Business software company SAP has launched GST in a Box solution to help Indian organizations to become GST compliant.
SAP has also started a 21 city GST Health Check Drive to evaluate and educate organizations that are preparing for their transition to the GST regime.
The GST Bill, which is expected to be implemented on July 1, 2017, is one of the most significant tax reforms for the country and is a prime opportunity for businesses to transform themselves to thrive in the new age Digital Economy.
SAP, as an application service provider for GST, is committed to providing the necessary consultation and technology to efficiently adopt the GST policy.
SAP’s GST in a Box solution enables organizations to manage suppliers, customer engagement and supply chain in the new tax regime. GST Health Check Drive will cover Ahmedabad, Bangalore, Coimbatore, Delhi, Hyderabad, Kolkata, Chennai, Pune, Kochi, Jaipur, Indore, Ludhiana, Bhubaneshwar, Surat, Nasik, Chandigarh, Aurangabad, Vizag and Rajkot in a span of two months.
“We believe GST is capable of generating a more stable source of revenue for the nation. To make this tax regime real-time, effective and transparent, businesses will have to go digital,” said Neeraj Athalye, head, S/4HANA & GST Adoption Drive, SAP India.
Out of an estimated 4-5 billion invoice uploads that will happen every month, more than 40 percent of transactions will pass through an SAP system.
The tech partners of the GST Health Check Drive include YASH Technologies, vCentric, itelligence, Fujitsu, Softwin, Infocus, Entune, Corporate Serve and SAVIC.
