GST Compliance Solution Add-On
GST is a new way of handling indirect taxation in India. GST replaces some existing tax regimes providing benefits such as:
Reduced tax complexity
A simplified taxation system with fewer variables
Greater tax transparency
A reduced administrative burden
Unified taxation for the country and individual states
Economic and employment benefits
Key Functions
Easy generation of Invoice as per GST Guidelines and Invoice Format
Facilitates filing of all type of dealer returns facility
SAP B1’s GST module automatically debits GST payments and provides warnings in case of insufficient credit balance
Offers platform for Payment of Taxes as per liable GST rates*
Reconciliation with GST Portal and other official GST Links
Handles Job-In and Job-Out facility as per GST norms
Effective & consistent data back-up prior to upgrade
Convenient & intuitive user interface
Supports multiple Branches of an organisation (offered for release after version 9.2 PL07)
Provides latest information about total Input Tax Credits (ITC) availed and utilized until now
Handles GST & ITC on capital goods and import material
Furnishes detailed information on GST paid simply at the click of a button
Hassle free and spontaneous preparation of monthly/quarterly/yearly returns
* Subject to the changes as the latest annexure of the GST law.
Impacted Processes/ Functions/ Departments
Procurement to Pay (P2P), Manufacturing
Impact Sub-areas
Withdrawals of area based incentives impacting cost of sourcing
Consolidation of the Warehousing, Logistics and Distribution facilities
Renegotiation of the transportation and logistics contracts
Transition of the key suppliers and strategic vendors
Implications of imports of key ingredients and supplies to vendors
Stock transfers between suppliers
Tolling and sub-contracting arrangements
Procurement of inputs exempt from taxes/inputs out of the GST regime (E.g. certain type of fuels and petroleum products)
Duty free movement of goods
Key Imperatives
Re-calibrated supply chain design and identification of opportunities for enhancing supply chain efficiencies
Review of the implications of area based incentives on end to end supply chain
Re-alignment of the procurement function to new taxation regime
Review the volume and value of interstate movement of the key inputs
Build adequate flexibility in the overall supply chain
Plan for management of non-sale transactions (free supplies, trials etc.)
Evaluate manufacturing facilities, C&F agents, stockists and distributors, depots and retail point arrangements
SAP Business One S/4 HANA Solutions
SAP Business Planning add-on on SAP S/4HANA
SAP Predictive Analytics
SAP Profitability and Cost Management
SAP Net Margin Analysis on SAP S/4HANA
SAP GRC – Access Control, Process Control
Order to Cash (O2C)
Impact Sub-areas
Pricing of the products especially considering concern related to continuity of exemption for certain life-saving drugs and APIs
GST on transaction value instead of MRP reduced by abatement
Pricing arrangements clearing and forwarding Partners/Distributors/Dealers
Withdrawals of area based incentives impacting the pricing of key products
Re-modelling of the dealer and distributor commissions
Review of Institutional (B2B) contracts/arrangements
Co-marketing/product bundling arrangements
Taxability of free supplies, assistance programs run for patients, supplies of testing
Key Imperatives
Evaluate channel partner’s margin neutral pricing
Evaluate impact of controlled price mechanism under the GST regime
Channel partner education and awareness, transition plan
Evaluation of impact of supply chain efficiency on pricing
SAP Business One S/4 HANA Solutions
SAP Business Planning add-on on SAP S/4 HANA
SAP Predictive Analytics
SAP Profitability and Cost Management
SAP Net Margin Analysis on SAP S/4 HANA
SAP GRC – Access Control, Process Control
Record to Report (R2R)
Impact Sub-areas
Accurate recording and reporting of the tax credits
Correct administration of the taxable and exempt inputs/products
Generation of multiple reports, returns and timely filing
Key Imperatives
Initiatives for increasing awareness of the key reporting requirements across business functions
Establishment of strong internal controls for transaction capture, record, review and reporting
SAP Business One S/4 HANA Solutions
SAP GRC – Access Control, Process Control
SAP Master Data Governance
SAP S/4HANA
SAP Financial Closing Cockpit
SAP Receivables Management
SAP Disclosure & Notes Management
SAP Shared Services Framework
Tax and Compliance Management
Impact Sub-areas
Up-gradation of the vendor data based and tax registration details
Key Imperatives
Initiatives for increasing awareness of the key reporting requirements across business functions
Establishment of strong internal controls for transaction capture, record, review and reporting
SAP Business One S/4 HANA Solutions
SAP GRC – Access Control, Process Control
SAP Master Data Governance
SAP S/4 HANA
SAP Financial Closing Cockpit
SAP Receivables Management
SAP Disclosure & Notes Management
SAP Shared Services Framework
SAP B1 GST Functionality
