Clothing Manufacturers Association of India (CMAI), the premier apparel body, in association with Tata Consultancy Services (TCS) has developed a software for garment manufacturers to alert them about GST
(Goods and Services Tax) compliance.
Priced at Rs 18,000 for the initial six months, the software has a unique feature for highlighting the stage of compliance. The software automatically sends reminders to a vendor or a supplier who has not paid a tax at any stage in the textile value chain.
"This is a unique software developed by TCS and is being launched today for the betterment of textile manufacturers at a minimal cost. The best part of this software is that it identifies the stage of non-compliance and sends automated reminders for tax compliance. 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.
From cotton traders to ginners and fabric manufacturers, anyone found non-compliant of the GST
will be identified through this software.