Streamlining Multi-Location GST Filing
Industry: Health and Wellness Products
Scale: 26 locations across India
Challenge: Multi-Location Return Filing Management
Background: Herbalife India, a global nutrition company, was facing significant challenges in managing GST compliance across their 26 locations in India. The company struggled with Manual coordination of return filing across multiple locations, Meeting strict filing deadlines consistently, Resource allocation for compliance management, Risk of errors due to manual processing.
Solution Implementation: Our team floTax by Wepsol implemented a complete managed filing service solution:
- Dedicated Resource Allocation
- Assigned a specialized team member from floTax for Herbalife’s compliance
- Established clear communication channels with all 26 locations.
- Created standard processes for data collection & verification
- Extended Support System
- Implemented flexible working hours during peak filing periods
- Established FloTax team backup for critical deadlines
- Quality Control Measures
- Implemented multi-level validation checks
- Created standard templates for data collection & upload
- Regular review meetings with stakeholders
Measurable Outcomes:
- Compliance Efficiency – 100% on-time filing achievement across all locations.
- 98% reduction in manual data processing time.
- Zero penalties due to delayed filing
Resource Optimization :
- 60% reduction in man-hours spent on return filing
- Eliminated need for location-specific tax resources
- Streamlined communication process
Key Learnings & Best Practices:
- Multi-Location Management
- Importance of centralized coordination, standardized processes across locations, Value of streamlined communication channels
- Quality Assurance
- Value of multi-level validation systems, Importance of standardized templates, benefits regular stakeholder reviews
The Herbalife case study demonstrates the effectiveness of implementing a comprehensive GST compliance solution for multi-location businesses by floTax. The success factors include dedicated floTax team allocation, standardized processes & robust quality control measures supported to achieve Herbalife’s requirements.
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