Source: GST India
HIGHLIGHTS
GST has given birth to GST service providers who will help businesses register, upload electronic invoices
GST is spawning a $2 billion-3 billion industry comprising service providers, chartered accountants and consulting firms
Source: Sakal Times
Pune: Several cities in Maharashtra, including Pune, Nagpur, Kolhapur and Aurangabad, are likely to witness a boom in warehousing after the implementation of Goods and Services Tax (GST) from July 1.
Source: Sakal Times
Pune: The small traders are believed to be the last segment of the Indian population to accept and be ready for the implementation of Goods and Services Tax (GST). According to Sanjay Phadke from Vayana Network, retail traders especially those dealing in Fast Moving Consumer Goods (FMCG), will not be ready for GST implementation.
“India is the only country that is doing it (invoice-to-invoice matching). This is unique…People will have to comply or they will fall out of the GST chain,” Raistrick told ET in an interview. In an interview with the ET, David Raistrick of Deloitte brings forward a major impact that Invoice to Invoice matching will have…
DetailsSource: Sakal Times
PUNE: The level of preparedness for the implementation of the Goods and Services Tax (GST) among the industries in the country is very low. While the businessmen were expecting the date of implementation to be pushed forward to September or even next year, several companies are now scrambling to prepare for GST rollout from July 1.
Source: Express Computer
In normal trade around 20% of invoices do not reconcile for a variety of reasons, and can block significant working capital in the GST scenario. This can be solved with technology. Vayana Network provides a simple way for buyers and sellers to get their trade transactions reconciled, filed and financed
BENGALURU/NEW DELHI: The Goods and Services Tax Network (GSTN) which is building the technological infrastructure for the implementation of GST, has finalised 34 companies as the GST Suvidha Providers (GSPs), which will offer support and services to help taxpayers and businesses in compliance. The GSTN had released an initial list of 48 companies from over…
Details