Compliance Disclaimer

1. KaratX Is a Business Management Tool

KaratX is a cloud-based SaaS platform that provides operational and management tools for jewellery businesses in India. It is designed to help jewellers manage inventory, orders, billing, customer records, karigar workflows, and related business functions.

KaratX is not a compliance product. It is not designed, certified, or intended to serve as a substitute for professional legal, financial, tax, or regulatory advice.

2. GST and Tax Disclaimer

KaratX provides tools to generate invoices, record transactions, and maintain financial records. All such outputs are based entirely on data entered by the Subscriber.

KaratX does not verify the accuracy, completeness, or GST-compliance of data entered by Subscribers
Invoice formats, tax calculations, and financial reports generated by the Platform are based solely on inputs provided by the Subscriber
It is the Subscriber's sole responsibility to ensure that all invoices, tax filings, and financial records comply with the Goods and Services Tax Act, 2017 and all applicable rules and notifications thereunder
KaratX does not file GST returns, interface with the GSTN portal, or act as a GST Suvidha Provider
Nothing generated by KaratX constitutes tax advice

Subscribers are strongly advised to engage a qualified chartered accountant or tax professional for all GST and taxation matters.

3. Hallmarking and BIS Compliance Disclaimer

KaratX provides inventory and tagging tools that allow jewellers to record purity, weight, and other product attributes. These tools are provided for operational convenience only.

KaratX does not verify, certify, or validate the purity, hallmarking status, or BIS compliance of any jewellery item recorded on the Platform
Recording a purity value or hallmark number in KaratX does not constitute BIS certification or compliance
It is the Subscriber's sole responsibility to comply with the Bureau of Indian Standards (BIS) Hallmarking of Gold Jewellery and Gold Artefacts Order, 2022 and all applicable mandatory hallmarking regulations
KaratX bears no liability for any penalty, seizure, legal action, or regulatory consequence arising from a Subscriber's failure to comply with hallmarking regulations

4. Consumer Protection Disclaimer

KaratX facilitates the management of customer records, schemes, loyalty programs, and sales for jewellers. However:

KaratX does not regulate, monitor, or enforce the terms of any scheme, loyalty program, or sale conducted by a Subscriber through the Platform
It is the Subscriber's sole responsibility to ensure their business practices, customer schemes, pricing, and representations comply with the Consumer Protection Act, 2019 and all applicable consumer protection regulations
Any dispute between a Subscriber and their customer is entirely a matter between those parties
KaratX — Profit Plug is not a party to any transaction, scheme, or agreement between a Subscriber and their customer and bears no liability in connection with any such dispute

5. Open Subscription Model and Verification Disclaimer

KaratX is available to any individual or business entity in India that registers an account, selects a plan, and completes payment.

At this time, KaratX does not independently verify:

The legal registration status of a Subscriber's business
GST registration or GSTIN validity
BIS or hallmarking licence status
Any other business licence, permit, or regulatory approval

By subscribing to KaratX, the Subscriber represents and warrants that they are operating a lawful business and that their use of the Platform complies with all applicable laws and regulations. KaratX — Profit Plug bears no responsibility or liability for the unlawful or non-compliant operation of any Subscriber's business.

6. Financial Records Disclaimer

Ledgers, account statements, vouchers, and financial reports generated within KaratX are management tools only. They are based on data entered by the Subscriber and have not been audited, certified, or verified by any professional or regulatory authority.

These outputs:

Do not constitute audited financial statements
Are not a substitute for books of accounts maintained under the Companies Act, 2013 or any other applicable statute
Should not be submitted to any regulatory authority without independent professional review and certification

7. No Warranty of Regulatory Adequacy

Profit Plug makes no representation or warranty that use of the KaratX platform, in whole or in part, will ensure compliance with any law, regulation, or regulatory requirement applicable to a Subscriber's business.

Regulatory frameworks change. It is the Subscriber's responsibility to stay updated on applicable laws and ensure their business practices and use of KaratX remain compliant at all times.

8. Limitation of Liability

To the fullest extent permitted by applicable law, KaratX — Profit Plug shall not be liable for any penalty, fine, legal action, regulatory consequence, business loss, or damage of any kind arising from:

A Subscriber's failure to comply with GST, BIS hallmarking, consumer protection, or any other applicable law
Errors, omissions, or inaccuracies in data entered by the Subscriber
Any reliance on Platform outputs for legal, tax, or compliance purposes
Any third-party claim arising from the Subscriber's business operations

9. Governing Law

This Disclaimer is governed by the laws of the Republic of India. Any disputes arising from this Disclaimer shall be subject to the exclusive jurisdiction of the courts of Ratlam, Madhya Pradesh, India.

10. Contact

For any queries related to this Disclaimer:

Email: privacy@getkaratx.in
Address: Profit Plug, Ratlam, Madhya Pradesh - 457001, India