Seize the opportunity as GST launches in India

© 2016 Openbravo Inc. All Rights Reserved. 1

Seize the opportunity as GST launches in India July 25th, 2017


Today’s Presenters

Geoff Nairn

Enterprise Solutions Specialist

Openbravo

Hari Madhavan

Director ERP Practice

Promantia Global Consulting LLP


Today’s presentation will be available for download at: www.openbravo.com/retailers/resources/webinars

For additional resources on our retail solutions, please visit: www.openbravo.com/retailers/resources/

Have a question? Click on the Question tab. Q&A will be at the end of today’s presentation.

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Introduction

The implications of GST for

retailers

How Openbravo can help

Takeaways

QnAs

Agenda


The Implications of GST for Retailers

GST has been rolled out across India

o Most retailers have adapted to GST

from a billing perspective

o Extension provided for returns

From a retail context

o Need to reduce effort while ensuring

compliance and maximize credit.

o Understand the options for filing

returns


GST Recap: What it is all About?

Simplified tax regime

Tax-credits across goods and services

Single national market

Tax on supply

Systems that drives compliance


The Rollout – Current Status

Fairly smooth start

Few anomalies adjusted

TDS for Ecommerce - deferred

E-Way bill also deferred

Inter-state logistics is getting better

About 30 states/UT have abolished border check posts

Reduced costs at the retail end for most products


Filing of Monthly Returns

Some short term flexibility

July returns - additional 1 month

August returns – additional 15 days

Scheduled dates to be enforced from Sept.

Automation and processes will be important

Three options for filing returns

Online returns on the web

Offline returns through Excel and GSTN provided tool

Integration through GSP


GST – benefits of a systems approach

Ensure compliance

Consistently capture Partner GST information

Ensure Taxes are properly calculated and paid (include reverse

taxes in case of unregistered vendors )

Need to match GSTN view of vendor invoice with yours

Follow-up with vendors ( and respond to customer follow-up ) to

correct discrepancies

Utilize Benefits

Ensure maximum utilization of input credits

Use analytics to understand and improve the real costs in the new

GST world


Openbravo Localization – getting GST ready

Initial GST version published

Master Data, Tax Rates and Invoice and Order

changes for GST conformance

Web POS also made GST compliant

GST Returns – What will we support

Sep release - Online integration – working with

GSTN provided APIs

Mid-Aug release - Create Excel document that

could be used with the offline tool


Openbravo Localization – check it out

A brief demo

Capturing GSTIN data for businesses and partners

HSN codes for products and taxes

GST tax rates

GST Compliant receipt

You can access it at

Openbravo – check out www.openbravo.com or talk

to the contacts in the last slide

India Localization – access as in demo

http://www.openbravo.com/


Key Takeways

GST era is started – time is running out if businesses do not

have the right systems to manage the month-on month load.

While initially it could be about compliance, businesses

should move quickly to efficiency and optimization

They need to choose a returns filling option that works best for

them and choose a product that support their needs

Openbravo can help you turn GST from a challenge into an

opportunity


Thank you

Web: www.openbravo.com/contact

Email: [email protected]

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India Office: +91 33 4004 7358

Mexico Office: +52 559171 1841

Thank you very

much for your

attention