The CA Month-End Headache
For most fashion store owners and garment retailers in India, the end of the month means hours spent digging through bill books, verifying tax rates, separating CGST/SGST/IGST, and formatting Excel sheets for their Chartered Accountant (CA). In apparel, this is further complicated by price-point slab changes (e.g., different GST rates on garments below and above specific price thresholds). RetailIQ solves this with one-click, CA-ready GST report exports.
How RetailIQ Automates GST for Fashion Retailers
1. CA-Ready Formats
CAs don't want a messy dump of invoices; they need clean, structured spreadsheets showing transaction dates, tax rates, taxable value, CGST, SGST, IGST, and HSN codes. RetailIQ's GST Summary Report compiles all sales and return transactions into the exact spreadsheet format your CA requires, reducing tax filing preparation time from days to seconds.
2. Automated Multi-State Tax Rules
If you ship orders to customers in other states, your software must correctly apply Integrated GST (IGST) instead of Central and State GST (CGST/SGST). RetailIQ checks the customer's shipping address and automatically splits the tax appropriately during invoicing and compiles it cleanly in the monthly reports.
3. HSN Code Mapping
Apparel products must carry correct HSN codes on invoices and tax reports. RetailIQ lets you pre-map HSN codes at the category level (e.g., shirts, trousers, innerwear) so every generated invoice is 100% legally compliant, making return filings audit-proof.
What's Included in Your 1-Click GST Export?
- B2B Invoice Details: Invoices generated for corporate/GST-registered buyers.
- B2C Small/Large Sales: Daily consumer sales broken down by tax slabs.
- Credit/Debit Notes: Returns and adjustments tracked with original invoice links.
- HSN Summary: Consolidated tax report grouped by HSN code.
Experience Effortless GST Filing
Try RetailIQ's automatic GST reporting today. Sign up for a 14-day free trial and see how easy tax compliance can be.
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