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.
Why SAP and SAVIC Technologies Private Limited
SAVIC belongs to a team of technocrats qualified in SAP S/4HANA who draw their collective experience from hundred plus successful implementations globally in diverse industry verticals. SAVIC in value proposition represents the aggregate skill set of each team player, the pinnacle being 76 days go live with SAP best practices and 56 Days successful quick upgrade.