sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Service Tax »
 Advance Tax 2018 benefits for salaried employees, professionals, small business, married couples, seniors, homeowners, families
 Step by Step Guide for GST Enrolment for existing Central Excise /Service Tax Assessees
 Here’s all you need to know Income tax benefits on education costs for individuals
 How to track your income tax refund status? Check out details and step by step guide
 The Central Goods And Services Tax (Amendment) aBill, 2018
 How to get registered under goods and services tax
 Service Tax can’t be Levied on Activity of Collection of VAT on behalf of Commercial Tax Dept
 Why you should worry about June 15 advance tax date
 Five reasons why you should start your investments in tax saving funds now
 Income Tax Department Releases All 7 ITR Forms Check Details About New IT Forms
 Income tax benefits for senior citizens: Here is all you need to know in brief

Simple GST, thanks to SAP and Assocham's tech resource centre
October, 28th 2016

Technology company SAP and industry body Assocham on Wednesday launched a knowledge-sharing resource centre to help organisations manage changes in their business processes and information systems as a result of the upcoming Goods and Services Tax (GST) roll-out.

The resource centre, called SimpleGST, will be a one-stop portal for businesses and will provide information on key areas such as tax computation, master data management and business process localisation.

“GST has opened up opportunities for businesses in over 160 countries and helped them move beyond the physical constraints to expand exponentially by harnessing digital prowess,“ said DS Rawat, secretary general, Assocham.

The roll-out of the new GST regime will necessitate over 51 million SMEs in India to consider reinvesting or redefining their business processes.

“It is estimated that over three to five billion invoices will be uploaded on GST Network every month, and over 40% of these transactions will be processed through an SAP system,“ said Neeraj Athalye, head of SAP S4HANA, SAP Indian Subcontinent.

At a panel discussion during the launch, participants said rerouting supply chain and compliance are two important parts for effectively imple menting GST. Automation and encapsulation of the compliance measures into the IT systems of these organisations is imperative, and early preparation and planning is the key to a successful GST implementation. Efforts such as this are currently focussed at answering some of these questions and smoothening the transition for businesses.

“SAP now sees a huge responsibility to get India Inc compliant with the upcoming law and is thus working in close collaboration with customers across industries, the overall ecosystem (including GSTN) to provide solutions for a smooth transition to goods and services tax (GST),“ said Arun Subramanian, VP, Globalization Services, SAP India.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions