The way India does business will change forever after the GST bill is rolled out in July 2017. GST will lead to increased simplification of the tax levy and administration, and increased transparency, which will enable wide compliance and ultimately will unify the country as a single market.
India’s GST implementation is
expected to bring the unorganized sector under a uniform tax base and improve growth opportunities for the organized sector.
In the long run, this is expected to unburden not only the common man but SMEs as well.
Run Live with SAP
Implementation of GST will lead to 3-5 billion invoice uploads every month. SAP estimates that at least 40% of these will pass through a SAP-enabled system.
This gives SAP a huge responsibility to not just help businesses get compliant with the new law, but also ensure that businesses benefit from the GST vision.
Accelerate your GST journey with Partner Packages. Connect with us to get various SAP Qualified partner packages to assist you in your journey, from compliance to improved net profitability for your business.
Utilization in GST
Utilization undergoes a drastic change in the GST regime. The philosophy orients towards a ‘system of proof’
Master data Changes
Changes to Master data and the fields to be used in GST for identification and rate determination
Pricing configurations under GST
A detailed overview of the new configurations and changes to the existing setup in Pricing
Co-existence of Excise with GST
The impact of the introduction of GST on the existing system setup
SAP is a key enabler of business’ migration towards GST compliance and of the subsequent realization of improved profitability from business core transformation.
GST Reform – A Transformational Opportunity for Businesses in India
Enterprises will have an unprecedented opportunity to improve functional efficiencies and realize increased profitability by acting fast and executing on the GST vision by reducing total supply chain costs, while giving their end customers a better experience through fast and on-time delivery.
Read from GST update archive