GST helps Marg ERP see jump in revenues in Q2

The firm attributed hike in revenues to its GST-enabled and inventory, billing and accounting software

Introduction of the goods and services tax (GST) may have increased woes of small and medium enterprises, but IT solutions providers are not among them. 

For instance, revenues of Marg ERP, which is a trade specific inventory and accounting solutions provider, soared 300% to Rs 50 crore in the second quarter of the current financial year over the corresponding period of the last year.

The company attributed hike in revenues to its GST-enabled and inventory, billing and accounting software.

With the coming of GST, lakhs of small and medium-sized enterprises (SMEs) are going digital to get GST compliant, the company