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What does India need to do to be GST ready by 1st April 2017

Fabulous coordination between Centre and States – note this law offers a platform where all states are treated at par

Defining a set of three or four rates (zero, exempt, normal rate, sin rate), and classify goods / services accordingly

Policy makers who have broadly set up the skeleton must define law that is progressive – no unnecessary checks (We are moving from a system of trust to a system of proof)

Massive education roadshows – government cannot absolve its responsibility here – maybe use the MPLAD funds well

Industry aligns and educates itself on the nitty-gritties of the law

GST infrastructure being built by GSTN must be ready ahead of time, and must be tested thoroughly with industry support

Government or GSTN must stand up to litigations that will come up and not wash their hands off it

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      Author's profile photo Ramky Prabhakar
      Ramky Prabhakar

      Thanks Arun for initiating this blog.

      May be SAP can propose GST architecture type keeping Indian context (State and federal structure). SAP has abundance knowledge in tax area as you all support / comply most of the countries in the world. Best practices insights should be imbibed may be to key stakeholders in GST Council so that tax procedures and policies can be Industry friendly keeping software tweaks to bare minimum. Best of european Ïntrastat Tax Reporting can be tweaked for GST India, just a thought.
      SAP tax procedure should be future proof and there will be huge spike in tax line items being loaded. You should also think from audit side.

      Author's profile photo Former Member
      Former Member



      Author's profile photo Former Member
      Former Member

      GST will bring revolution in Indirect Tax Regime in India. You can keep yourself updated with latest in GST on GST India Guide Web page.

      Author's profile photo Former Member
      Former Member

      The e-way bill system is an innovative and unique digital model that simplifies the bill payment process for the users like taxpayers and transporters. The GST E Way Bill system allows the users to use a single platform to move their goods all over the country.