Skip to main content

Start Your Industry Specific GST Journey

Goods and Services Tax - the upcoming revolutionary tax reform will bring unparalleled changes across all industries. As a market leader in enterprise applications - SAP is ready to empower businesses with customized industry specific solutions ensuring a smooth GST implementation.

  • Retail /E-com /FMCG GST is expected to benefit the Retail and FMCG sectors due to the efficiency released from supply chain consolidation.
  • Transportation / Warehousing / Logistics GST will bring in consolidation of storage and redistribution of transportation volumes.
  • Discrete Manufacturing / Auto GST will enable strategic inventory placement, achieving higher customer SLAs
  • Professional Services GST is expected to lead to increased taxation on services sector, leading to services becoming more expensive.
  • Chemicals and Pharma These sectors are likely to gain immensely from the supply chain efficiencies that will be enabled by GST.
  • Metals and Mining GST is expected to increase taxation on these sectors, the impact of which will need to be absorbed by manufacturers, so as to maintain a balance for consumers.

Comments

Popular posts from this blog

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.

SAVIC is certified by SAP in the program SAP S/4HANA Demo21

Mumbai India, 26 January 2017 , –SAVIC, a leading global IT company in Digital Business Transformation (DBT) received Certificate of Accomplishment in recognition of their commitmentin the S/4HANA Demo21, build your own SAP S/4HANA, Edition for SAP Business All-in-One Demo Environment, release 1610 FPS0 0 . Through this achievement, the study will be possible, training, proof of concept (POC), development and demonstration of new features in SAP S/4HANA.  For  SAVIC Technologies Private Limited , Shakir VP of the SAP Excellence Centre at India, “Achieving this certification represents an important milestone in our partnership with SAP, not only because it demonstrates that we have the appropriate environment for S/4HANA Demo21 but also our strategy to develop our consultants’ expertise in S/4HANA”. About SAVIC SAVIC  Technologies Pvt Ltd is a global IT service Company providing Strategic Business Consulting and IT Services. The services offered ...

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...