What kind of changes required for the GST Ready ERP!
After the Demonetization, the GST has created the hype in all the business organizations, whether they are running their business on small scale or they are the giant firms. While the common men are hoping for the best, the business owners have no need to be confused. The Goods and Services Tax will be in the practice from the 1st July 2017. The giant enterprises of the country have already started updating their Enterprise Resource Planning (ERP) systems. The key players of the ERP providers such as Oracle, SAP etc. have already confirmed that they are coming up with new GST compliance needs. The migration of the data is a crucial task that has to be done carefully. So, it becomes necessary for the expert to examine the impact of GST on ERP systems carefully. Here are some of the points that are going to affected by the implementation of GST in ERP Systems. Accounts: The account codes have to be prepared separately for the Value Added Tax (VAT) and Serv...
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