Good and Services Tax (GST) is revolutionizing the Indian tax system and is the biggest tax reform since independence. It will simplify the process of indirect taxation and will replace the complicated taxes such as State Value Added Tax (VAT), Central Excise, Service Tax, and other indirect taxes.
Do you run or plan to start a small or medium enterprise? GST has the following benefits for Small and Medium Enterprises (SMEs).
Now that you have all these benefits, the next question in your mind will be – what tools do I have to operate my business in a GST regime? The answer is SAP Business One Cloud. Specifically designed to aid SMEs, it is a product by SAP, a market leader in enterprise applications and is a cloud-based ERP. It helps managing all critical business processes.
GST is a game changer for SME businesses. However, without the proper tools, you may not be able to take adequate advantage of this change. SAP’s Business One ERP solution gives you the right tool to take advantage. It gives you the cost effectiveness of a large enterprise, but, allows you to maintain the nimbleness of a SME.
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