Updates and recent posts about Magento 2 Multi Vendor Indian GST Extension..

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@faun shared a link, 11 months, 4 weeks ago

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Most AI spending driven by FOMO, not ROI, CEOs tell IBM

Only25%of AI projects actually deliver returns on investment. Yet,61%of CEOs are ready to double down and scale their AI agents. Surprisingly,64%jumped in headfirst, investing before the payoff even showed its face... read more

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@faun shared a link, 11 months, 4 weeks ago

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Cloudflare CEO: AI is killing the business model of the web

Google's dominance in search is fading due to AI, leading to a decline in traffic for content creators, threatening the web's sustainability... read more

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@faun shared a link, 11 months, 4 weeks ago

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Amid DeepSeek Threat Sundar Pichai-Led Google Ups AI-Generated Coding By Over 30% To Boost Productivity

Google now churns out more than 55% of its code with AI, a big leap from last year's 25%.Meanwhile, CEO Sundar Pichai plays it cool, warning we're still in the AI toddler phase. But they're not just tinkering. Google's diving headfirst into AI Modes with Search, aiming to flip the script for a billi.. read more

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@faun shared a link, 11 months, 4 weeks ago

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Foundation Model for Personalized Recommendation

Netflixhas given its recommender system a makeover with a foundation model similar toLLMs. The goal? Turbocharge efficiency and scalability by making member preferences the star of the show. They turned user interactions into tokens, kind of like BPE in NLP, and employedsparse attentionto zero in on.. read more

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AI use damages professional reputation, study suggests

Duke University reveals a startling twist: AI tools like ChatGPT don't just supercharge work; they also slap users with unfair labels.Lazy. Replaceable. These biases stick to everyone, demographics be damned. Even when productivity soars, fellow workers and bosses often question AI users' competence.. read more

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Alibaba’s ‘ZeroSearch’ lets AI learn to google itself — slashing training costs by 88 percent

Alibaba researchers developed ZeroSearch to train large language models (LLMs) to search for information without using real search engines, reducing costs by up to 88%. ZeroSearch outperformed Google in experiments, demonstrating the potential for AI systems to simulate search and reduce reliance on.. read more

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@faun shared a link, 11 months, 4 weeks ago

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3: Think Deeper, Act Faster

Qwen3sets itself apart with its dazzlingHybrid modes. Flip between deep thought and rapid-fire replies. A magician capable of juggling complexity and speed. Themassive 235B modelthrows elbows with the high rollers in AI town. Meanwhile, the nimble30B MoE variantdazzles with its frugality, flexing st.. read more

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@faun shared a link, 11 months, 4 weeks ago

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‘AI is already eating its own’: Prompt engineering is quickly going extinct

AI prompt engineering has vanished as a standalone job, absorbed into general AI roles. New AI roles demand deeper technical expertise and are reshaping the job market quickly... read more

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@faun shared a link, 11 months, 4 weeks ago

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OpenAI plans to release a new 'open' AI language model in the coming months

OpenAI's having a change of heart. Picture a reluctant flipper resting on the high-dive, finally plunging into open waters. They're ready to unleash an“open” language model, thanks to pressure from competitors likeDeepSeekandMetawho have been living the open-source dream. CEO Sam Altman has conceded.. read more

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Coding emerges as generative AI’s breakout star

AI coding tools are revolutionizing software development, with many developers already using them for efficiency gains. OpenAI's latest model ranks in the top competitive coders percentile, showing rapid progress in reasoning abilities. AI coding tools are set to support huge context windows, potent.. read more

On the 1st of July 2017, the Indian government introduced the Goods and Services Tax (GST) to the general public. This tax replaced pre-existing taxes with a destination-based, multi-stage, indirect tax system. The GST applies to all eCommerce and Magento stores within India. The World Bank has stated that the GST is one of the most complex tax systems worldwide due to its intricate nature.

As the GST is bifurcated into multiple tax slabs, it has become more difficult to implement such a complex taxing system in Magento 2. Managing a multi-vendor marketplace entails dealing with numerous vendors who sell various products on your platform.

This necessitates the computation of GST tax rates based on the product and its category, which can be intricate due to varying tax brackets. An automated system is needed to collect and accurately compute vendor tax rates.

The Magento 2 Multi-vendor Indian GST Extension, also called the Magento Multi-vendor GST Module by MageComp, confidently calculates GST for products sold through your Magento stores by vendors. The module fully complies with the Indian government's GST standards and prominently displays the vendor's GST number and summary in all Magento order documents.

Why choose MageComp’s Magento 2 Multi Vendor Indian GST Extension?

Allows admins to enable/disable the module for global, category, and product-specific configuration.
Orders that are placed with the GST module showcase a detailed bifurcation of tax rates in the order view, credit memos, invoices, new order emails and PDFs.
The GST module displays a detailed SGST and CGST tax bifurcation in the order details.
The module automatically calculates IGST, CGST and SGST based on the products added to the cart.

Benefits of Multi Vendor Indian GST for Admins

Allows admins to mention their GSTIN, CIN and PAN number in all order details.
Admins can import the product-specific GST via a CSV file.
Admins have the option to include or exclude GST tax rates from the product prices.
Admins can easily set their business origins and apply IGST (interstate Magento GST)
The module allows the admin to upload an image and a digital signature to display in invoice PDF.
Admins have the option to generate detailed GST reports based on orders and products.

Benefits for Vendors

Vendors are allowed to add their GST number to all invoices and other documents.
Vendors can set a GST rate from the backend grid while creating a product.
Vendors can also set a minimum order price to apply GST rates.

Benefits for Customers

Customers can enter the buyer’s GST number to signup.
Customers can update their buyer’s GST number any time they want from their account grid.

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