Empowering MSMEs with News & Insights

'Adhigam', software launched by CMAI, enables traders to scan existing invoice & convert it into a GST compliant invoice

Updated: Jun 23, 2017 05:35:01am
image

'Adhigam', software launched by CMAI, enables traders to scan existing invoice & convert it into a GST compliant invoice

New Delhi, June 23 (KNN) Union Textiles Minister Smriti Zubin Irani congratulated the Clothing Manufacturers Association of India (CMAI) for launching ‘Adhigam’ software to make GST easier for manufacturers and traders.

She said 'Adhigam' enables traders to scan existing invoice & convert it into a GST compliant invoice thereby analysing Input Tax Credit Linkages.

The software offers multi lingual solutions and essentially aims at making the small manufacturers and traders GST ready. The software also enables traders to scan the existing invoice and translate it into a GSTN-compliant invoice.

It operates on the principle of inter-locking and will enable matching and marrying of Input Tax credit of invoices in the value chain, with automatic reminders to the vendor to pay tax where he has not done so.

The Ministry of Textiles on Thursday had organized a full-day training workshop on GST in the national capital in which about 175 officials of the Ministry, its PSUs and members of Export Promotion Councils participated.

The workshop was held in partnership with National Academy of Customs, Excise and Narcotics (NACEN) under the Department of Revenue, Ministry of Finance.

Several transition issues relating to procedures to be followed on registration, migration, refund, credit for duty paid on stock, etc. were discussed in detail during the demonstration sessions.

The workshop is one among several steps taken by the Ministry of Textiles towards building preparedness in the sector, for seamless transfer to the GST mode.

Besides this, all Export Promotion Councils and PSUs under the Ministry have been directed to train their officials and open call-centres to address concerns of the industry.  The officials will then constitute a resource pool to train others in each EPC/PSU. A GST cell, headed by the Economic Adviser, has also been set up in the Ministry for this purpose.

COMMENTS

    Be first to give your comments.

LEAVE A REPLY

Required fields are marked *