INDIA_GST_TRAINING

GST Implementation

INDIA GST TRAINING IN SAP

Joint initiative by Integratie with SAP India Pvt Ltd for GST Readiness & Technical Implementation – by SAP trainers with SAP Certification

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+91 9870998804
+91 9870123179
ITSGST
Phase I & Phase II – GST - Tax Migration
Trainings
Duration
5 days
Audience
Specialised SAP MM, SAP FI, SAP SD, Tax consultants, Project managers, Core team members in customer organization and Power users in customer organization
Level
Introduction, Implementation, Migration, Testing and launch
Languages
English
Course Fee (Corporate bookings & student discounts contact us)
Standard Fee – 50,000.00 INR per Participant
Goals
  • Understanding GST and impact in SAP systems of customers on TAXINJ
  • Estimating work involved to migrate SAP system of customer from TAXINJ to TAXINN
  • Learning configuration steps involved in implementing TAXINN and activating the same
  • Understanding SAP tool usage for migrating open procurement documents to tax procedure TAXINN
  • Understanding testing requirements to ascertain successful migration
Prerequisites
  • Recommended (any one)
    • SAP Certified Application Associate - Procurement with SAP ERP 6.0
    • SAP Certified Application Associate - Sales and Distribution, ERP 6.0 EhP6
    • SAP Certified Application Associate - Financial Accounting with ERP 6.0 EhP6
  • SAP ERP 6.0 onwards
Course content
High Level Impacts
GST Training & SAP Landscape - High Level Impactst.
Key Questions
Compliance to legal requirements?
What needs to be done in systems and processes to comply with GST regulations?
Efficiency that reduces costs?
Do you have a solution design that automates accounting for GST input and output tax and provide accurate data for tax returns &auditing?
Flexibility to respond to the pace of business?
How to achieve a standard GST compliant SAP solution which support the pace of your business?.
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Business Challenges
  • Pressure from the authorities for Legal Compliance / Penalties on late submission and incorrect reporting
  • Demand for accurate GST reporting
  • Deadlines for submitting GST returns /Cash Management & Tax Liability
  • Impacts entire sales and purchase transactions and resultant Data Integrity / Master Data changes and validations
  • Complex rules (e.g. Cross-border services, Transition Rules, mixed supply)
  • Industry specific GST requirements
IT challenges
IT challenges covered in the training
  • Need to deliver a standardized approachto supporting GST for SAP users with low TCI to drive business continuity
  • Consistent upgrade path for GST functionality
  • Total Cost of Development for custom GST applications, Forms and Reports increase the overall TCO
  • Maximized use of standard SAP functionality
  • A solution aligned with the long-term direction of SAP products
  • High pressure from government to ascertain compliance versus high effort, restricted time line and limited budget
GST Compliant system
GST Compliant system– Challenges
  • Inaccurate & delayed GST returns can attract penalty
  • Complex rules to manage special conditions
  • Interfaces and SAP customizations may pose additional challenges for GST enablement
  • Impacts entire supply chain and related financial accounting
  • Regression testing of SAP and all connected systems
  • Managing transition scenarios such as Taxable Goods / Services Sold Before
  • Sub optimal implementation of GST can even result in cash flow issues for organization
Key business impacts
Training on Multiple business areas where GST will put an impact
Summary of key business impacts
Sourcing
  • Inter-State procurement could prove to be a viable strategy
  • This may also open opportunities to consolidate suppliers/vendors
Distribution
  • Changes in tax system could also warrant changes in distribution arrangements
  • Current arrangements for distribution of finished goods may no longer be optimal with the removal of the concept of excise duty on manufacturing
  • Current network structure and product flows may need review and redesign
Pricing and profitability
  • Tax savings resulting from the new GST structure would require re-pricing of products
  • Margins or price mark-ups would also need to be reexamined
Cash flow
  • Removal of excise duty on manufacturing can result in improvements in cash flow and inventory costs since GST will now be paid at the time of sale/supply rather than at the time or removal of goods from the factory
System changes and transaction management
  • Required changes affect multiple areas including master data, supply chain transactions, Audit and Reporting
  • Open transactions and balances will need to be migrated on the cut-off date to ensure smooth transition to GST
  • Changes to supply chain reports (e.g., purchase register, sales register, services register), other tax reports and forms (e.g., invoices, purchase orders) will need review and adjustments
  • Enhanced need for reconciliation of data with suppliers, government and other partners
Training
  • Training and education of employees to understand new compliance requirements under GST to ensure a smooth transition
Training on GST Impact
Training on GST Impact – SAP Landscape - Summary
SAP Materials Management (Procure to Pay)
Material/Service Master | Purchase orders | Subsequent Credit /Debit | Purchase Info Records | Debit/Credit Notes | Invoices
SAP Sales & Distribution (Order to Cash)
Sales Orders | Distribution Channel | Pricing (Types of Conditions) | Sales Area | Billing Schedule | Debit/Credit Notes | Invoicing | Delivery
SAP Financial Accounting
Accounts Payable and Receivables | Invoicing (Non-PO) | Management of Master Records Billing (Non-SO) | Petty Cash | Invoices and Credit Notes | General Voucher | G/L Account
SAP Forms & Master Data
SAP FI, SD, MM, G/L Reports |Other Statutory Reporting | Vendor, Customer | G/L Account Reporting | SAP Human Capital Management | Employee Benefits | Travel & Expenses
Knowledge Sessions for companies to proactively identify areas impacted and prepare and test business scenarios to measure impacts
  • Understand key areas of impact in their business
  • Prepare different scenarios for the application of GST
  • Continually track policy development regarding GST and update prepared scenarios accordingly
  • Identify issues and concerns needing representation to the authorities and develop a strategy for effective management of these
  • Regression testing of SAP and all connected systems
  • Prepare a business and IT transition roadmap and align relevant teams/li>
  • Prepare IT systems to build and test process scenarios
How this training can help
GST Tools Project Phase Description
GST Assessment Tool Discovery
  • Analysis on current Configurations
  • Analysis on current Master Data setup
  • Technical Feasibility analysis.( SAP version , Support Pack Level and etc)
  • High-level analysis on As-Is transactions
GST Migration tool Realization
  • Mass updates for Master Data
  • Managing open transactions during transition period
  • Managing Tax re-determinations
GST Testing Tool Realization
  • Regression testing
  • Load testing
  • Embedded test scenarios
GST Content Development tool Realization /Post Go Live
  • Rapid GST end user training content creations
  • Rapid GST demo creations
  • Rapid GST Exam creations
GST Audit Tool Post Go live
  • Exception reports on deviations
  • Transaction accuracy analysis
  • GST Compliance analysis
Run with SAP for 100 % Compliance
  • Understand key areas of impact in their business
  • Prepare different scenarios for the application of GST
  • Continually track policy development regarding GST and update prepared scenarios accordingly
  • Identify issues and concerns needing representation to the authorities and develop a strategy for effective management of these
  • Regression testing of SAP and all connected systems
  • Prepare a business and IT transition roadmap and align relevant teams
  • Prepare IT systems to build and test process scenarios
SAP’s GST Service Categories
SAP’s GST Service Categories - a 4 Pillar Approach
Professional SAP Training contentwill actively simplify the below service plans
assesment
discovery
SAP’s GST Assessment service - Benefits
  • Visibility of GST impact on SAP across entire business process.
  • Road map for GST implementation provides clear insights to system changes, cost and time line
  • Risk reduction and assured legal compliance
  • Reduced manual intervention in AP/AR and full benefit of input tax credit
  • Recommendation in line with standard SAP / best practice guidelines
  • Leverage learnings from SAP GST implementations worldwide (Brazil, Australia, Malaysia etc.)
GST – Check points
  • Review General Ledger Master Records
  • Review Customer Master Records
  • Review Vendor Master Records
  • Review Material Master Records
  • Review Service Master Records
  • Review Pricing Procedure Configuration
  • Review external interfaces
  • Review Custom Programs
Business Processes Review
  • Procure to Pay process – How to maximize Input Tax Credit
  • Supplier Invoice Management & Record keeping
  • Material classifications
  • Review supplier base and categories
  • Order to Cash Process – Output Tax determination, Tax Benefits
  • Payment terms
  • Financial Accounting Process
  • Cash Flow Management
  • Organizational structure
Configuration & Customization Review
  • Purchase Pricing Procedures
  • Sales Pricing Procedures
  • FI Configuration
  • HCM Configuration
  • Reports, Enhancements, Forms & GST impact
  • 3rd Party interfaces (Inbound & Outbound)
  • SAP modules beyond SD, MM, FI - PS, PM
  • Beyond ECC – SRM, CRM, Industry Solutions
Data Cleansing and Update Requirements
  • Vendor Maser Update for GST Registration #
  • Customer Master Update for GST Registration #
  • Material Master
  • Change of Tax classification in the existing PO
  • Change of Tax classification in the existing SO
  • Pricing Procedure
  • GL Accounts
Change Management & Training Needs
  • Enterprise wide GST Awareness & readiness
  • Project Team training
  • Key User and End User Traininge
  • Change Management
Testing, Cutover & Go live Needs
  • Regression testing to ensure non GST functions works properly
  • Explore Test Automation possibilities
  • Impact of other projects in parallel
  • Availability of business / IT team
  • Trial cutover, Technical Go live, Business Validation
  • Business Go live & Post go live support
Transition Related Requirements
  • Taxable Goods / Service Sold Before 1 April 2016 and Returned On Or After 1 April 2016
  • Taxable Service Provided Before 1 April 2016 and Terminated On Or After 1 April 2016
  • Progressive and Periodic Supply Spanning GST Implementation
  • Long Term contracts
  • How to switch off current tax configuration
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