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Machwan Communication & Research Pvt. Limited
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Machwan sees technology playing a vital role behind GST revenue increase

Finance Minister Arun Jaitley has called this a “landmark achievement” and a “confirmation of increased economic activity”. April 2018 recorded the highest collection of revenue from the new indirect tax , amounting to ₹1,03,458 crore.

The collection crossing 1 Lakh Crore plus, not only becomes a landmark achievement but also an indication of an improved economic climate, introduction of E-way bill and improved GST compliance. 69.5% return were filed for March and April showing a rise in compliance. Moreover, compliance is set to increase with e-way bill. Reverse charge and invoice matching when implement will further augment the scenario.

But beyond this transition and tumultuous task technology played a vital role. GST revolutionized and directly affected the conventional taxation system and all businesses were forced to go digital through adopting technology. E-Way Bill, an electronic way Bill is another step forward into digitizing the transportation domain. The near real time data push from user’s ERP to E-way bill application is bringing reforms in current business operations.

As a result, the technology market both solution and device manufacturers ( e.g. plug-and-play and GST-ready computers) saw steep climb in their revenue. Technology players such as SAP, Tally, Payworld, Dell, Marg ERP & Lenovo tie up , Acer and several others benefitted from this massive shift. Considering the base data of NSSO (2013) there would be at least 15 million retailers and thousands of offline and online ventures would all come under the new tax net. Experts opined that they would likely to spend over Rs 35,000 crore in the next 2 years to comply with the new regime.

visit us at http://www.machwan.com or call us at 9821880986 for more information.
#DatabaseManagement #DevelopingSalesChannel #LeadGeneration #WebinarAndEventServices
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10+ years of experience and have managed campaigns for several industry leaders across verticals and segments.
visit us at www.machwan.com or call us at 9821880986 for more information.
#DatabaseManagement #DevelopingSalesChannel #LeadGeneration #WebinarAndEventServices
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May this Holi bring together colors of happiness and prosperity, success and joy, success and achievements. Happy Holi
Visit Us @ https://www.machwan.com

#Lead #Generation #Database #Management #Company, #LeadManagement, #SalesLead, #DataManagement, #DatabaseGeneration, #Sales #Channel #Development, #Webinar, #Market #Intelligence, #Competition #Analysis, #Customer #Reference #Program
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Wishing You A New Year Filled With New Hopes, New Joy & New Beginnings.
Happy New Year 2018

Visit us @ www.machwan.com
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Machwan Communication & Research Pvt. Limited

Come in WE’RE Hiring!!!
Visit us @ www.machwan.com/submit-resume
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Clean India should be the responsibility of every citizen. Team Machwan has started the initiative to clean the office surroundings.

#SwachhBharat
#CleanIndia
#GreenIndia
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8/19/17
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WISH YOU ALL A HAPPY INDEPENDENCE DAY

#IndependenceDay
#ProudToBeAnIndian
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