Maximus has been honoured with an enviable recognition from the Central Board of Indirect Taxes and Customs (CBIC) for their outstanding performance in GST compliance during financial year 2023-24. This acknowledgment tops the commitment that the company shares to financial integrity and regulatory adherence in the ever-evolving landscape of Indian taxation.

CBIC, the apex body for the administration of indirect taxes in India, has recognized Maximus in two areas of its GST compliance:

• Timely filing of returns
• Punctual payment of GST

This recognition is evidence of the dedication and power of financial systems that Maximus has worked hard to inculcate in their corporate structure.

The Importance of GST Compliance

GST (Goods and Services Tax) compliance is paramount for businesses based in India. It not only ensures the honour of law, but also promotes our country's economic growth.

Maximus Approach to GST Compliance

Achieving this recognition wasn't easy. It resulted from all the hard work of the team over time. A few of the company’s goals in maintaining GST compliance regularly included:

• Using advanced software for tax management
• Receiving regular training and updates with regard to their finance team
• Creating and enacting strict internal audit processes
• Spreading a mindset of compliance across all departments

The Impact on Business

This award from the CBIC holds four major benefits for Maximus:

• An enhanced reputation and profile amongst stakeholders
• Greater credibility in dealings with regulatory authorities
• Increased potential to handle future matters of taxation more smoothly
• A strong increase in employee morale

“It isn't just an honour to be recognized by the CBIC in this way; it provides the opportunity and responsibility of making good on our promises for financial transparency plus regulatory adherence. As we express our thanks to the CBIC for giving us this recognition, we will also rededicate ourselves to maintaining the highest standards of tax compliance over coming years. Maximus is committed to conscientious business practices and regards observance of the tax laws as fundamental to sustainable growth and success. We are looking forward to building upon our performance and control in financial management under company and government guidelines alike even more,” said Uma Shankar, Maximus Software Founder, CFO, and CPO.