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
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.