ALSO READ81% goods under 18% tax bracket, 4 tax slabs for goods and services finalised under GST Flipkart, Amazon, Snapdeal flag worries over TCS clause in GST Flipkart, Amazon, Snapdeal flag concerns over tax laws in GST Differentiated tax in GST good for beverages sector: Coca-Cola Bill for implementing GST introduced in Karnataka assembly
Industry body CMAI and IT giant TCS have collaborated to develop a software for textile & garment manufactures, traders and retailers to alert them about Goods and Services Tax (GST) compliance. "We have launched GST compliance software 'Adhigam' for textiles, garment manufacturers and retailers, in association with TCS and Shah Chambers. "Priced at an extremely reasonable level, the software has unique features for highlighting the levels of compliance.
The software automatically sends reminders to a vendor or a supplier, who has not paid tax at any stage in textile value chain," said Clothing Manufacturers Association of India (CMAI) president Rahul Mehta in a statement here. A manufacturer will also know which vendor in the value chain has not paid the tax. Hence, the garment manufacturer can guide the vendor to pay the levy, he said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)