Scribd Logo
Upload

Welcome to Scribd!

  • 112 views

    Case Study Cherrytec Goods Services Tax (GST) in SAP

    Uploaded by

    Suresh R
    The document discusses GST implementation in SAP. Key points include migrating tax calculation from TAXINJ to TAXINN, installing required support packs, and addressing areas impacted like registration, master data, tax computation, processes, and reporting. The GST solution covered all taxable sales and purchase scenarios for various industries. Tax rates were determined based on HSN/SAC codes and place of supply. Cherrytec has successfully implemented GST solutions for its SAP customers in India.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Case Study Cherrytec Goods Services Tax (GST) in SAP

    Uploaded by

    Suresh R
    112 views2 pages
    The document discusses GST implementation in SAP. Key points include migrating tax calculation from TAXINJ to TAXINN, installing required support packs, and addressing areas impacted like registration, master data, tax computation, processes, and reporting. The GST solution covered all taxable sales and purchase scenarios for various industries. Tax rates were determined based on HSN/SAC codes and place of supply. Cherrytec has successfully implemented GST solutions for its SAP customers in India.

    Original Description:

    Case study cherry te GST

    Original Title

    Case Study Cherrytec Goods Services Tax(GST) in SAP

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses GST implementation in SAP. Key points include migrating tax calculation from TAXINJ to TAXINN, installing required support packs, and addressing areas impacted like registration, master data, tax computation, processes, and reporting. The GST solution covered all taxable sales and purchase scenarios for various industries. Tax rates were determined based on HSN/SAC codes and place of supply. Cherrytec has successfully implemented GST solutions for its SAP customers in India.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    112 views2 pages

    Case Study Cherrytec Goods Services Tax (GST) in SAP

    Uploaded by

    Suresh R
    The document discusses GST implementation in SAP. Key points include migrating tax calculation from TAXINJ to TAXINN, installing required support packs, and addressing areas impacted like registration, master data, tax computation, processes, and reporting. The GST solution covered all taxable sales and purchase scenarios for various industries. Tax rates were determined based on HSN/SAC codes and place of supply. Cherrytec has successfully implemented GST solutions for its SAP customers in India.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    GST Implementation in SAP

    Overview:

     Goods and Services Tax (GST) is the biggest indirect tax reform India has adopted since
    independence.
     It subsumes most of the indirect goods and service taxes levied by the Indian Central and State
    Governments
     Under GST, goods and services are taxed at the rates: 0%, 5%, 12%, 18% & 28%; some special
    rates are still applicable for specific category of products.
     GST came into effect from Jul 1, 2017.

    GST Readiness in SAP:

     As a pre-requisite from SAP, it is mandatory to migrate the tax calculation procedure in SAP from
    formulae based TAXINJ to condition based TAXINN procedure; thus fading away the significance of
    Tax Codes in SAP.
     Depending on the SAP version, it is also required to install to the relevant support pack(s)
    provided by SAP.
     SAP has also released various Notes & Knowledge Articles related to GST implementation in
    Customers’ SAP Systems

    Areas Impacted:

     GST Registration
     Master Data maintenance in SAP
     Tax Configuration and Computation
     Business Process Localization
     GST Tax postings
     Tax Reporting (Internal Reports + Statutory Reporting)

    Minimum Migration to SAP Notes/KBAs GST Solution Testing Go-Live


    EHP/SP TAXINN •Implement •Implement the •Unit & •Cutover
    •Required •Formule based to Notes released GST solution in Integration Strategy
    Support Packs Condition based by SAP SAP Testing •Go-Live
    Tax Calculation •Post Go-Live
    procedure
    • UAT
    Support

    Cherrytec Case Study Series www.cherrytec.com


    GST Implementation in SAP

    The GST Solution Coverage


    Cherrytec has successfully implemented GST for its SAP Customers in India covering all taxable scenarios
    in Sales and Purchase for various industries such as Manufacturing, Process Automation and
    Pharmaceuticals.

    Various taxable scenarios in sales such as domestic & export sales, intrastate and interstate sales and
    stock transfers were addressed. Specific requirements such as Tax on Free Goods and Promotional Sales
    were also covered.

    Similarly, all taxable scenarios in purchase such as domestic purchase, intrastate and interstate purchases,
    sub-contracting were precisely configured in SAP. Import Purchase which retains the Customs Duty in
    addition to the Integrated GST (IGST) was also configured in SAP.

    Based on the HSN/SAC codes and the place of supply of Goods & Services, the tax rates were determined
    in the purchase and sales transactions in SAP.

    About Cherrytec
    Cherrytec is a Global Enterprise IT company providing consulting, development & maintenance covering
    SAP, Oracle and Allied Services through its offshore, onsite & dedicated delivery teams. Since
    incorporation in 1998, Cherrytec has been consistently exceeding Clients' expectations and requirements.

    We align our internal processes and methodologies completely oriented to Client requirements. Through
    our comprehensive consulting & management expertise, innovative problem solving methods, and timely
    delivery which enable ideal partnership for an array of IT services.

    For more information about us please visit : http://www.cherrytec.com

    Cherrytec Case Study Series www.cherrytec.com

    You might also like