Sectoral Impact : FMCG Goods Goods and Services Tax Sectoral Impact : FMCG Goods Dilip Save

01 02 03 Contents Pre Cursor to Indian GST 1st July 2017 Post Implementation Issues 03 The way forward

GST Ecosystem Stakeholders Tax Authority & Law Process IT Systems Vendor External Internal Client People

Key Processes Order to Cash O2C Procure to Pay P2P Record to Report R2R Hire to Retire H2R

Post Implementation Issues RCM-Purchase from unregistered dealer 1 ISD Vs Branch Billing 4 Area based exemption – reduction in benefit 2 High Sea Sales- To be considered as a non taxable supply for reversal of credit? 5 High rate of Tax (28%) on several consumer goods 3

Post Implementation Issues Misconception on sale of goods to a non-registered dealer 6 GTA -Availment of credit of tax deposited under RCM on 7th July 9 Carry forward of duty of state excise suffered on Finished goods as on AD 7 10 Sale of goods at discount (near expiry date) – Tax incidence ? 8

Post Implementation Challenges Internal : Management of Change Leveraging supply chain benefits Collective responsibility for compliance Investment in training

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