Ratan Tata backed eCommerce marketplace, Moglix has announced the launch of Green GST, an SAAS-based GST application solution for manufacturing units across the country. It will help the organisations in providing proper Goods and Services Tax (GST) support and develop to create supply chains of manufacturing units GST compliant ahead of 1st July.
Moglix founder & CEO Rahul Garg stated that “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”
Subrata Mitra, a partner at venture fund Accel Partners added that “B2B commerce is a fast emerging space and Moglix has been at the centre of it. Moglix has been simplifying indirect tax related issues for businesses at the grass-root of the 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.”
However, this launch will be coming on the back of Moglix’s GST filing solution to allow the medium to large-sized manufacturing companies file and reconcile their GST payments by using the Goods and Services Tax Network.