Moglix Green GST provides transparency in Manufacturing Space

Moglix has unveiled “Green GST” for manufacturing units across India. Aimed at improving transparency and digitization in the manufacturing space, the tool will provide organizations with end-to-end Goods and Services Tax (GST) compliance support. The Green GST solution will be offered free of cost for a 30-day trial period to a user or companies with a turnover below US$4 million. Post the trial, if the user is willing to continue, they will have to bear a subsidized costs related to GST Suvidha Provider (GSP) transaction. The cost will be valid for up to 2,400 invoices a year for a single user. The solution has been developed to make supply chains of manufacturing units GST-complaint ahead of the law implementation on July 1, 2017.

Green GST is a feature-rich solution for filing of GST, reconciliation of invoices, maintaining dashboards for multiple plants and warehouses, and managing taxes for various locations and cross-border trading. Moglix will extend its existing commerce ecosystem to consolidate small vendors, and create a compliant atmosphere for manufacturing units to operate in. This comes on the back of Moglix’s GST filing solution 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 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.”

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 rollout of GST. Moglix having dealt with multiple situations in this regard, viz. export-import, inter-state warehouses, and a 2,000+-supplier ecosystem, has an understanding of both supply chain and tax complications. Translating this expertise into an ASP is a good move."

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.

Tags: Moglix, Green GST, Goods and Services Tax, GST, GST Suvidha Provider, Goods and Services Tax Network, GSTN, Rahul Garg CEO Moglix, rahul garg moglix