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GST impact

Nov 05, 2016 at 05:17 AM

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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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Please suggest...

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Hi,

As suggested though you may not have Excise components still you have VAT,CST in the present scenrios along ith other Taxes these will be subsumed to CGST,SGTS and IGST

morever customer and vendors need to Register with government for GST numbers

TAXINN is a must even if dont have Excise elemnts.

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3 Answers

Sanil Bhandari Nov 07, 2016 at 11:07 AM
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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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Anil Kumar Nov 09, 2016 at 06:31 AM
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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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Hi

Refer OSS Note 2014164 and its associated notes, especially the FAQ one. That should answer most of your questions.

Regards

Sanil Bhandari

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Nils Buerckel
Nov 09, 2016 at 10:31 AM
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Hi Anil,

maybe the following link on GST is helpful:

sap.com/india/SimpleGST

Best regards,

Nils Buerckel

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