The Manufacturing sector in India contributes to just 16% of India’s GDP but there is a huge potential to grow the numbers as India is predicted to be in the top 3 by 2050. As per the research by PwC, India will be the fifth largest manufacturer in the world by 2020.
With the introduction of GST, the movement of goods between the states has become seamless as there is a single unified tax structure. This will bring down the cost of production and due to input tax credit claiming, there will be an increased cash flow too.
Your manufacturing business needs a one stop software which can take advantage of the GST and help you run the business effectively and effiGST is our answer.
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