Goods & Service Tax [GST-India]

[Former Member]

Hi Friends,

India is going to step into new era of TAX system i.e.. GST, in near future. I understand that all Excise,CESSES,VAT,CST, AED,SED etc... will be subsumed in GST. Which will work in a model of CGST-Central, SGST-State, IGST-Interstate.

Dear friends if any of you have any idea abt how this will work in our current SAP CIN system, please through some light. Expecting further discussion on this topic.

Thanks & Regards

C.Praveen Kumar

[Lalit]

This message was moderated.

[Former Member]

Hi Friends,

Any input on this thread????

[Lakshmipathi]

The simiple logic you can arrive is that if at all Government is going to implement GST from financial year 2010-11, necessary notification should have been published by now.

Since as I said, no body is clear on this, you can take it for granted, this will be postponed to next financial year that is 2011-12. I am also sure, no members in this forum can give any more information precisely.

thanks

G. Lakshmipathi

[Former Member]

Hi,

Please check note released by SAP. Note No -1392876. I am with Lakshmipathi that Govt. will post pone this .

Regards,

Abhijit

Edited by: Abhijit Joshi on Feb 20, 2010 7:14 PM

Edited by: Abhijit Joshi on Feb 20, 2010 7:16 PM

[Lakshmipathi]

To be precise, Indian Government itself is not clear on the modus operandi of GST. To my knowledge, no notification has been released so far.

Of course, the outline indication is that there will be no VAT / CST and all will go in one condition type.

thanks

G. Lakshmipathi

[Former Member]

Hi,

For this SAP INDIA already release OSS note,kindly check that.

Kapil

[Former Member]

Dear Kapildev Farakte,

Yes i have already gone through the note and understood. But i am trying to make some discussions thread, which would help most of us in future. So please try to give your valuable suggestions and inputs.

Regards

Praveen Kumar....