SAP GST Migration implementation upgradation- GST-Tax Compliance

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Cloudway makes your System GST Ready!!!!

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

a) Customer

  • 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”

b) Finance

  • 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.

c) SCM

  • 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

e) Vendor

  • Replace non GST compliant vendors
  • Onboard aggregators for c-Category items

f) Compliance

  • 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:
arrow icon  Details of Outward Supplies arrow icon  Consolidation of data from disparate systems
arrow icon  Details of Inward Supplies arrow icon  Embedded drill down capabilities
arrow icon  Input Credit Reconciliation arrow icon  Data Protection and Security as per GSTN guidelines and of global standard
arrow icon  Monthly Return arrow icon  Easy to use Analytical tools with Dashboard that helps monitor your data communication to GSTN
arrow icon  ISD Return arrow icon  Provides Scalability, High Transaction Volume Management,Data Security and Supply Data Consolidation
arrow icon  TDS Return
arrow icon  Annual Return
arrow icon  Data Transfer Monitor at ECC Level

GST Architecture:

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.

Roadmap for GST Implementation:

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