A leading consumer electricals brand is using CashFlo's GST Check & hold product to ensure no loss of ITC and vendor GST compliance

CashFlo's GST check and hold product solved the vendor's GST compliance for this client. The GST check and hold enabled the team to know which vendors have filed the GST against which invoices, at the time of releasing the payments. The solution also gives visibility on the GST filing behavior of their vendors. The client has implemented the policy of holding back the GST component of the payment with a simple toggle button at the time of releasing the payment. This automatically ensures that the vendors file GST on time.