GST, India’s largest indirect tax reforms, affected many companies that have implemented SAP in India. Many business processes have changed. Following impact is expected on SAP system:
- Provision for interface with GST Network for reconciliation and filing of GST Returns
- Changes to business processes as deemed necessary for GST implementation
- Implementation of SAP’s GST note and changes to all configuration related to indirect taxes
- Update Chart of Accounts, Customer/ Vendor/ Material masters and Pricing/Tax condition records
- Realignment of open transactions, inventory and credit balances as per GST provisions
- Conversion of Excise/ Sales Tax/ Service Tax Registers, Forms & Reports to as per GST provisions
- Provision for interface with GST Network for reconciliation and filing of GST Returns
Ken’s Approach:
- Upgrade support pack for GST implementation
- Migrate from Tax code based procedure (TAXINJ) to conditioned based procedure (TAXINN)
- Implement SAP GST solution
- Test all the relevant scenarios
- Update master data
- Cutover and Go live