Case Study

Nation’s leading GST Compliant SAP integrated solution - Cygnet Infotech

Nation’s leading GST Compliant SAP integrated solution - Cygnet Infotech

Pages 5 Pages

GST Compliant SAP Integrated Solution For An Indian Oil And Gas Giant BUSINESS SCENARIO: The introduction of Goods and Service Tax (GST) has enabled a paradigmatic shift in the tax reporting system by replacing the older tax regimes like VAT, CST, Service Tax and others. GST has brought all the central and state government taxes under single umbrella, facilitating a common national market and providing a plethora of benefits to various businesses. With the changing tax scenarios, our client had an ardent time in transitioning to the new taxation system. Few crucial challenges they faced were: ? Struggling to identify the condition types which determined what tax (CGST/SGST/IGST) and how much tax was applicable on goods for import/export ? GST Tax de

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