India: Software to send alerts on GST noncompliance is here!
The Clothing Manufacturers Association of India ( CMAI) in partnership with Tata Consultancy Services ( TCS), an Indian multinational information technology service, consulting and business solutions company, has developed a software for apparel manufacturers to alert them bout
Goods and Services Tax ( GST) compliance.
Priced at Rs. 18,000 for the initial six months, the software highlights the stage of noncompliance of GST. It automatically sends reminders to a vendor or a supplier who has not paid a tax at any stage in the textile value chain. From cotton traders to ginners and fabric manufacturers, anyone found non- compliant of the GST will be identified through this software.
“This is a unique software developed by TCS and is being launched for the betterment of textile manufacturers at a minimal cost. A garment manufacturer knows which vendor in the value chain has not paid the tax and hence the garment manufacturer can guide the vendor to pay their tax,” said Rahul Mehta, President, CMAI.