Update on GST, Arun Subramanian, SAP Labs India
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The document discusses the digital transformation of compliance with the Goods and Services Tax (GST) in India. It outlines the digital agenda for GST compliance, which will allow customers to register, upload invoices, pay taxes, and report online. The presentation notes the benefits of GST include an unbroken tax credit chain across India and opportunities to restructure supply chains. It describes SAP's involvement in preparing for GST implementation through collaborations with customers and partners to design compliant solutions.
Update on GST, Arun Subramanian, SAP Labs India
- 1. Customer Compliance goes Digital with GST Speaker: Arun Subramanian August 3rd , 2016 INDUS Conclave South 2016
- 2. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 2Public Add Photo Speaker Introduction
- 3. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 3Public Agenda • DIGITAL AGENDA • GST – OVERVIEW • BENEFITS & OPPORTUNITIES • SAP’s JOURNEY
- 4. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 4Public Disclaimer This presentation outlines our general product direction and should not be relied on in making a purchase decision. This presentation is not subject to your license agreement or any other agreement with SAP. SAP has no obligation to pursue any course of business outlined in this presentation or to develop or release any functionality mentioned in this presentation. This presentation and SAP's strategy and possible future developments are subject to change and may be changed by SAP at any time for any reason without notice. This document is provided without a warranty of any kind, either express or implied, including but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement. SAP assumes no responsibility for errors or omissions in this document, except if such damages were caused by SAP intentionally or grossly negligent.
- 5. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 5Public Digital Agenda Register Online Upload Invoices Online Pay taxes Online Reporting Online
- 6. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 6Public Overview http://www.finmin.nic.in/reports/ModelGSTLaw_draft.pdf
- 7. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 7Public Benefits & Opportunities Unbroken tax credit chain across India Business benefit of restructuring Supply Chain (Tax specific Depots?) Redefine Sourcing policy Reduction in Reporting efforts Reduced Compliance through harmonized central and state tax administrations
- 8. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 8Public SAP’s Journey Prerequisites Tax Procedure: TAXINN Jam page for work groups of customers & partners https://jam4.sapjam.com/groups/zSb4pcqj7KwVE2vDu3HFLV/content Jam page with content of GST Forum 2015 http://events.sap.com/in/gst-india-forum/en/eventpresentations SAP Master Note: 1175384 Monsoon Session Adapt design -Model Draft Law Analyze GSP concept GST Forum – 1500+ participants Collaborative solution proposals Formation of workgroups Initiation – GST Whitepaper
- 9. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 9Public GST Reporting GSTN will allow API based consumption for data transmission and communication only via GSPs MPLS/VPN is a must for GSP to transmit data to GSTN GSTN portal will also exist –it will have a manual method of invoice data punching
- 10. © 2016 SAP SE or an SAP affiliate company. All rights reserved. Thank you Contact information: Arun Subramanian Globalization Services SAP Labs India, Bangalore M: arun.Subramanian@sap.com