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Published bySandeep Srivastava Modified over 6 years ago
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ERP Facets after GST
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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.
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Moreover, it impacted ERP facets of companies. And which initially led companies to relook on following factors:
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Filtering all tax-related activities, outward and inward business processes to make the task easier and to avoid tax- related issues.
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In addition to that, reconfiguring all tax computation procedures to make it fit according to the desired output.
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Updating various master data timely and get access to earlier one.
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How to follow back the sequential numbering for outgoing invoices and release order.
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How to ease the delivery converged along ICT solutions that help to run better.
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Businesses still using TAXINJ concept for the tax determination are necessarily required to migrate to the SAP system.
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Credit rules, factoring different input and output accounts are no longer needed or not.
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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.
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I don’t cheat. Let me tell you the SOURCES, I have used to create this content.
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http://www.sifytechnologies.com/services/get-gst-ready-sap/ https://www.flickr.com https://www.pexels.com https://pixabay.com https://www.yumpu.com/en/document/view/59589510/sap -gst-solution-an-innovative-way-for-smooth-gst- implementation https://www.bensound.com/
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