German software company SAP SE on Wednesday launched “GST in a Box” — an all-inclusive solution portfolio to help the Indian firms become GST compliant.
The ‘GST in a Box’ solution enables organisations to effectively manage suppliers, customer engagement and supply chain in the new tax regime.
“Out of an estimated 4-5 billion invoice uploads that will happen every month, since more than 40 per cent of transactions will pass through an SAP system, we will help Indian corporates swiftly get compliant with this new law and ensure that businesses benefit from the GST vision,” Neeraj Athalye, Head of S/4HANA and GST Adoption Drive, SAP India, said in a statement.
As part of its commitment to establish a GST-ready economy, the company will soon embark on a 21-city “GST Health Check Drive” to evaluate and educate organisations that are preparing for transition to the GST regime.
The implementation of the GST Bill is a prime opportunity for businesses to transform themselves to thrive in the new age digital economy, the company said.