New Delhi: A web portal to help traders and other stakeholders transition to the upcoming Goods and Services Tax (GST) regime has been launched.
Through the portal, businesses can ascertain the impact of GST on their business, profits and revenues and also understand steps for smooth transitioning to the new indirect tax regime that is likely to be rolled out from July, Reina Consulting, which has launched the website, said in a release.
By using free basic tools, small traders, service providers and manufacturers can determine their financial gains under GST on a real-time basis by simply inserting their existing purchase and sale details, Ankur Jain, the Partner of the firm, said.
Large businesses can use advanced tools on the portal, gstimpact.com, for obtaining a detailed report on GST's impact, the company said.
The report highlights various factors contributing to the gains apart from advisory on vendor negotiation, logistics management, vendor re-negotiation under GST regime. Reina Consulting claims to have a team of indirect tax professionals with vast experience.