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“Being a channel partner, we have to clear all our old stocks and try to keep our tax liability clear for the current tax regime. As from 1st July, 2017 onwards, billing has to be done as per GST. We have to keep a close track on each and every transaction so that we do not have a tax refund to claim or any other compliance issues,” adds Amarnath Shetty, Managing Director, LDS Infotech.
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