At Cloudway, We have always endeavoured to understand your local and global business needs & deliver converged ICT Solutions that have helped you run better our export SAP consultant and engineers, our comprehensive SAP service suite coupled with our strong infrastructure, Ensure your SAP environment compiles seamlessly with the new regime. Its time to make the most of this opportunity and realign and reassess your business models to gain an unassailable lead over competition. As your trusted technology partner you can continue to focus on your core business as we deploy, Monitor manage and Improve your Sap Solutions & get Your GST ready.
Cloudway GST Gallery
GST ENCOURAGEMENT on Customers business : GST-Cloudway @ Your Organization
Close working relationship between Your Organization & its customers is expected.
Most contract & structuring will be re-examined. Things like payment terms & conditions & penalties + inspection of goods Vs service contract.
Invoice level reconciliation between both – now tax is accounted at sale so if invoice is rejected you need to talk to the customer.
Planning pipeline during cutover not state by state but pan India – “remember odd even car number in Delhi, or shopping during demonetization”
No tax discussion at year end – it’s a continuous process
IMPACT - Taxi bills need to be submitted & accounted immediately to take credit else it’s a significant loss – imagine doing this change management for 50,000 employees in the organization
There is a direct impact on the balance sheet due to - IT readiness / Process simplification / Inventory valuation
Need for real-time checks & balances – there is no use of post facto analysis
Need to assess key drivers, risks, working capital impact
All lines in a P&L will be impacted.
Complete overhaul of supply chain planning & optimization
Overhaul Transportation planning & optimization Reconfigure warehousing pan India.
Significant impact on workforce planning in logistics field.
d) Contracts Process
Simplification needed on Contract processes , Contract controls & Contract Audits Post GST
Legacy agreements & contracts will be redrafted
Overhaul of Contract process in sales / procurement / finance / transport / warehousing / manufacturing / distribution….etc
Replace non GST compliant vendors
Onboard aggregators for c-Category items
State wise credit pool to be maintained in system & matched with GSTN
Vendor credit duly submitted & matched at each state-vendor combination
Speedy resolution of issues – you miss 10thv of every month & you miss the credit
State level P&L is needed so if there is no credit in a state , the selling price of the product in that state has to go up.
Cloudway Enroll Your Organization with SAP-GST Digital Compliance Service
The introduction of Goods and Services Tax (GST) in India, brings in a new regime of tax compliance, moving from filing of tax reports to a model-based on data communication between you as the tax payer and the GST Network (GSTN) organization. GSTN has introduced two new entities, GST Suvidha Provider (GSP) and the Application Service Provider (ASP) , whose roles are to facilitate the datacommunication to the GST system at GSTN in the required format.
Scope of Service:
Key Benefits of the Solution:
Details of Outward Supplies
Consolidation of data from disparate systems
Details of Inward Supplies
Embedded drill down capabilities
Input Credit Reconciliation
Data Protection and Security as per GSTN guidelines and of global standard
Easy to use Analytical tools with Dashboard that helps monitor your data communication to GSTN
Provides Scalability, High Transaction Volume Management,Data Security and Supply Data Consolidation
Data Transfer Monitor at ECC Level
The introduction of Goods and Services Tax (GST) in India, brings in a new regime of tax compliance, moving from filing of tax reports to a model-based on data communication between you as the tax payer and the GST Network (GSTN) organization. GSTN has introduced two new entities, GST Suvidha Provider (GSP) and the Application Service Provider (ASP) , whose roles are to facilitate the data communication to the GST system at GSTN in the required format. The ASP provides enriched APIs like bulk uploading of invoices, offers conversion of invoice data into specified format (e.g. JSON), communicates with GST System via the GSP and offers value added services to the taxpayers. SAP brings you ASP services in the taxpayer enterprise landscape through the GST Digital Compliance Service* from SAP. This solution shall offer consolidation capabilities at a GST registration level of organization of data from disparate systems and is designed around a framework driven approach for reporting.
ASP - GSP Roles:
The ASP provides enriched APIs like bulk uploading of invoices, offers conversion of invoice data into specified format (e.g. JSON), communicates with GST System via the GSP and offers value added services to the tax payer. The contractual agreement of an ASP shall be with your organization as a taxpayer and scope of services mutually decided between the ASP and you. Further, it is recommended that the ASP follows the same communication nomenclature with GSP as that followed by the GSP to GST system.
CLOUDWAY GST Solution Centre:
GST implementation is on the way to change the total taxation and the business scenario of INDIA. The transitions and the challenges in the system will be uncertain and will need a thorough assessment to make you GST Ready. Cloudway GST Consultant will here provide you roadmap for GST policy and the impacts it will have on the existing business processes. Moreover, Cloudway GST experts will enable you with the GST compatible system and operations to make you GST Ready. Our team helps you to understand the impact areas of business process after GST and required applications to enable GST readiness.