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SAP to offer customized solutions to help Indian companies’ transition to GST

18/05/2015 by Sharon Shahzad

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SAP India, a subsidiary of SAP SE reaffirmed its assurance to its customers and partners with regard to Goods and Service Tax (GST) reform in the country. SAP will offer a range of localized solutions which have the Indian tax functionalities integrated within the business process to help companies transition to GST. SAP laid out its plan to address GST legislation and showcased solutions that will equip Indian enterprises to provide greater transparency and effective management practices to support their tax compliance requirements.

The corporate landscape for GST is rapidly evolving with the proposed amendments and is expected to impact the Tax Structure, Tax Incidence, Tax Computation, Utilization and Reporting leading to a complete overhaul of the current indirect tax system.

Globalization Services (GS), the localization wing of SAP SE, has initiated a working model with customers by setting up individual workgroups, each of which focus on GST scenarios (including legal aspects) with respect to various industries, to ensure a smooth transition to GST.

The localized SAP GST solutions are designed to provide organizations with transformational opportunity by

- Providing common infrastructure and services including document and file management as per Central and State Government guidelines

- Building efficient and convenient interfaces with tax payers and tax administrators by leveraging SAP’s global experience

This article has been extracted from http://www.firstpost.com, please click on this link to read the article in full http://www.firstpost.com/business/sap-offer-customized-solutions-help-indian-companies-transition-gst-2250176.html

Montash is a multi-award winning, global IT recruitment business specialising in permanent and contract positions across mid-senior appointments, which cover a wide range of industry sectors and IT functions, including:

ERP, BI, Data & Analytics, Information Security and Assurance, Architecture & Strategy,Energy TechnologyDemand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

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