Goods & Services Tax (GST) in IndiaGST – Two Way Implementation Approach Required

GST – Two Way Implementation Approach Required

GST is coming and everyone has again started discussing about it.

The task of implementation of GST is going to be a two way implementation for each and every company.

The companies with various vendor cannot afford to miss its proper implementation at their end as well. Hence,the perfect implementation of GST calls for its mandatory two phased identification,integration & implementaion only.

The Companies will have following challenges :

1. Identification of supply

2.Nature of Supply

3. Network flow-path Optimization

4. Demand-Supply Planning

5.Strategic Sourcing

6.Tax Re-structuring

7.IT Compliance 

8.Vendor Contract Management

9. Making SOP & Its Implementation

10. Tax Compliances & Returns

11.Identification Of Various Implications

12. GST Compliance At Vendors End, Etc.

We at AMLEGALS have strong anticipation that the companies will have hard time to have a perfect SOP (Standard of Procedure) for GST and also in identifying the best strategy for  supply chain management under GST regime.

The time has come when every company has to make its own strategy to implement GST. The preparation should start without any further waiting since GST is a reality in near future.

The preparation towards the GST implementation also requires the involvement of its vendors as well so that the flow of ITC is also not at stake.

There are smart ways to implement the GST in a fast manner .

We can be reached on info@amlegals.com and/or gst@amlegals.com .

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