SAP’S OFFERING FOR THE LAST MILE IN THE GST REGIME
The GST regime will see two players – GST Suvidha Provider (GSP), and Application Service Provider (ASP) for the last mile connectivity that goes digital. The following diagram shared by GST Network (GSTN) offers this clarity Source: http://www.gstn.org/ecosystem/index.php
All GST registered entities must submit their Supply Invoices to GSTN via this digital medium. Thus, registered Vendors will also upload their Supply Invoices, which will be the basis to determine Input Tax Credit (ITC). Once the invoices from vendors are accepted, formal ITC will be available. Do note, this rule can undergo a change once the final IGST Act, CGST Act and SGST Act are published and made available. On the basis of data provided to GSTN, it is expected, that returns will be auto populated and must be verified and accepted by GST registered entities. © 2016 SAP SE or an SAP Affiliate Company. All rights reserved.
SAP’S OFFERING FOR THE LAST MILE IN THE GST REGIME Every interaction with GSTN will be via published APIs (application process interface). The eco system of GSPs are expected to provide a secure transfer of data to GSTN and back, recording logs of transactions, and provide necessary audit trails and reports to GSTN as desired. These uploads and downloads will be facilitated by consuming APIs of GSTN through a dedicated MPLS line or a VPN line. Further, there will be a charge for data upload of invoices and the returns. These details are work in progress. SAP will be an ASP and will make provisions to address the following: Form / Report GSTR-1 GSTR-2 GSTR-3 GSTR-6 GSTR-7 GSTR-8 GSTR-9 GSTR-10 Utility Tool Utility Tool
Details Details of Outward Supplies Details of Inward Supplies Monthly Return ISD Return TDS Return Annual Return Reconciliation Statement Final Return Vendor Invoice credit reconciliation Utilization Dashboard
The expectation is to deal with a large volume of data and we expect supply invoices themselves to be ranging from 45,000 (forty five thousand) to above 6,00,000 (six lakh) invoices on a monthly basis. As a result the development will be offered on HANA Cloud Platform (HCP) and on S/4 HANA. Discussions with prospective GSPs are underway so that technical integration of SAP’s ASP solution with GSP is technically feasible. Note on compliance: The compliance to run daily transactions – procure to pay, order to cash, stock transfers and such will be handled as part of the regular legal change / compliance offering. You may refer to the digital platform ( http://discover.sap.com/live-business/en-in/gst.html ) and launch pad (https://launchpad.support.sap.com/#/legalchangenotification/detail/GSCBIN-348) for regular updates.
© 2016 SAP SE or an SAP Affiliate Company. All rights reserved.
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© 2016 SAP SE or an SAP Affiliate Company. All rights reserved.
