supply Chain

Fix cash flow problems at the root: AI-powered invoice digitisation, validation, approvals, and automated invoice posting to ERP
AI-powered invoice digitisation NEW
Clear’s superior AI-powered OCR technology provides higher accuracy than other competitors. Invoices can be uploaded to the platform via multiple ways: E-mail, FTP, direct bulk upload, and vendor portal.
Once the invoice is uploaded on the platform, all header and line item data is extracted via OCR.
Invoice enrichment and validation NEW
On top of our OCR, we also have the capability to enrich the invoice fields from multiple other sources like EINV, QR, EWB, 2A, Purchase Order, Goods Receipt Notification, and Vendor Master. This feature adds value especially when invoices are of poor quality and OCR accuracy drops, the feature will ensure your overall digitisation accuracy stands at 95% on key fields.
45+ validation checks against EINV, QR, EWB, Purchase Order and Vendor Master to make sure the invoices are booked accurately in the ERP. This will also ensure there are no downstream impacts during payments or ITC.
Ability to run extensive 2-way and 3-way matching on invoices to make sure you account/pay accurately. The 2-way and 3-way matching feature is also completely configurable to suit every business need.
Approval workflows NEW
Once invoices are all digitised, validated, and assured of accuracy, some of them might require approvals from other stakeholders/P&L owners before they get posted to the ERP. You can use Clear’s robust approval workflow to set approval policies, so that the required invoices are approved before being booked in ERP.
In case you need to follow up with the approver or collaborate with other team members on a particular invoice, you can do that from the platform too. There is a built-in chat facility for seamless communication.
Automated invoice posting NEW
All invoices can be automatically booked in ERP. It seamlessly works both for PO and Non-PO invoices. And we have the feature of tagging the expense to the right cost center so that the expenses are booked at the right place.
We are currently live with a 2-way integration on SAP ECC and SAP HANA. Integration with other ERPs such as Oracle, Microsoft, and Tally will be live soon.

Clear ID

Improve working capital with an industry-first hybrid early payment program, new financing partners, convenient ways to onboard vendors and finance dashboard
Hybrid Early Payment Program INDUSTRY FIRST
Extend DPO (days payable outstanding) at no cost with Hybrid Early Payment Program: A unique product to avail longer credit periods with suppliers by leveraging funds from external financiers at lower interest rate. This provides a significant boost to the company's cash flow, offering more time for repayment and reducing immediate financial pressure.
Program performance dashboard NEW
A new dashboard has been launched to aid cash flow planning:
  1. 1.
    track due dates of payables across vendors and banks
  2. 2.
    identify gaps in available capital vs cash outflow due in the next 6 weeks
  3. 3.
    identify the savings generated from early payment programmes
  4. 4.
    impact on DPO (days payable outstanding)
Unified WhatsApp based vendor onboarding and transacting NEW
Improve vendor participation with a convenient channel for onboarding and transacting. Vendors can now be onboarded via a convenient WhatsApp channel owned by Clear. Vendors can also directly raise discounting requests via their mobiles.
Previously there were two separate flows for onboarding and transaction, but we have now integrated these two flows in one WhatsApp business number and incorporated additional features such as "Raise a ticket," "Contact us," and "Visit our website."
HSBC Bank as Financing partner NEW
Yet another banking partner has been added to the platform. You now have the option to select from the following financiers:
For MSMEs Only - Invoicemart and RXIL (TREDs Platform)
For MSMEs / Non MSMEs - Citi Bank, Axis Bank, ICICI Bank, DBS Bank, HSBC Bank

Clear Max ITC

Maximise ITC with innovative sub-bucketing and 'Terminal State' of vendor payments
Introduction of Sub-buckets INDUSTRY FIRST
  • Sub-buckets will give users a granular view of the matches enabling them to take actions at a higher speed and accuracy (Examples of sub-buckets are ‘Matched within tolerance’, ‘Matched at Vendor-PAN level’, ‘Matched but PR or 2B in-eligible’)
  • This feature is very powerful to -
    • Reduce mind-space for the user since the sub-bucket automatically bifurcates the links in smaller buckets mentioning the reason of the link in that bucket
    • Easier way to claim ITC since the sub-bucket can be used instead of match status filter
    • Ease of correcting data due to incorrect accounting or incorrect reporting by the vendors

More Improvements and fixes:

Clear GST

  1. 1.
    G1 Settings for Document Series and HSN Summary Auto-compute: You can now configure how Document series and HSN summaries are auto-computed, making it easier to manage these activities for PAN and multiple GSTINs, eliminating any confusion.
  1. 2.
    Pre-upload Validation for Inactive GSTIN: Enhanced pre-upload validations in GSTR 1 now provides accurate results for inactive GSTINs, improving data accuracy.
  2. 3.
    Increase in the Number of challans shown per page in G3B: You can now view and download a higher number of challan details on a single page. This allows for more efficient data retrieval in a single Excel file, simplifying your workflow.
  1. 4.
    In Product Announcements by GSTN: Stay updated with in-product announcements about advisories and GSTN changes, ensuring you are always informed of the latest developments.
  2. 5.
    Performance Boost for G9 and 9C Form: We've optimised data retrieval for G9 and 9C forms, enhancing overall productivity when preparing these forms.
  3. 6.
    Bulk Error Report Download: Using this functionality ERP users can now download multiple error files belonging to different ingestion activities in a single consolidated file. This will significantly reduce the time taken to correct errors. This is currently supported for Purchase documents and users can download the error files for the latest 2 months.
  1. 7.
    Licensing and Metering: Users can now track number of invoices ingested by them against the invoice count limits as agreed upon in the signed order form. An invoice will not be accounted:
  • If a document is duplicate and being overwritten
  • If a document is ingested and then deleted same
Note: This has now only been enabled for GST 2.0 for Sales and Purchase documents

Clear TDS

  1. 1.
    Challan and LDC tagging from UI:
    • Now TDS product can be used for monthly compliance checks rather than only for quarterly filing.
    • Challan details are no more mandatory while ingesting deductions details.
  2. 2.
    Option to append Digital signature only on the last page of TDS certificate: Now users can add digital signature only to the last page of the TDS certificate in addition to All pages and Custom pages.
  3. 3.
    Removal of PAN-Aadhaar linking status column from Deductee tab: Reporting portal is not providing the PAN-Addhar linking status. Now PAN-Adhaar linking status is available in TRACES, non-linked PANs will be flagged as 'Active & inoperative'.
  4. 4.
    Import Conso file changes: New section codes 194BA, and 194NF were introduced as a part of FVU 8.2 along with other changes. Conso files having those sections can be easily imported for making necessary corrections.
  5. 5.
    Validation for ITDREIN during 206AB check: Validation check for ITDREIN format. Expected value <TAN>.<2 Alpha><3digits>. Sample JLDA05637C.TU683
  6. 6.
    Other improvements:
  7. 7.
    Updation of latest utility to extract Justification Report - v3.0
  8. 8.
    Enabling removal of LDCs not tagged to any of the deductions from the return.
  9. 9.
    Correction return optimisation to fasten the detection of changes in correction return
  10. 10.
    Accurate definition of date range for challan file download during FVU generation.

Clear Identity (APIs)

New APIs have been added to the API Suites:
  1. 1.
    GSTIN Ownership Verification API: Verifies ownership of a GSTIN against provided Mobile and Email ID.
  2. 2.
    Contact Validation APIs: Validates Phone and email using OTP. Useful for Corporates that need a plug and play service to verify contact details during partner onboarding.
  3. 3.
    GST Unregistered applicant Verification APIs: Validates and provides details of unregistered GST applicants. Useful for ecommerce companies in Seller onboarding, NBFCs and other corporates for KYC of unregistered vendors/partners.
  4. 4.
    MCA Company Details API: Provides Company’s status as per MCA and additional information on as registration details, directorship information, filings, compliance status. Useful for due diligence of potential. Useful for Large corporates (partner due diligence) lending institutions.
  5. 5.
    Company Financials API: Provides extensive data on company’s financials such as paid-up capital, turnover, profits or losses, total equity, liabilities, and assets for a specific financial year, along with whether the data is standalone or consolidated. Useful for lending institutions.

Clear Supply Chain

  1. 1.
    Vendor Onboarding:
  • You can create a customised vendor onboarding form with document upload, validations (e.g., if PAN entered for AADHAR). You have the flexibility to decide which fields are optional or mandatory. Clear will provide a few standard templates.
  • Anyone in your org can send this form to any vendor to be onboarded. Vendor gets the form, fills it quickly like a Google Form / Survey Monkey
  • Vendor details are verified using 20+ KYC APIs while being filled out (viz. GSTIN validity, Bank Account validity and ownership, MSME status etc.)

Clear ID

  1. 1.
    Integrated ERP - Invoice Retrieval and seamless Return Posting: Invoices and vendor details are automatically fetched from Client’ ERP on a daily basis. It seamlessly works for PO invoices / Non - PO invoices / Credit- Debit Note/ Quality Rejects and all types of Recoveries. After the Financing is done, the system also does the return posting of all invoices. We are currently live with a 2-way integration on SAP ECC and SAP HANA, Oracle and Microsoft.
  2. 2.
    Anchor based Configurations: Platform allows multitude of configurations for anchors to manage the program construct:
  • Setting up Approval Workflow
  • Managing Payment Dates & Holiday Calendar
  • Interest Rates Assignment (Fixed/ Variable / Flat Rate)
  • Activate- Deactivate Vendors
  • Minimum Discount Config
  • Ability to add/delete banking product

Release 20 | Oct 2023

Date: 16th Oct, 2023

Uninterrupted compliance with new rules and tight deadlines for businesses in India and GCC

So far the year of 2023 has brought with itself 15+ new regulations for businesses in India and GCC. All of these changes have increased the cost of non-compliance for businesses.
In India, a new electronic credit and reversals ledger was introduced. DRC-01B and DRC -01C intimations were announced. 2 factor authentication was mandated on NIC for E-Inv and EwB generation. TDS for gaming companies was introduced.
The second half of the year is a fairly busy time for finance professionals. In addition to dealing with audits and the regular monthly compliances, there are indirect and direct tax related annual compliances to focus on. Businesses also need to prepare for seeing an increase in notices since the government will be sending out notices for FY 18-19 from Oct 2023 to 31st Dec 2023.
In GCC, phase 2 of ZATCA E-Invoicing was announced on 1st Jan 2023, creating another level of complexity for businesses. This move mandates that all businesses with annual turnover greater than SAR 3 Bn (wave 1) to generate ZATCA compliant E-Invoices for all B2B and B2C transactions.
To ensure that our customers have the assurance of compliance despite new rules and upcoming deadlines, Clear has enhanced its products. In this release, you will see 13 exciting new features and 15+ improvements to existing features across all products.

INDIA

Clear Max ITC

Track all deferred/unclaimed ITC claims with ease: first in market Table 4 automation, convenient ways to take claim actions and avoiding double claims
It is now mandatory to accurately declare all ITC reversals in the new ECRS. This means that every business in India will now have to improve the diligence on tracking all unclaimed ITC month-on-month, adding more burden to an already burdened tax team. Clear has released several new features to ensure all reversals are tracking accurately and with absolute ease.
Table 4 automation IMPROVED
Instead of a completely manual, complicated process of maintaining multiple excel sheets, tracking unclaimed ITC has been reduced to a simple 3 step process:
  • Run 2B vs PR reconciliation
  • Take ITC claim actions on each document (use filters to take actions in bulk)
  • Generate and review Table 4 (detailed calculation trail is downloadable from the platform)
    • You can now add custom columns in the downloadable excel to meet company-specific reporting requirements
    • A new column has been added in Table 4 excel report to clarify whether ITC has been claimed as per PR or 2B
Table 4 automation is also available in ClearGST.
Here is the user manual for running reconciliation and generating Table 4.
Convenient ways to take claims actions
Configurable settings: Users can now configure the reconciliation rules and match buckets (exact, suggested match etc.). Based on their accounting practice and risk tolerance, they can now determine which match should go under which match bucket. NEW
Example: Currently any transaction where the tax tolerance is within the limit (eg: Rs. +/-10) goes to Suggested Match bucket, and anything beyond that always goes in Mismatch bucket. With the new configuration, users now have an option to configure cases where Tax value as per 2B > Tax Value as per PR and beyond the tolerance limit under suggested bucket.
Actions via excel re-ingestion: Now update actions and remarks (including claim %) using excel. Simply export the recon results, take actions on the excel and re-ingest on the platform. NEW
Enriched recon results: 25 new columns have been added to the recon results excel. Some of the new columns added are filing frequency, vendor risk, amendment / deletion flag etc. This will provide you with information that help you take the right decision on ITC claims. NEW
Avoiding double claims
Actions taken on 2A v PR reconciliation(where G1 is filed) will now automatically traverse to 2B v PR recon thereby reducing double effort and avoiding dual claims. NEW

Clear E-Inv & EwB

Skip the OTP: No 2 factor authentication required on Clear
With Clear, you don’t have to worry about dealing with OTPs every time you login to NIC to generate E-Inv. This not only saves you time but ensures a hassle-free E-Inv generation experience. NEW

Clear GST

Meet your annual compliance needs: File GSTR 9/9C accurately in less than 1/10th time
Enterprises spend days to file GSTR 9/9C each year. Businesses can now rely on Clear to ensure that this return form is filed accurately in the minimum time possible.
  • One Click Download of Filed G1, 3B, 2B, 8A (Documents details), G9 (PY), Draft G9 for 19months for all GSTINs
  • PAN-level data preparation, reconciliation and filing NEW
  • Auto-preparation of 9C from draft GSTR 9
  • A comprehensive 19-point checklist ensures only 100% accurate data is filed and highlights any possible discrepancy
  • Compare different sources of data to determine the right turnover (TO), net ITC available/claimed etc.(Example: TO from filed G1, SR, filed 3B, G9 (CY)) NEW
  • View a month-wise break up of each source of TO, tax liability, ITC claimed to determine the right source for filing NEW
  • Option to select the source of data for filing the different tables of the form NEW
    (Example: Table 4, 5, and 9 can filled from GSTR-1, or SR)
  • View important reports right on this screen - G1 vs 3B vs SR, 2B vs G3 vs PR, Filed G1, Filed G3B, Filed G9 NEW
Here is a step-by-step guide for filing GSTR 9/9C on Clear.

Clear TDS

Improved user experience: Updated version of FVU, Edit challan details from UI and integrate with ERP
To make our customer’s experience even better and help them meet all upcoming deadlines for 27EQ, 24Q, 26Q and 27Q, the below new features have been released:
Updated version of FVU generation NEW
The govt released an updated version of the RPU utility on 1st Sept 2023. Accordingly, the FVU generation of forms 24Q, 26Q, 27Q and 27EQ has been updated on ClearTDS.
Edit challan details from UI IMPROVED
User can now make changes to
  • all the challan fields, where challan status is blank or unmatched
  • amount break-up only without impacting Total challan amount, where challan status is Matched
  • none of the fields if the challan is tagged to correction return
Integration with ERP NEW
Users can now send all relevant data for filing Form 26Q from their ERPs to ClearTDS

Clear Managed Services

For enterprises that want additional support in meeting their annual compliance needs, Clear’s expert managed services team can provide the below services:
  • Filing of GSTR 9/9C
  • Claiming of airline credits
  • Preparation of Form 3CD

More Improvements and fixes:

Clear GST
  1. 1.
    GSTR 7 and GSTR 8: Users can now perform the following actions in addition to PAN level capabilities already supported on the platform
    1. 1.
      Download the “Rejected By Supplier” information from GSTN
    2. 2.
      File NIL returns
    3. 3.
      PAN level error file post Upload to GSTN, similar to GSTR-1
    4. 4.
      Download Draft and Filed PDFs from GSTN, like GSTR-1 draft and filed PDFs
  2. 2.
    GSTR 6: View late fees information, if any, in GSTR 6 filing flow
  3. 3.
    Data Ingestion:
    1. 1.
      Support for Voucher merge option at GSTIN and Org level, while ingesting purchase documents
    2. 2.
      No longer need to map Custom fields in Custom mapper. Custom fields will be directly ingested without mapping if the same is added under “Custom fields” settings.
Clear TDS
  1. 1.
    PAN/Deductee tab: Addition of “Active & inoperative” filter, fixed the count of invalid PANs to exclude the PANs with Active & inoperative status.
  2. 2.
    TRACES Requested files: Handled the use-case wherein TRACES status is Available but no-files present in TRACES portal, there by re-setting the status to “Failed”
  3. 3.
    TRACES user id validation: TRACES user id should be no more 11 characters with no spaces
Clear Notice Management
  1. 1.
    Improved case handling experience for new cases received in case of errors in syncing with portal to ensure user knows what are the next steps to be done to resolve the error.
Clear identity (APIs)
Several new APIs have been added to the list of APIs already available:
  1. 1.
    HSN Search & GST Rate Finder API: Get GST Tax rate for a given HSN/SAC Code. Find HSN/SAC code for a given product/service name
  2. 2.
    FSSAI Verification API: Verifies FSSAI licenses by providing details such as license status, entity name, license type, address, list of products given license was given for.
  3. 3.
    Company Name to GSTIN Search API: Takes company name - full or partial, as input and gives list of legal names of companies that have the given search name and gstins associated with that name
  4. 4.
    Company Name Verification API: Takes company name - full or partial, as input and gives list of legal names of companies that have the given search name and pans associated with that name
  5. 5.
    International Business Name Search API: Search for, verify name of a company in ~50 countries
  6. 6.
    Driving License Details API: Verify validity and other details for a given driving license information
  7. 7.
    Vehicle Registration Details API: Verifies validity of the vehicle registration and provides details about the owner, the vehicle's details and the insurance details
Updates to existing APIs:
  1. 1.
    PAN Verification API: Added a new field panOperativeStatus classifying PANs based on Aadhaar linkage
  2. 2.
    MSME Verification API: New fields provide MSME classification history in addition to the latest year's MSME status
  3. 3.
    New API Versions released for 3 APIs - MSME Verification V2, MCA Status Check V2 and Bank Account Verification V2

GCC

Clear E-Inv - GCC

Be audit ready: Archive and store all your E-Invoices at a single place
As per ZATCA regulations, E-Invoicing data should be stored and archived by taxpayers for a period of six years plus one year which includes the financial year to which the document belongs to. Now, ClearTax offers you the option to easily access all the stored data which is older than 365 days from the new 'Archives' section. Access lite, detailed and offline reports from the archives page while pdf with embedded xmls can be accessed in the upcoming release. NEW
In case you have not yet opted for the data storage option then do it from the option available in the archives page or reach out to your account manager.

More Improvements and fixes:

  1. 1.
    Updated the ZATCA SDK to the latest version 3.2.6
  2. 2.
    New feedback module to capture the user’s experience with major flows within the E-Invoice product
  3. 3.
    Updated the QR Code generation step to match the timestamp in QR Code with the Invoice Issue time in XML which has to be in KSA local time
  4. 4.
    Detecting the branch code or store code from the filename of xmls
Release Note for GST: Release 19 of 2023
Date: 21st Sep, 2023
  1. 1.
    PAN level GSTR- 7/8
a. We are thrilled to launch the v1 version of GSTR-7/8 at a PAN level.
1. In this second version, users can now perform the following actions in addition to PAN level ingestion, preparation and upload to GSTN:
PAN level computation of liability which will calculate the Interest, Late Fee on GSTN and fetch it on app.clear bringing it more closer to E2E form
  1. 2.
    Autofill capability of challans similar to GSTR-3B
b. OTP active date was showing +30 days from current date and not +30 days from the date of activation. This issue has been resolved and users will see the correct date of expiry
Changes in GSTR-1
  1. 1.
    Pre upload validation improvements
a. Users were getting error during pre upload validation for cases which seemed incorrect. We have made fixes for the following cases which will improve user experience and user will not be facing the error
  1. 1.
    Validation error for suspended GSTIN
  2. 2.
    Validation error for active GSTIN due to status mismatch between GST portal and clear
  3. 3.
    Validation error for B2BA for previous FY and B2B in current FY
Changes in GSTR-6
File with EVC is now live for GSTR-6 which makes our form on app.clear an E2E GSTR-6 form. Users can complete the process easily on app.clear without even logging to GSTN portal
Changes in Reports
  1. 1.
    For all comparison reports like (G1 vs 3B vs Books, 2A vs 3B vs Books, 2B vs 3B vs Books) users will have the flexibility to show/hide books or G1/2A/2B data as per their need. User will also be able to download excel reports without books)
Changes in EWB vs Sales/GSTR-1 recon
  1. 1.
    There was a restriction to run EWB recon for a return period which is older than 12 months from the current month. This restriction is removed & EWB vs Sales / GSTR-1 recon is now supported for older return periods as well.
a. Only those users for whom the older return period EWBs are already available on the Clear Tax system will be able to utilize the same.
b. Note: When running EWB recon for older than 12 months, count of EWB docs available for the selected month will not be shown in the data preparation step prior to recon run.
c. In-case there are no EWBs to reconcile, EWB recon will fail stating there is no EWB data to reconcile.
d. EWB recon run for older return periods shall take longer time than usual as the EWB data needs to be retrieved from archives.
Changes in Ingestion
  1. 1.
    Adding of banner for users who only have branch level access and can’t access Forms, Reports and reconciliation
We came up with a banner on the UI for communicating with end users for no access to forms, reconciliation and reports if they have access to some branches and for getting access they need to connect with their admin for getting access for GSTIN/Pan level access to use above features.
  1. 2.
    Purchase and Sales Tax rate not visible on Ui while editing the documents
In the Edit flow on Ui for both sales and purchase if the user edits the tax rate having 3 decimal places and tries saving it , it gets rounded off to 2 decimal places. The above issue is now fixed .
  1. 3.
    Fixing of functionality of Get error file under import history
In Import history user was not able to download the error file on Ui under the actions tab, the fix for same has been done and now user after clicking on “ Get error file” can download the error file Seamlessly.
  1. 4.
    Fixing of amendment issue for GSTR-6 prepare page view sections for table 6A and 6C
GSTR-6 Prepare page view sections table 6A and 6C view was giving error "Error Occurred while fetching view data details" when the same file is re-ingested and duplicates are overwritten . This case is now handled and user will now be able to handle to view the sections without any error
  1. 5.