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
« General »
 Income Tax Return filing season is here – Check top tricks to save money
 What is Income Tax Clearance Certificate? For whom is it a must?
 Don’t forget to mention these small things while filing income tax returns
 Wondering about your eligibility to file Income Tax Return?Read on
 Income Tax Return filing: How to link Aadhaar number with PAN card?
 India notifies rules for income tax computation for foreign firms
 How to save income tax by rejigging your salary
 How to fill tax exempt income and bank details section in ITR1
 Interest income from an NRO account is fully taxable in India
 Income tax payers filing appeals before ITAT will have to provide information relating to the amount locked up in dispute
 GST, infrastructure status drive PE investments in warehousing

How companies are getting ready for India's biggest tax reform
June, 30th 2017

Intensive training programmes, task forces, workshops and getting software ready — some of the ways in which companies in India have been preparing for the goods and services tax, just hours away from rollout.

GODREJ CONSUMER
The company is GST ready in terms of invoicing, billing and enterprise resource planning (ERP) systems and has also invested a lot of effort in training all distributors.

“We expect to consolidate our C&FA (clearing and forwarding agent) footprint and reduce the number of C&FAs by around 15%,” said Managing Director Vivek Gambhir. Godrej Consumer sells GoodKnight and Cinthol.

NIELSEN
“Manufacturers should keep in mind that GST compliance for wholesalers might be more challenging than direct trade, making it important to support them to ensure that the trade pipeline remains at healthy levels. Similarly, organised trade channels like ecommerce and modern trade should continue to be backed.

Learnings from demonetisation suggest derisking the total channel play by planning for higher throughput through multiple channels,” said Prasun Basu, president, Nielsen South Asia.

BHARTI AIRTEL
Several teams across functions have been working on a war footing for the past few weeks to ensure Bharti Airtel is ready to make the transition to GST by midnight, said a senior company executive. They are currently engaged in ensuring the GST registration process is complete and the company's IT, billing and accounting systems are suitably rejigged to migrate to GST on schedule.

Jio, he said, has closely worked with service providers, vendors, distributors and all ecosystem partners to ensure smooth and easy data flow of GST using various input mechanisms, including the application program interface (API)-based seamless integration with accounting and billing software across functions.”

An application program interface (API) is a code that allows two software programmes to communicate with each other.

CELLULAR OPERATORS ASSOCIATION OF INDIA (COAI)
Director General Rajan Mathews said “all operators have been working in all earnest to comply with the July 1deadline, but are faced with genuine challenges, primarily IT compatibility and circle alignment, going forward”.

Mathews has urged the government to align telecom circles with state boundaries and also provide for centralised assessment mechanisms under GST.

COAI represents all GSM telcos in India, including Bharti Airtel, Vodafone India, Idea Cellular and newcomer Reliance Jio Infocomm.

NOKIA INDIA
Sunil Sayal, CFO-India market, Nokia, said the multitude of last-minute GST-related guidelines and clarifications coming in from the government side were throwing up implementation challenges for global network vendors like Nokia.

“There are plenty of guidelines and clarifications still coming through from the government, which are posing some last minute challenges which can impact Day-1 GST readiness. For example, the recent guideline on Harmonized System of Nomenclature (HSN), which mandates companies to quote four digits of the HSN (code) instead of the standard eight digits. This will require corresponding changes in the system before July 1,” Sayal told ET.

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