"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 Rahul Garg, Founder & CEO, Moglix.
Rahul further adds, "In these interesting times, Moglix stands at a unique confluence of expertise in technology and the manufacturing supply chain. We are excited about the tremendous opportunity for our customers to enhance their business footprint using our technology and analytics capabilities."
Subrata Mitra, Partner at Accel Partners, India, the venture that has given seed funding to the e-commerce marketplace says "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."
Anurag Srivastava, Co-Founder of Jungle Ventures, another venture capitalists who have put their stakes in Moglix, says, "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."
Manufacturing sector is the least digitised compared to other sectors in India. Today, only 20% of manufacturing units are using digital in their supply chain management. With GST on the anvil, this number is expected to go up, as it will be mandatory for businesses of all sizes to file their indirect taxes online as per the new tax regime.
In making manufacturing units GST complaint, Green GST is also tackling the challenge of making vendors - mostly small manufacturers and traders - ready for the new regime.
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