TechnologyWhat Do You Need To Know Before Implementing GST On SAP?

AdminJune 28, 2019504 min

SAP (Software Application Product) is one of the topmost business software solution providers for better data management in organizations. Almost every organization make use of SAP to ease the process involved in their environment.

Recently, all businesses in India were ordered to comply with tax regulations and accept Good and Service Tax (GST) that replaced the past tax regimes like service tax, VAT and still others. The main purpose of GST SAP India is to bring central as well as state taxes under a single roof and eliminate the confusion.

Prerequisites For Implementation of GST On SAP

Upgrading SAP

SAP is commonly used in most of the organizations without any changes until GST laws are passed. Nowadays, SAP is getting ready with changes in their products to include the GST tax regulations.

Before implementing GST you have to upgrade the existing SAP into the new version. You should make the GST changes on SAP depending on TAXI IN procedure. Here are some of the essential changes that you have to make on SAP.

Master Data: The master list of merchants, customers, product and services are created or updated. This is because; master data have a huge impact on GST such that you have to get prepared with setting up of master data before GST implementation.

Set Destination: You should create a business place for all the operation. This helps in GST tax regime where the taxation processes are decided.

Change Tax and Pricing: Get to know about the GST standards and make changes in pricing as well as tax procedures of the SAP.

RICEFs: While starting the GST implementation process ensure that the required forms, layouts and changes done to EDIs are correct. It is better to install the necessary programs whenever they are available to you.

Integrate SAP Modules

Organizations that have SAP registration can connect SAP to GSTIN, an online portal that acts as a medium for performing all activities like transaction tracking, credits for input and output, returns and tax payments.

Do Required Changes: Once you have completed all these processes you can make the required changes in the business process. Finally, obtain the tax base and rate after the successful implementation of GST on SAP.

Final Thoughts

Thus, these are the essential information you need to know while before implementing. If you face any difficulties in implementing GST SAP India you can avail the support of SAP service providers and yield better outcomes.


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