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What is this note about:- This is in ref to proposed implementation of GST in all companies having operations
in India with tax applicability as per Indian Legislation.
The Government of India proposes to implement GST (Goods and Services Tax). It is one of the most significant
tax reform post-independence.
It is expected to replace our current taxation structure of Central and State indirect taxes (such as VAT, Excise
Duty, Service Tax, Central Sales Tax (CST), Entry Tax, Entertainment Tax, Luxury Tax etc.) with a seamless
indirect tax regime.
The proposal is yet to be passed by upper house. Therefore the implementation date is not known yet.
However it is likely to be in this financial year. So we have to be prepared.
TAXINJ TAXINN
In all cases, be prepared with all test scripts and test data.
In case of TAXINJ, the decision of “One step or Two step transition” depends largely on two major factors
a) The amount of testing effort required. As this has a great statutory implications, extensive testing has
to be done. The testing effort will depend on number of factors e.g. how many scenarios to be tested,
how many iterations of each scenario (depending on process variations, number of combinations of
company codes, plants, material, tax codes, vendor and customers, to be tested.
The time commitment from customer’s core team/ Process owners to perform UAT is directly
proportional to the extent of testing required.
b) Downtime:- There will be two downtimes in two step approach. This is very important factor for
transaction–intensive business.
Before any decision can be taken about it, we need to collect relevant data points.
It will have one major challenge that All projects (number may exceed 200) will be required to
Go Live on same day. So it is very important that each project /account need to have own team well
prepared to execute this plan. It will be difficult to help all 200 + projects in eleventh hour. Therefore we have
set up this facilitation plan.
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collection for GST readin ess_V1
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Kindly share with all concerned in your team. Thanks and Regards.
Please mark your all responses to us (Sivakumar SG, K Chadha, Mahesh Vaidyanathan1 v, and Atul Shah).
http://events.sap.com/in/gst-india-forum/en/home