Leading B2B commerce start-up Moglix has announced the launch of its GST (Good and Services Tax) technology for the manufacturing sector. In its endeavor to boost the manufacturing sector, Moglix aims to empower SME to large suppliers and buyers through its GST technology to file indirect taxes seamlessly, while maintaining a close vigil on the 100% reconcilability of the entire value chain.
Recently, Moglix partnered with a couple of GSP applicants to demonstrate its GST technology to the GSTN (Goods and Services Tax Network) panel for taxpayers and businesses to achieve 100% compliance.
Moglix has been working with 200+ large enterprises and 40,000+ SMEs on their supply chain and B2B commerce, powering them with its integrated digital supply chain technology.
Its technology is uniquely placed to gear them up for the GST compliance challenge looming large from the next financial year. With an increased focus of GOI on indirect tax collection and leakage, this is going to be an "adapt or perish" choice for everyone in the ecosystem.
"Taxation and compliance has been a long-standing pain point in the ecosystem where easy and simple technology will help Indian industry scale up significantly, to compete in the global arena", said Rahul Garg, Founder and CEO, Moglix.
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