Configuration Guide For SAP GST in India
Configuration Guide For SAP GST in India
Configuration Guide For SAP GST in India
Surabhi Guleria
May 11, 2023 11 Min Read
Want a guide for SAP GST In India? Here’s a detailed one to help you out with
everything.
In data processing, SAP stands for Systems, Applications, and Products. The SAP R/3
system is a corporate software program that integrates all aspects of a company’s
operations.
It offers end-to-end finance, manufacturing, logistics, and distribution solutions. All
company procedures are carried out in a single SAP system, and everyone has access to
the same data.
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Data migration is a huge project that impacts both master and transaction data and
necessitates the deployment of a large number of professional employees. Businesses
had a difficult time adjusting to the GST system at first.
The race was won by enterprises that planned and implemented an efficient change
management strategy for their ERPs to transition to GST. SAP, for example, has included
the GST compliance requirements into its system for both current and new clients.
Now that you know what SAP is all about, let’s jump to configuring SAP GST in India.
Table of Content
Advantages Of SAP
Tax Procedure Configuration for GST
Pricing Procedure Configuration For GST
How Can Lio Help?
Conclusion
Frequently Asked Questions (FAQs)
Advantages Of SAP
SAP software organizes various business management functions into modules that share
information and work together in a single system.
Promotes a consistent practice across a division
There are no duplicate records
Automated project tracking and reporting that is multidimensional and customizable.
Business process standardization.
Make planning, scheduling, tracking, and management easy, so you can focus on
higher-value tasks.
Ability to define job roles and assign authorizations.
Enabling e-commerce integration.
Expenses like stationery, file storage, and so on are reduced.
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Using The Condition Technique, Keep Track Of Tax Codes For Excise
Duties.
Transaction Code: SM30
Because we are using the TAXINN tax method, this is a crucial step. If this is not done,
the tax code in PO will not operate.
Maintain Tax Percentage Rates
Using transaction code FV11, you can change the tax percentage rates based on the
recommended access sequence or your own access sequence.
Complete this master data action and keep track of the required tax percentages based
on your access sequence/key combination so that they may be calculated in PO.
While keeping a Condition Record, the following message may appear:
“Tax ID G2 cannot be checked (there are several/no tax records)
Message no. VK242”
This is because we did not keep a Tax Percentage Rate in FTP. This will have no impact
on the tax calculation in PO.
Pricing Procedure Configuration For GST
Create Condition Table
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Create a condition table for material
Method 1: Country/PlntRegion/TaxCl1Cust/TaxCl.Mat/Region/Ctrl code
Method 2: PlntRegion/Region/TaxCl1Cust/Material
Create a condition table for services using transaction code V/05
Method: PlntRegion/Region/TaxCl1Cust/Activity
Create Access Sequence [V/07]
Create Condition Types [V/06]
Create output Central GST condition type
Create output State GST condition type
Create output Integrated GST condition type
Create Accounting Key [OV34]
Update Pricing Procedure JINFAC [V/08]
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Conclusion
One of the most appealing features of SAP as an ERP system is its flexibility and
adaptability. In combination with other essential tools such as document management or
a CRM, SAP may help you better manage your business and adjust to a post-GST
environment.
Make sure you clean up your act by simplifying your IT department and making the
appropriate SAP modifications. I hope this detailed article written by me on the guide for
SAP GST in India gives you all the information required.
Frequently Asked Questions (FAQs)
What is one of the most appealing features of SAP as an ERP system?
One of the most appealing features of SAP as an ERP system is its flexibility and
adaptability.
What is GST?
The Goods and Services Tax (GST) is a single system-wide tax imposed by the state and
central governments on all services and goods.
WHAT ARE THE ADVANTAGES OF SAP?
1. Ability to define job roles and assign authorizations.
2. Enabling e-commerce integration.
3. Expenses like stationery, file storage, and so on are reduced.
WHAT WERE THE OTHER TYPES OF TAXES IMPOSED BEFORE GST?
Prior to GST, the Indian government used a variety of taxes (excise, VAT, CST, service
tax, and so on) that were imposed many times.
IS IT NECESSARY FOR A COMPANY TO BE REGISTERED UNDER GST?
Every company must register in each state of establishment under India’s new indirect
taxes system (GST).
10 Comments
Varsha Tiwari REPLY
AUGUST 1, 2022 AT 5:32 PM
Could you please tell me in short what LOS and POS in GST mean?
Arjun K REPLY
AUGUST 18, 2022 AT 4:36 PM
Can you pls tell me what the pilot rollout method is? Many thanks..
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