ERP Facets after GST

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ERP Facets after GST
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After the implementation of GST in India, i.e.
in 2017, there were many changes in rules and
regulations in acts, and it impacted many
industries and people.
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Moreover, it impacted ERP facets of companies.
And which initially led companies to relook on
following factors
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Filtering all tax-related activities, outward
and inward business processes to make the task
easier and to avoid tax-related issues.
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In addition to that, reconfiguring all tax
computation procedures to make it fit according
to the desired output.
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Updating various master data timely and get
access to earlier one.
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How to follow back the sequential numbering for
outgoing invoices and release order.
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How to ease the delivery converged along ICT
solutions that help to run better.
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Businesses still using TAXINJ concept for the tax
determination are necessarily required to migrate
to the SAP system.
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Credit rules, factoring different input and
output accounts are no longer needed or not.
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The list does not limited to these points there
are much more things companies should take care
of and switch towards implementation of GST for
betterment of business.
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I dont cheat. Let me tell you the SOURCES, I
have used to create this content.
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http//www.sifytechnologies.com/services/get-gst-r
eady-sap/
https//www.flickr.com
https//www.pexels.com
https//pixabay.com
https//www.bensound.com/
https//www.yumpu.com/en/document/view/59589510/sa
p-gst-solution-an-innovative-way-for-smooth-gst-im
plementation