Friday, 16 June 2017

India`s GST launch spawns tech cottage industry for compliance

India's new Goods and Services Tax (GST), its biggest tax reform since independence, will unify a $2 trillion economy into a single market - and demand massive changes for small businesses that will have to go online to file their taxes. Major software and service players, IT companies and tax advisers are teaming up to market GST compliance products to firms large and small. But the new requirements have also led to the emergence of boutique players offering to help firms connect to the new GST Network, the vast IT back-end system that will crunch up to 5 billion invoices a month.

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