ERP Facets after GST

After the implementation of GST in India, i.e. in 2017, there were many changes in rules and regulations in acts, and it impacted many industries and people.

Moreover, it impacted ERP facets of companies. And which initially led companies to relook on following factors:

Filtering all tax-related activities, outward and inward business processes to make the task easier and to avoid tax- related issues.

In addition to that, reconfiguring all tax computation procedures to make it fit according to the desired output.

Updating various master data timely and get access to earlier one.

How to follow back the sequential numbering for outgoing invoices and release order.

How to ease the delivery converged along ICT solutions that help to run better.

Businesses still using TAXINJ concept for the tax determination are necessarily required to migrate to the SAP system.

Credit rules, factoring different input and output accounts are no longer needed or not.

The list does not limited to these points; there are much more things companies should take care of and switch towards implementation of GST for betterment of business.

I don’t cheat. Let me tell you the SOURCES, I have used to create this content.

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