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GST Compliance Solution Add-On
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GST is a new way of handling indirect taxation in India. GST replaces some existing tax regimes providing benefits such as:
![Reduced tax complexity Reduced tax complexity](https://www.rpminfotech.com/wp-content/uploads/2017/04/tax.png)
Reduced tax complexity
![A simplified taxation system with fewer variables A simplified taxation system with fewer variables](https://www.rpminfotech.com/wp-content/uploads/2017/04/taxes.png)
A simplified taxation system with fewer variables
![Greater tax transparency Greater tax transparency](https://www.rpminfotech.com/wp-content/uploads/2017/04/transparency.png)
Greater tax transparency
![A reduced administrative burden A reduced administrative burden](https://www.rpminfotech.com/wp-content/uploads/2017/04/boss.png)
A reduced administrative burden
![Unified taxation Unified taxation](https://www.rpminfotech.com/wp-content/uploads/2017/04/join-files-button.png)
Unified taxation for the country and individual states
![Economic and employment benefits Economic and employment benefits](https://www.rpminfotech.com/wp-content/uploads/2017/04/economic-investment.png)
Economic and employment benefits
Key Functions
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* Subject to the changes as the latest annexure of the GST law.
Impacted Processes/ Functions/ Departments
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Procurement to Pay (P2P), Manufacturing
Impact Sub-areas
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Withdrawals of area based incentives impacting cost of sourcing
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Consolidation of the Warehousing, Logistics and Distribution facilities
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Renegotiation of the transportation and logistics contracts
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Transition of the key suppliers and strategic vendors
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Implications of imports of key ingredients and supplies to vendors
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Stock transfers between suppliers
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Tolling and sub-contracting arrangements
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Procurement of inputs exempt from taxes/inputs out of the GST regime (E.g. certain type of fuels and petroleum products)
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Duty free movement of goods
Key Imperatives
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Re-calibrated supply chain design and identification of opportunities for enhancing supply chain efficiencies
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Review of the implications of area based incentives on end to end supply chain
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Re-alignment of the procurement function to new taxation regime
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Review the volume and value of interstate movement of the key inputs
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Build adequate flexibility in the overall supply chain
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Plan for management of non-sale transactions (free supplies, trials etc.)
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Evaluate manufacturing facilities, C&F agents, stockists and distributors, depots and retail point arrangements
SAP Business One S/4 HANA Solutions
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SAP Business Planning add-on on SAP S/4HANA
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SAP Predictive Analytics
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SAP Profitability and Cost Management
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SAP Net Margin Analysis on SAP S/4HANA
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SAP GRC – Access Control, Process Control
Order to Cash (O2C)
Impact Sub-areas
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Pricing of the products especially considering concern related to continuity of exemption for certain life-saving drugs and APIs
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GST on transaction value instead of MRP reduced by abatement
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Pricing arrangements clearing and forwarding Partners/Distributors/Dealers
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Withdrawals of area based incentives impacting the pricing of key products
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Re-modelling of the dealer and distributor commissions
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Review of Institutional (B2B) contracts/arrangements
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Co-marketing/product bundling arrangements
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Taxability of free supplies, assistance programs run for patients, supplies of testing
Key Imperatives
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Evaluate channel partner’s margin neutral pricing
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Evaluate impact of controlled price mechanism under the GST regime
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Channel partner education and awareness, transition plan
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Evaluation of impact of supply chain efficiency on pricing
SAP Business One S/4 HANA Solutions
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SAP Business Planning add-on on SAP S/4 HANA
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SAP Predictive Analytics
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SAP Profitability and Cost Management
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SAP Net Margin Analysis on SAP S/4 HANA
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SAP GRC – Access Control, Process Control
Record to Report (R2R)
Impact Sub-areas
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Accurate recording and reporting of the tax credits
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Correct administration of the taxable and exempt inputs/products
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Generation of multiple reports, returns and timely filing
Key Imperatives
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Initiatives for increasing awareness of the key reporting requirements across business functions
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Establishment of strong internal controls for transaction capture, record, review and reporting
SAP Business One S/4 HANA Solutions
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SAP GRC – Access Control, Process Control
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SAP Master Data Governance
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SAP S/4HANA
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SAP Financial Closing Cockpit
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SAP Receivables Management
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SAP Disclosure & Notes Management
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SAP Shared Services Framework
Tax and Compliance Management
Impact Sub-areas
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Up-gradation of the vendor data based and tax registration details
Key Imperatives
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Initiatives for increasing awareness of the key reporting requirements across business functions
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Establishment of strong internal controls for transaction capture, record, review and reporting
SAP Business One S/4 HANA Solutions
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SAP GRC – Access Control, Process Control
-
SAP Master Data Governance
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SAP S/4 HANA
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SAP Financial Closing Cockpit
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SAP Receivables Management
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SAP Disclosure & Notes Management
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SAP Shared Services Framework
SAP B1 GST Functionality
![grey-2](https://www.rpminfotech.com/wp-content/uploads/2017/02/grey-2.png)