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GST impact

Hi,

If any guy working in a Construction company, then how GST impact their business because they don't have excise related activities, No CIN at all.

Is there any other changes except Excise / CIN.

In case of no changes except Excise / CIN, then it is necessary to migrate Tax procedure TAXINN from TAXINJ (as required for GST) or not?

Please suggest.

Regards,

Anil Kumar

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3 Answers

  • Nov 07, 2016 at 11:07 AM

    Hi

    CIN is not just excise. It also includes indirect taxation like VAT, Service Tax, Octroi, Entry Tax, Custom Duties etc so yes GST is applicable to you as well since one of the taxes must be applicable. Specifically, with construction, TDS is applicable along with Service Tax/VAT. If that is the case, GSTR 7 is the return required every month as part of GST. To do that, you also need to submit details of GSTR 1 & 2 and GSTR 3 on monthly basis. The India GST solution is built on TAXINN, so you will also need to migrate to the same or a similar condition based procedure for GST to work.

    regards

    Sanil Bhandari

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  • Nov 09, 2016 at 06:31 AM

    Hi,

    If we migrate tax procedure from TAXINJ to TAXINN, then what will be the changes i.e. in configuration, customization & modification / enhancements in reports.

    Please suggest.

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  • Nov 09, 2016 at 10:31 AM

    Hi Anil,

    maybe the following link on GST is helpful:

    sap.com/india/SimpleGST

    Best regards,

    Nils Buerckel

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