GST in SAP B1
Goods and service tax is a new regime taxation system for the whole nation bringing in unorganized sections under uniform platform. This system makes tariff to be unique across all functional areas by streamlining different types of indirect charges leveraged on state and central excise duty into single concept subsuming other multiple taxes. Enterprise application software provider SAP launched GST compliance platform to help SME’s boost their shift towards digital economy. Introduction of GST performs transactions in standardized approach yet resulting in delivering some important changes for growth of SME’s. SAP is continuously working on enhancing SAP Business One by complying legal regulations of GST solution.
Companies need to review their business operations in line with the new tax regime and take steps so that they do not lose a grand opportunity to expand. Having a strong ERP solution that delivers on the core business needs and also makes your movement to GST regime smooth is the need of the hour. SAP Business One is a world class ERP platform that can help SMEs transform their own businesses and get ready to play big in the GST era. Early adopters of SAP Business One will get a significant head start in this journey and will be set to conquer & expand their own market with pace, agility and reliability.
Why companies should adopt SAP B1?
SAP Business One becomes your company’s IT backbone that not only delivers on its own purpose of providing visibility into operations, reducing costs, improving customer satisfaction but also helps in integrating with other external/internal IT applications as needed so as to provide a robust solution landscape that can keep growing in line with the increased demand of the business. This capability of real time access is a significant enabler to the company – both for the top management and operating staff.