GST Implementation

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GST Connects

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 GST Multi-fold Impact
What are
GST is a game changer Why? the impact
areas?

Import GST Business Processes Supply chain

Tax on Stock
Transfer

IT systems HR
Rate changes

GST
Sales & Marketing
Exemptions to
Refunds
Product Pricing
Change in
Fiscal
point of
taxation/ Cash Flows
credits
Accounting

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 Our Approach - GST Implementation

Phase I Phase II Phase III

• Crafting business • Assisting in
• Understanding of
strategies
Business
• Contract review developing SOPs
• Scrutiny of records
• Transaction • Aliening with GSTN
• Understanding of
restructuring
business processes • Go live support
• Guidance in transitional
• Classification of
period • Support in filling
transactions in to
• Trainings to the
different baskets first returns
management
• Trend Analysis
• Benchmarking of
• Impact Analysis
procurement rates
• Advisory to IT system
w.r.t. GST

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 Stages of Implementation of GST
A Impact Analysis through Analysis & Mapping of Existing Process vis-à-vis GST

A1 Understand Existing Org Structure

1 Understanding of Transactions of the Business:

i Transaction listing through narration dump

ii Trial Balance - Location wise, State Wise & Segment wise

Existing Returns ER-1, ER-2 & ST-3, VAT Audit, Balance Sheet, Tax Audit, Cost Audit – All
iii
locations.

iv Present Valuation of all transactions and valuations under GST.

Existing retention of tax – ineligible Cenvat Credit on input capital goods & input services, VAT,
v
CST, Entry Tax, LBT, Purchase tax including cascading effects.

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 Stages of Implementation of GST
A2 Analyse Existing Flow (Material and Value) between entities
Understanding of existing business and deriving best practices in GST for optimizing
A3
maximum benefits.
Classification of the transactions into specified w.r.t. Goods & Service & Place of
1 provisions

2 Understanding of Flow Chart with respect to:

i Organization

ii Material Movement – Prior manufacturing

iii Material Movement – During manufacturing or for other purpose.

iv Distribution Pattern – Post manufacturing

Understanding functions of each Department at Macro & Micro level to assess the
GST impact on their transactions and mapping them with existing Business Model.
3

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 Stages of Implementation of GST
4 Understanding of warehousing & logistic model including depot, branches, stock level
thereof for GST impact and restructuring thereof.

5 Trend Analysis

i Inventory - Location wise & category wise

ii Branch transfers

iii Location wise sales

6 Understanding distribution patterns till ultimate sale to consumer for GST impact and
restructuring thereof.

7 Understanding of sales policy including schemes, discounts, return of goods for GST
impact and restructuring thereof.

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 Stages of Implementation of GST
A4 Impact Analysis

A5 Map Existing Material Movement Flow

A6 Map P&L Expense Accounts (For Services / Non Stock / Misc.)

A7 Guidance for Transitional Period & deriving strategies for smooth transition
and avoiding losses during transition

A8 List Open Area / Decisions and Alternative Path / Strategies

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 Stages of Implementation of GST
B Contract Review

Understanding of suppliers - nature of goods, place of supply & present

B1
contractual terms for GST impact and restructuring thereof.

Understanding service providers including contractors & contractual terms and

B2 place of supply for GST impact and restructuring thereof.

B3 Advising revised terms & conditions in GST regime

B4 Advising amendment to the present POs during transition period

B5 Probable reduction in purchase price – A-Class vendors

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 Stages of Implementation of GST
C GST Strategies

C1 Analysing function wise GST leakages & liabilities form the existing business
strategy.

C2 Crafting Business Strategies

C3 Advising new business strategies and continuous consultation with GST Core Group
of the company (multifunction team).

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 Stages of Implementation of GST
D As Is - To Do preparations
D1 Suggest Change in Org Structure in line with GST
D2 Advise on Accounting Control for Tax Compliance and Tax Management.
D3 Advise for mapping transactions to ERP System.

E Training & Operating Procedure

E1 Assisting in developing SOPs in each function of the Department including GST
compliance
E2 Training at 3 levels.
i Senior level team for decision making
ii Middle Management for implementation
iii Lower Management & Operating Team for documentation and compliances.

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 Role of IT Division
F List Various Possibilities of Restructuring within ERP

F1 Prepare Material (Input / Output) Flow As Is - To Do

F2 Prepare Service (Input / Output) Flow As Is - To Do

F Prepare Other Transactions As Is - To Do

F1 Prepare Transition Provision System Requirement

F2 Suggest Master / Transaction Changes, Checks and Balance

F3 Suggest Changes to Processes & Accounting Structure / ledgers

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 Role of IT Division
H Guidance for ERP Implementation

H1 Enable ERP Team for GST Change Requirement

H2 Train ERP Team for Changes in GST & Rational behind System Changes

H3 Discuss As-Is To Do prepared as per requirement

H4 Define Data Points for GST Returns and Reconciliations in line with GSTN

H5 Help Finalize Change Requirement Document / Blue Print

H6 Suggest Best Practice & Process Improvements

H7 Provide GST Roadmap, Must Do - To Do for Go Live & payback points

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 Role of IT Division
I Member of ERP Implementation Team

I1 GST ERP Implementation Steering & Change Management

I2 Participate in Implementation Reviews

I3 Verify Proposed Solutions design for requirements

I4 List Delta & Suggest Changes / improvements to reduce gaps

I5 Participate and Output testing and validate results

I6 Work for User Training & Change Management

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 Core Team
Level Name Qualification

I Ashok Nawal CMA

I Manoj Behede CA
II Arun Sawant Advocate
II Pravin Arote MBA
II Preeti Kulkarni CA
II Manoj Malpani CA
II Nanda Barde CMA
II Kiran Sawale Advocate

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 Core Team
Level Name Qualification
III Nilesh Pathak Advocate
III Abhishek Malpani CA
III Neha Sarda CA
III Harshad Deshpande CMA
III Harshada Patil CMA
III Vinay Jain CA
III Anita Patil CS
III Amit Devdhe CMA
III Anuj Chordiya CMA
III Nikita Mahale CMA

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 Core Team
Level Name Qualification
IV Renuka Joshi
CA
IV Richa Gelra
CS
IV Ajay Kalani
CMA
IV Sushant Telkikar
CMA
IV Amar Mantri
CMA
IV Rajesh Tarode
CMA
IV Swaraj Chhallani
CA
IV Dipti Nikale
MBA

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 Core Team
Level Name Qualification

IV Minal Sonje
CMA
IV Tushar Ajmera
CA
IV Swapnil Kataria
MBA
IV Sumeet Lodh
CS
IV Sumit Panpaliya
CA
IV Rucha Aurangabadkar
CMA

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 GST Impact Analysis Tool
Bizsol
...partners in strategy
Gia'N't
Procurement Sales / Supply
Location State:- All India Product/Brand:- All Product

Inputs Outputs
VAT /CST VAT /CST

Inputs
GST Outputs
Customs Duty
Impact Assessment 'N' Tool Excise Duty

Inputs Outputs
Excise Duty Input Worksheets Impact Analysis Customs Duty

Inputs Outputs
Service Tax Service Tax

Inputs -
Inputs-
Working
GST Margin
capital impact

Inputs Outputs
WCT WCT Update dropdown
list

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Services Private
PrivateLimited
Limited
Thank You..

Contact Us
Ashok B Nawal
Mobile : 98901 65001
Email Id : nawal@Bizsolindia.com