It will provide organisations with end-to-end Goods and Services Tax (GST) compliance support and has been developed to make supply chains of manufacturing units GST compliant ahead of July 1 rollout, the company said in a statement.
The solution leverages Moglix’s expertise in digitizing supply chains and enables filing of GST, reconciliation of invoices, maintaining dashboards for multiple plants and warehouses, and managing taxes for various locations and cross-border trading among others.
The company also said it will extend its existing commerce ecosystem to consolidate small vendors, thereby enabling manufacturing units to operate in a compliant atmosphere.
The solution will be offered on a 30 day free trial to users or companies with turnover less than $4 million. Post the trial, companies will have to bear a subsidized costs related to GST Suvidha Provider (GSP) transaction, for up to 2400 invoices a year for a single user.
This launch comes on the back of Moglix’s GST filing solution that was introduced in December 2016 to allow mid-to-large-sized manufacturing companies file and reconcile their GST payments with the Goods and Services Tax Network (GSTN).
“Moglix’s Green GST is aligned with the government’s One Country, One Tax vision. Our solution will help India’s manufacturing units become fully GST compliant within their supply chain, in an effective and efficient manner. Through this solution, Moglix hopes to make its contribution to making India future-ready, and also help promote a clean, green and transparent business environment” says Moglix founder & CEO Rahul Garg.
"B2B commerce is a fast emerging space and Moglix has been at the center of it. Moglix has been simplifying indirect tax related issues for businesses at the grass-root of supply chain, and with the launch of Green GST they are all set to make the ecosystem GST compliant. We are very excited about the potential scale of the opportunities ahead." said Subrata Mitra, partner at venture fund Accel Partners that provided seed funding in October 2015.
"Manufacturing as a sector is going to experience many changes and challenges with the roll out of GST. Moglix having dealt with multiple situations in this regard, viz. export-import, inter-state warehouses, and a 2,000+-supplier eco system, has an understanding of both supply chain and tax complications. Translating this expertise in to an ASP is a good move." said Anurag Srivastava, co-founder of Jungle Ventures, another seed investor in Moglix.
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