Enterprise solution provider EDS Technologies Pvt Ltd along with SAP sets up a GST Solution Centre in Bangalore to help businesses to become GST compliant.
The introduction of Goods and Services Tax (GST) would be a significant step in the reform of indirect taxation in India. Goods and Services Tax would be levied and collected at each stage of sale or purchase of goods or services based on the input tax credit method. This method allows GST-registered businesses to claim tax credit to the value of GST they paid on purchase of goods or services as part of their normal commercial activity
All tax-related inward and outward processes will be required to be reviewed, and as applicable, aligned as per GST requirements. Business processes, such as inter-state stock transfers, subcontracting, etc., will need to be closely evaluated, taxes may be levied on such transactions as part of GST. In addition to this, the process for tax utilisation at the month-end will be required to be set-up as per new policies.
EDST has set up this solutions centre in Bangalore to enable seamless transition to GST compliant system and help businesses to achieve greater profitability through business transformation.
EDST has formed a core GST expert team with expertise on taxation, finance, supply chain, warehousing, software application and system integration to help you understand the key areas of impact to your business model and prepare different scenarios for the design and application of GST. This team has migrated tax codes and implemented GST solution framework for various businesses. These solutions are largely powered by SAP software applications.
We invite you to visit our GST solution centre to discuss with our consultants and also access solution demos to get a competitive edge. You can find answers to your queries with an end-to-end GST ecosystem at EDST GST Solution Centre.