German software company SAP SE on Wednesday launched ‘GST in a Box’ — an all-inclusive solution portfolio to help 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 four-five billion invoice uploads that will happen every month, since more than 40% transactions will pass through a 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.