SAP helps transition to GST with new localized solutions

SAP has reaffirmed its assurance to its customers and partners with regard to Goods and Service Tax (GST) reform in the country at the SAP GST India Forum in Delhi. SAP will offer a range of localized solutions which have the Indian tax functionalities integrated within the business process to help companies transition to GST. At the forum SAP laid out its plan to address GST legislation and showcased solutions that will equip Indian enterprises to provide greater transparency and effective management practices to support their tax compliance requirements.

The corporate landscape for GST is rapidly evolving with the proposed amendments and is expected to impact the Tax Structure, Tax Incidence, Tax Computation, Utilization and Reporting leading to a complete overhaul of the current indirect tax system. The SAP GST India Forum which was designed to assess the impact GST would have on the business processes across various industries, brought together an ecosystem that included decision-makers, partners, customers and consultants.  Over 450 organizations and 1,500 participants were present at the event.

Globalization Services (GS), the localization wing of SAP SE, has initiated a working model with customers by setting up individual workgroups, each of which focus on GST scenarios (including legal aspects) with respect to various industries, to ensure a smooth transition to GST.

See more at: http://www.varindia.com/sap-helps-transition-to-gst-with-new-localized-solutions/