Less formalised sectors are the weak link for GST: SAP India President & MD

He says companies are focused to be GST-compliant and get GST-ready

Sudipto Dey 

It is estimated that SAP-enabled enterprise resource planning systems and solutions will account for 40 per cent of all transactions under the new goods and services tax (GST) regime. Deb Deep Sengupta, president & managing director at SAP India, shares with Sudipto Dey, his perspective on corporate readiness for the new indirect tax. Edited excerpts: How are companies going about adapting to the change in the indirect tax system? Their first focus is to be GST-compliant and get GST-ready. Then, most companies – of all sizes – will take this opportunity to re-design ...

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Read our full coverage on GST

Less formalised sectors are the weak link for GST: SAP India President & MD

He says companies are focused to be GST-compliant and get GST-ready

It is estimated that SAP-enabled enterprise resource planning systems and solutions will account for 40 per cent of all transactions under the new goods and services tax (GST) regime. DEB DEEP SENGUPTA, president & managing director at SAP India, shares with Sudipto Dey, his perspective on corporate readiness for the new indirect tax. Edited excerpts:How are companies going about adapting to the change in the indirect tax system?Their first focus is to be GST-compliant and get GST-ready. Then, most companies - of all sizes - will take this opportunity to re-design their supply chain to improve their efficiencies, be it in logistics, manufacturing, distribution, supplies or stock points, etc. This will happen once the compliance and readiness drive is over. Large companies are already on that journey; smaller ones will follow. Businesses will use the power of one market to ship their goods in more efficient manner. This will pan out in phases at least over the next two years - ... It is estimated that SAP-enabled enterprise resource planning systems and solutions will account for 40 per cent of all transactions under the new goods and services tax (GST) regime. Deb Deep Sengupta, president & managing director at SAP India, shares with Sudipto Dey, his perspective on corporate readiness for the new indirect tax. Edited excerpts: How are companies going about adapting to the change in the indirect tax system? Their first focus is to be GST-compliant and get GST-ready. Then, most companies – of all sizes – will take this opportunity to re-design ... image
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