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Are you getting ready for GST in India?

GST is now a realityGST will be one of the most significant tax reforms in the fiscal history of India. GST will be a game changing reform for the Indian economy by creating a common Indian market and reducing the cascading effect of tax on the cost of goods and services. It will impact the tax structure, tax incidence, tax computation, tax payment, compliance, credit utilization and reporting, leading to a complete overhaul of the current indirect tax system.

GST will have a far-reaching impact on almost all the aspects of the business operations in the country, for instance, pricing of products and services, supply chain optimization, IT, accounting, and tax compliance systems.

Our GST expertise and solution highlightsAs an acknowledged expert in SAP implementations projects, YASH is in the forefront of ensuring that customers realize business value from their IT deployments.

We understand that transition to GST will have to be managed in a phased manner and will require proactive and timely planning. Our team of business and functional domain SMEs will help assist the key areas of impact to your business model and prepare different scenarios for the design and application of GST. We will assist and support in the implementation of these changes with our comprehensive program management approach.

Our SAP functional and technical teams have the experience and expertise in helping customers migrate their existing taxation process to the GST compatible taxation process.

Is your SAP system ready to tackle the GST Challenge?

• Adaptability• Business process refinement• Tax configuration and

computation• Document numbering• Master data amendments• Reporting and printing

requirements• Impact on interfaces• Tax credit migration• Closure/reversal of partially

open transactions• Migration of open transactions• Managing exceptional

transactional requirements

YASH GST solution highlights in SAP

• Assessment of business processes impact for GST

• TAX procedure migration from TAXINJ to TAXINN

• Implementation of GST tax procedure

• Defining / adjusting chart of accounts

• Developing interfaces for online GST returns filing through GSTN portal

• Developing new forms and reports for purchase, sales and statutory reporting

• Vendor, Customer, Material Master data changes

• Open transaction analysis for purchase and sales

• Unit testing

• Integration testing

• Knowledge transfer to customer’s core team

• End user training using ‘Train the Trainer’ model

Do not wait for the upcoming GST rollout deadline to start the process of migration. Business and technology impact assessment along with the mandatory tax procedure migration will take several weeks to come to fruition. As an example, the technology impact timeline would depend on several factors including number of legal entities, complexity of business processes, volume of master data, correctness and completeness of master data, current version of ERP systems, etc.

Time is of the essence

YASH Benefits

Businesses need to a structured solution of technology and domain excellence to formulate the transition. As revolutionary change in economics of business, GST demands systems which understand the dynamics of the change. YASH is helping multitude of customers in India with GST by:

• Impact assessment on different business functions

• Zeroing in on the implementation plan post detailed impact assessment

• Roll-out and transition to new landscape

• Post-implementation validation

Our dedicated team of technology, tax, audit and compliance experts supervise closely all four stages of transition to GST regime. The key differentiator YASH brings on-board is a proficient knowledge and expertise of GST implementation across all industry verticals. Our domain and technology consultants work hand-in-hand with the customers to ensure seamless transition to GST enabled and compliant business functions. Our team also extend its support to educate and empower the customers to assimilate the transitional provisions.

Pre-transition Assessment

• Impact assessment on entire value chain, business funcations and operations

• Techno-functional assesment of existing SAP system for compatibility analysis

Roadmapping

• Identification of key obstacles for GST compliance

• Suggest and discuss with customer the transition strategy

• Implementation road-map to provide work-around for unfavourable GST provisions

GST Implementation

• Re-customization of the system to ensure smooth functioning

• Fine tuning of systems in accordance with business processes

• Testing (UAT) of GST aligned systems under supervision of technical and domain experts

• Documentation and manual creation

Post-implementaion Consulting & Support

• Strategic consulting support to management on GST’s impact on the organization’s operations

• Tax advisory and mitigation of risk pertaining to GST protocols

• Workshop for operational staff on revised procedural mechanisms

• Assist and oversee the tax filing procedure by reviewing registration applications, stock statements, credit documents etc

• Assistance in vendor/dealer communication and management

Complete the pre-requisites well before time.Your GST implementation guide is already waiting for you. Let’s get started.

YASH

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About YASH Technologies

YASH Technologies focuses on customer success. As a leading technology services and outsourcing partner for large and fast growing global customers, the company leverages technology and flexible business models to drive innovation and value throughout its customer’s enterprise. YASH customer centric engagement and delivery framework integrates specialized domain and consulting capabilities with proprietary methodologies and solution offerings to provision application, infrastructure and end user focused Right-Sourcing services. YASH is a SEI CMMI (Level 3) and an ISO 9001:2015 certified company with U.S. and India headquarters and regional sales and development offices globally with customers spread across 6 continents.Contact YASH today at info@yash.com or visit www.yash.com

Contact YASH today at info@yash.com or visit www.yash.com