In it’s bid to assist the Micro, Small and Medium Enterprises (MSMEs), software giant TCS has collaborated with Laghu Udyog Bharati to come up with content related to the newly implemented Goods and Services tax (GST).
Under the collaboration, TCS through its unit TCS iON, a GST Shiksha hub will be launched considering the queries pertaining to the MSMEs. This hub will be updated in real time with all the developments happening around the GST.
The prime focus of the initiative is to help the sector with any GST-related information at comfort. The MSMEs can simply visit the hub and get access to the GST related content. The collaboration is expected to help the last mile micro units in the remote parts of the country to access the information on the One Nation One Tax regime.
The model of the hub would be to supplement the knowledge around the new taxation as well as to address the different queries of the sector.
The Goods and Services tax was implemented on July 1, marking it as one of the biggest tax reform in the country.