Steps to Implement GST in Business in India

By | September 21, 2016

Steps to Implement GST in Business

Implement GST in Business in India

There are several steps that businesses may consider for GST readiness and they include:

  • Map the current business transactions and over lay the GST footprint to assess impact of new law
  • Take impact mitigation measures by restructuring transaction flows and / or supply chain
  • Redesign the processes in line with the above
  • Assess IT readiness requirements and take necessary steps to bring in functional modifications
  • Assess and implement registration and compliance requirements and
  • Assess steps to be taken to ensure smooth transition including stakeholder communication and documentation requirements

Implement GST in India

Implement GST in Business in India

Steps to Implement GST in Business

 Implement GST in Business

gst team

STAGES OF GST IMPLEMENTION

GST implemention in india

  1. Businessmen needs to identity Steps to Implement GST in Business. For Example

Steps to Implement GST in Company

2.Businessmen needs to design Flow Chart to Implement GST in Business. For Example

For Example  :-GST Refund For Tourist In Malaysia

Steps to Implement GST in Company

 

3. Companies needs to Sequence the activies to  Implement GST in Business

Image result for GST Steps for businessmen

4. Businessmen needs to decide Inputs on which GST will be avialable and  output on which it needs to pay GST to  Implement GST in Business . He also needs to decide Time of Supply, Threshold, Exemptions etc.

 Implement GST in Business

 GST Steps for businessmen

to  Implement GST in Business

5. Businessmen needs to decide whether supply is at standard Rate, Zero Rate or Exempted Supply to  Implement GST in Business

 Implement GST in Business

 Implement GST in Business

 Implement GST in Business

 

 6. Businessmen needs to decide who are there supplier, and Consumers to  Implement GST in Business

Image result for GST Steps for businessmen

7. Businessmen needs to have GST  Audit done after Implementing GST in Business

  Implement GST in Business

implement GST in Business.

GST Implementation Challanges

GST Implementation Challanges

All About GST – A Complete Guide to Model GST Law (3rd Edition, August 2016)

Implement GST in India

BUY

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