update on gst, arun subramanian, sap labs india
TRANSCRIPT
Customer
Compliance goes Digital with GSTSpeaker: Arun SubramanianAugust 3rd , 2016
INDUS Conclave South 2016
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Speaker Name: Arun Subramanian
Designation: Vice President
Department & Company: Globalization Services, SAP Labs India
Responsibilities: Logistics, LoBs, Industries Localization
Contact Details: [email protected] Photo
Speaker Introduction
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Agenda
• DIGITAL AGENDA
• GST – OVERVIEW
• BENEFITS & OPPORTUNITIES
• SAP’s JOURNEY
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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.
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Digital Agenda
Register Online
Upload Invoices Online Pay taxes Online
Reporting Online
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Overview
http://www.finmin.nic.in/reports/ModelGSTLaw_draft.pdf
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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
© 2016 SAP SE or an SAP affiliate company. All rights reserved. 8Public
SAP’s Journey
Nov 2014
May 2015
June 2016
PrerequisitesTax Procedure: TAXINNJam page for work groups of customers & partners https://jam4.sapjam.com/groups/zSb4pcqj7KwVE2vDu3HFLV/content Jam page with content of GST Forum 2015http://events.sap.com/in/gst-india-forum/en/eventpresentations
SAP Master Note: 1175384
Monsoon Session
Adapt design -Model Draft LawAnalyze GSP concept
GST Forum – 1500+ participantsCollaborative solution proposals
Formation of workgroupsInitiation – GST Whitepaper
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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
© 2016 SAP SE or an SAP affiliate company. All rights reserved.
Thank you Contact information:
Arun SubramanianGlobalization ServicesSAP Labs India, BangaloreM: [email protected]