Yes! You will have to take it. And if you were to look at the pace of the government, it will happen sooner than later. We have little over 90 days to be prepared and execute it. Over last few months we have kept pace with the evolving law and also how SAP is possibly incorporating it in the SAP software. Here is a summary of how you can approach this necessary change –
1) Meet the Prerequisites right away
There are two prerequisites –
A) TaxINN Procedure
Make sure you are using TaxINN procedure of SAP ECC software and not TaxINJ. If you are not on TaxINN procedure, you have to begin doing that immediately and urgently. Take help from an experienced SAP partner. We will be happy to help.
B) ECC Software Version
To execute the GST changes, you will need to make sure you meet following combination of ECC 6.0 EHP level and Support Pack levels. If you do not meet this, start an upgrade project immediately. Ask us for an assessment. Our dedicated GST team will help revert to you within 24 hours.
2) Get a GST Impact Assessment Done today
Depending on what modules and scenarios of end to end business process you use from SAP software, impact of GST on your SAP system may vary. Use our Impact Assessment Program that may be 15 person days to 30 person days depending on the size of your SAP deployment. Three of our expert SAP/GST consultants will work with you. Deliverables from this IAP is clear scope of GST project, Implementation plan and brief on possible design changes for each impacted scenario.
3) Be Ready for the 11th Hour
Once you are prepared with first two steps, you will be better positioned to deal with the sudden deadline. Looks like it is going to be that way. Avoid a last minute panic and rush. Make sure you have chosen your implementation partner and have secured right team and commitments.
Got more questions? Write to us at GSTHelpLine@vitalwires.com
Vital Wires Consulting is an Enterprise Solutions and Products company with SAP expertise. We cannot help you with business restructuring decisions that may be a possibility with India moving towards being one seamless market. Do seek business consulting advice from appropriate firms in this regard. We can help you with right implementation of GST law in your SAP system.