Clothing Manufacturers Association of India (CMAI), the premier apparel body, in association with Tata Consultancy Services (TCS) has developed software to alert the garment manufacturers about GST (Goods and Services Tax) compliance.
The unique software is being launched today for the betterment of textile manufacturers at a minimal cost. From cotton traders to ginners and fabric manufacturers, anyone found non-compliant of the GST will be identified through this software.
The best part of this software is that it identifies the stage of non-compliance and sends automated reminders for tax compliance.
Rahul Mehta, President, CMAI said that a garment manufacturer knows which vendor in the value chain has not paid the tax and hence the garment manufacturer can guide the vendor to pay their tax.
Priced at Rs 18,000 for the initial six months, the software has a unique feature for highlighting the stage of compliance. The software automatically sends reminders to a vendor or a supplier who has not paid a tax at any stage in the textile value chain.
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
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