Business Trends

SAVIC

Posted on April 13, 2017  Less than a 52 seconds read

SAVIC will gladly support you in GST change.

Overview

This migration to TAXINN involves changes in FI tax procedure as well as in the sales and purchase pricing. Therefore, we recommend starting the migration as soon as possible to enable the switch in without any delay – on time and with a proper and 100% compliant SAP solution.

The Indian taxation system is one of the most complex in the world with several levels of taxes having different components and rates. The Indian government is trying to simplify or reduce the complexity of this existing system and bring the GST into place. GST is a goods and services tax which will be implemented in India with multiple levels such as CGST (Central GST), SGST (State GST), etc., which will replace the existing excise tax, service tax, VAT, and CST, etc.

This change of tax system will also be a big change for commercial organizations and the software systems they use for business transactions. Companies using SAP will also have to update or change their systems according to the new legal requirements in India.

Read more.

Why SAP and SAVIC Technologies Private Limited

• S4HANA serves as the digital core for business process simplification by harnessing the power of its HANA in-memory database & Great Boost in Performance
• Transforming the data structure from SAP ERP to the new hierarchical structure in SAP S/4HANA and to reduced processing time.
• Sales and retail might start demanding better mobile capabilities and SAP Fiori apps enabling users to easily access Overview Pages, Work Lists and List Reports.

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