Skip to main content

SAP to help Hyderabad SMEs in GST compliance



Hyderabad: SAP SE launched its ‘GST in a box’, an all-inclusive solution portfolio designed to help organisations of all sizes in Hyderabad to become tax compliant and tax efficient in the GST era. The company also conducted a ‘GST Health Check Drive’ in the city to evaluate and educate organisations that are preparing for their transition to the GST regime. Supported by SAP’s partner intelligence, the roadshow provided local enterprises a free ‘GST Health Check’ to help them understand their GST compliance level and help build a readiness plan.

SAP, as an application service provider (ASP) for GST, has been reaching out to and providing technology expertise to businesses and the ecosystem preparing for this shift. Through various initiatives such as the launch of online resource centre, industry events and webinars, white paper, industry work groups and consulting notes since 2014, SAP has committed to provide businesses with the necessary consultation and technology to efficiently adopt the GST regime.

“With the impending implementation of GST this year, it is necessary for businesses to measure their preparedness level as well as define a detailed roadmap of their GST adoption journey,” said Neeraj Athalye, head, S/4HANA & GST Adoption Drive, SAP India. “Companies will require a strong technology backbone to sustain and succeed in the GST regime. Through our initiatives, we are committed to make SMEs in Hyderabad GST ready and also ensure that businesses reap benefits from the digital infrastructure.”

The ‘GST Health Check Drive’ covers 21 cities across India including Mumbai, Ahmedabad, Bangalore, Coimbatore, Delhi, Hyderabad, Kolkata, Chennai, Pune, Kochi, Jaipur, Indore, Ludhiana, Bhubaneshwar, Surat, Nasik, Chandigarh, Aurangabad, Vizag and Rajkot in a span of two months. The initiatives, created under the aegis of ‘Grow with SAP’ campaign, place special emphasis on enabling Indian SMEs digitize their business and achieve sustainable growth in the GST era.

SAVIC SAP Solutions for GST

We at SAVIC, SAP partner, are working closely with leading organizations in India for implementation of GST. SAVIC consultants and subject matter experts are advising, implementing and supporting organizations in their GST journey.

SAVIC assists organizations in understanding the impact of GST on enterprise business processes along with changes that need to be incorporated in the SAP landscape.. Our team of expert consultants will implement, train and ensure smooth on boarding to new GST regime. Subsequent to go live, our teams will be available for handholding and supporting as needed. Businesses need to adopt a proactive approach in understanding the potential impact of GST on their SAP ERP before the GST Bill becomes a law. 

SAVIC, “The Perfect Partner” you can rely on, So we proudly say that, We SAVICare not only your Vendors, but SAVIC are Partner for your Success

Contact us Today info@savictech.com and Get GST Ready with SAVICTechnologies
Mohammad Shakir  is a Vice President and Ujwal Landge Tax Consultant





Comments

Post a Comment

Popular posts from this blog

Procure to Pay (P2P) Cycle- by Amod Bhat SAP Consultant at SAVIC Technologies

Procure to Pay, also known as P2P , is the process of obtaining the raw materials needed for manufacturing a product or providing a service, and making payment for these. Every manufacturing concern or service provider needs to run this cycle efficiently if they are to continuously manage their cash flow, build goodwill with suppliers and make profits. Steps of the Procure to Pay (P2P) Cycle: *   The process begins with planning what materials are required, when they are required, and the price that the company can afford to pay for them. *   Then the company prepares a list of vendors that they think can provide the materials for them. *   The company asks each of the vendors to submit a quotation, which includes the price, terms of delivery, quality of materials, and any other information that they need for making their decision. This stage could also involve negotiating with the vendors for the best deal. *   Once a vendor has been chosen, t...
Post a Comment
Read more

SAP S/4HANA: Next Generation Business suite

SAP delivered a massive wave of simplification and innovation in the core of SAP S/4HANA. With this delivery, enterprises can drive unprecedented business value with innovative use-cases - in core financial and operational areas such as in logistics taking full advantage of a simplified data model and a responsive user experience. SAVIC SAP S/4HANA migration templates helps SAP Business Suite customer can move from different start releases to SAP S/4HANA, on-premise edition. For certain start releases, a one-step procedure is available, which includes the installation of the SAP S/4HANA Core and, if necessary, the migration of the database to SAP HANA. As part of the move to SAP S/4HANA, on-premise edition, SAVIC Migration approach helps customers to adapt current implemented solution to comply with the scope and data structures of SAP S/4HANA.   Optimize IT operations, and innovate business processes faster to become a best-run business.
3 comments
Read more

Order-to-Cash Process

Order-to-Cash Process Order-to-Cash is an integration point between Finance (FI) and Sales (SD). It is also known as OTC or O2C in short form. It is a business process that involves sales order from customers to delivery and invoice. It comprises SO, Delivery, Post Goods Issue (PGI) and billing to customers. OTC process is a very important process in Enterprise Resource Planning software(ERP Software). Both major ERP software SAP and Oracle include this process. Its configuration touches both Finance and Sales & Distribution modules. This is an end to end process from customer Inquiry to goods delivery, billing and payment of money. The process starts when a customer inquires for an inventory item (finished goods for a company). The customer gets quote for the item and place an order for the quantity needed. A user from company place the order and pass it for processing. Inventory gets picked up from warehouse and shipped to customer. Billing process also starts with deliv...
Post a Comment
Read more