After a decade-long wait, India will finally implement the Goods and Service tax this will help to remove tax barriers between states, creating a single market.
Now a days many updations are flooded in GST regime as GST is going to implement from 1st July 2017.
German software company SAP SE on Wednesday launched ‘GST in a Box’ an all-inclusive solution portfolio to help the Indian firms become GST compliant.
The ‘GST in a Box’ solution enables organisations to effectively manage suppliers, customer engagement and supply chain in the new tax regime.
“Out of an estimated 4-5 billion invoice uploads that will happen every month, since more than 40 per cent of transactions will pass through an SAP system, This will help Indian corporates swiftly get compliant with this new law and ensure that businesses benefit from the GST vision, ndia, said in a statement.
As part of its commitment to establish a GST-ready economy, the company will soon embark on a 21-city “GST Health Check Drive” to evaluate and educate organisations that are preparing for transition to the GST regime