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Robotic Process Automation (RPA) for GST Input Credit Claims: dMACQ Introduces GST Analytics Package
With the introduction of Goods and Services Tax by Government of India last year, all businesses are required to pay GST on all good and services rendered. The provider of goods or services adds GST to the total invoice, collects the GST from the customer, and then pays the GST to the government using the GSTN portal. Thus, a company pays GST for all raw materials purchased including stationery items and furniture, pays GST on rent for premises (above a minimum limit), pays GST for all travel expenses including air or train tickets, as well as GST on any hotel stays by its employees. For a large company, GST-related invoices can run into several hundreds to thousands per day and it can quick