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Business EconomyPosted at: Oct 26 2016 4:40PM


ASSOCHAM, SAP to Jointly Accelerate GST Readiness

Bangalore, Oct 26 (UNI) Global IT major SAP SE with industry partner
ASSOCHAM today announced the launch of a knowledge sharing resource
centre that will educate and empower organizations to manage changes
in their business processes and information systems from the
impending GST roll-out.
The resource centre will be a one-stop portal for businesses
looking at adopting or migrating to technology that will make them
future ready for GST. sap.com/india/SimpleGST will impart
information on key areas like tax computation, master data
management and business process localisation, a company statement said
here today.
''GST has opened up opportunities for businesses in over 160
countries and helped them move beyond the physical constraints to
expand exponentially by harnessing digital prowess,'' D.S. Rawat,
Secretary General, ASSOCHAM said.
He said it was certain that this knowledge sharing portal by SAP
will enable and equip Indian businesses with the technology know-how
for a seamless transition to a GST environment.
With the roll-out of this new tax regime, over 51 million SMEs in
India will need to consider reinvesting or redefining their business
processes. Automation and encapsulation of the compliance measures
into the IT systems of these organisations is imperative and early
preparation and planning is the key to a successful GST
implementation.
SAP was committed to businesses in their journey, starting from
being GST compliant, to realizing the full potential of benefits
accruing from digital transformation in the post-GST India, the
statement said.
UNI RS CS
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Tags: #ASSOCHAM# SAP to Jointly Accelerate GST Readiness
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