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Goods & Services Tax
Make GST Work for you
2016
Goods & Services Tax| Make GST Work for you
03
“Implementation of GST as a reform measure is of
unparalled importance in independent India. The
new tax regime will have numerous changes and
developments, and it will be crucial to stay abreast
of these new developments to ensure your business
remains GST optimised. Deloitte is here to help you
identify and work through the GST implications, to
give you the satisfaction that your business’ future
plans are GST optimized”
Goods  Services Tax| Make GST Work for you
04
Goods  Services Tax,
Upcoming Actuality
Indirect Tax in India
Goods and Services Tax (GST) is a
broad based, comprehensive tax
to be levied on goods and services,
and is being seen as the solution
to overcome some significant
disadvantages in the current indirect
tax regime in the country.
GST is proposed to subsume most
Central and State indirect taxes such
as Excise Duty (levied on manufacture
or production), Service Tax (levied
on provision of services), Central
States Tax (levied on inter-state sale
transactions), Value Added Tax (levied
on intra-state sale transactions), Entry
tax (charged on entry of goods in a
particular jurisdiction) etc., currently
applicable on various business
transactions.
In India, a dual GST is being proposed
to be implemented wherein a Central
goods and services tax ('CGST')
and a State goods and services
tax ('SGST') would be levied on the
taxable value of a transaction. Both
the Central Government and the
State Governments would legislate,
levy, and administer CGST and SGST
respectively.
Goods  Services Tax| Make GST Work for you
05
Assessing the GST
Transition on Business
Implementation of dual GST is important
and would positively incentivize trade and
industry, as it is expected to be a simple
and transparent tax structure.
The result would be a reduction in the
number of taxes at the Central and the
State levels, cut in effective tax rate for
many goods and services, removal of
the current cascading effect of taxes,
and reduction of transaction costs
for taxpayers through simplified tax
compliance.
Simple and
transparent tax
structure to positively
incentivize trade and
industry”
Goods  Services Tax| Make GST Work for you
06
Given this context, all businesses, and mainly those with manufacturing and/
or distribution intensive operations, would need to assess the impact of the
proposed dual GST on their existing structure. They would therefore need to
revisit their existing supply chain structure to optimize the dual GST incidence.
The areas that would need critical focus are:
The businesses in the service sector currently deal only with a single authority,
i.e., service tax department. They need to be fully prepared for the dual control
regime as they will then have to also deal with the both State and Central GST
authorities.
Training to staff
and stakeholders
Documentation
impact assessment
Identify and implement
changes to organization
structure, supply chain,
IT system
Impact analysis onbusiness
model and supply chain –
reorganization requirements
Assessment of
incremental working
capital requirements
Product pricing and
dealer/ channel
partner margins
Impact on on-going
contracts/ new contracts
Key Business Concerns
Deloitte’s perspective
on Business Impact
Goods  Services Tax| Make GST Work for you
07
Deloitte follows a structured methodology to help business move to the GST
based framework.
How Deloitte can help
Businesses strategize
their transition to GST
Assessment Implementation Post
Implementation
Supply Chain
Optimization
Business Advisory Technology
Advisory
Overview
Impact
Analysis
Planning
Plan
Execution
Review GST
Rollout
Project Management Office
Multi - functional delivery capabilities to accelerate delivery of service
Tax Consulting
Technology  Business Consulting
Business
Process
Analytics Compliance
Process
Training
Project
Management
GST (Rollout)
GetSet Methodology
Multi-disciplinary teams working together to accelerate the delivery of services.
An integrated GetSeT approach that goes throughout the lifecycle of the GST rollout
implementation.
Goods  Services Tax| Make GST Work for you
08
Accelerating your GST
journey with Deloitte
Deloitte’s experienced and multidisciplinary team of consultants can help you get
ready for GST in the following ways by:
Understanding
your business
needs,
Analysing the tax
impact on business
operations,
Equipping you with the
know-how in implementing
GST,
Advising you the
necessary steps to
address the new
challenges and explore
the opportunities that
GST brings.
Our integrated approach goes throughout the lifecycle of the GST rollout
implementation and comprises phase wise work which includes Assessment,
Implementation, and Post Implementation. The Assessment phase will include
a GST overview assessment of different business functions and operations in
order to get a glimpse of the various changes which your organisation would have
to undergo when GST is introduced. This will be followed by an Impact Analysis
identifying the potential impact, including quantification of impact and identifying
affected business functions. In the Implementation phase, our team will be
engaged in the preparation of the plan, validation and fine-tuning the business
process and functions.The Post Implementation phase would include support
towards complete transition when GST is rolled out. The Deloitte implementation
team will be engaged with you on each and every milestone of the GST roadmap
and help you take a proactive GST approach for your business.
Goods  Services Tax| Make GST Work for you
09
Our suite of tools and
enablers
Based on our past experience with
GST/VAT implementation, and on
working with GST/VAT systems
globally, we have tailored a range of
tools to meet business requirements
with your path to GST implementation.
GST Tools
GST Impact Analyser analyzes impact
of GST on income, expense, pricing,
margins and cash flow requirements
GST Bolt-on will extract the
transaction data from accounting
system / ERP and process it to
undertake GST computations,
generate GST compliant invoices,
generate tax registers  reports and
prepare GST returns; it will facilitate
compliance on GSTN portal.
Being a GST Suvidha Provider (applied
for), our tools will assist in submission
of GST returns on GSTN
Appointment of Domain Experts
Guidance on Technical matters as a
Subject Matter Expert
Interfacing with the Organization’s
clients on critical matters
Ensuring seamless transition to GST
Advocacy on key issues and client
interests before appropriate forums
Deloitte India GST Connect
Deloitte India GST Connect provides
you the latest insights and information
on GST in India from Deloitte India’s
tax specialists. The app allows you to
keep up-to-date with the latest news
about GST in India and also provides a
wealth of information on GST anytime
anywhere. The app is available on
Android, IoS, and MS office platforms
GST Think Tanks
Interactive workshops, seminars, and
conferences helping business leaders
to understand GST and to socialize key
concepts with staff.
Goods  Services Tax| Make GST Work for you
10
Contacts
Contact us at : ingstpmo@deloitte.com
Ahmedabad
19th Floor, Shapath –V
S. G. Highway,
Ahmedabad – 380015.
Tel: + 91 (079) 66827300
Fax: + 91 (079) 66827400
Bangalore
Deloitte Centre, Anchorage II,
100/2, Richmond Road,
Bangalore 560 025.
Tel: +91 (080) 6627 6000
Fax: +91 (080) 6627 6010
Chennai
No.52, Venkatanarayana
Road, 7th Floor, ASV N
Ramana Tower,
T-Nagar, Chennai 600 017.
Tel: +91 (044) 6688 5000
Fax: +91 (044) 6688 5050
Delhi/Gurgaon
Building 10, Tower B, 7th
Floor, DLF Cyber City,
Gurgaon 122 002.
Tel: +91 (0124) 679 2000
Fax: + 91 (0124) 679 2012
Hyderabad
1-8-384 and 385, 3rd Floor,
Gowra Grand S.P.Road,
Begumpet,
Secunderabad – 500 003.
Tel: +91 (040) 6603 2600
Fax:+91 (040) 6603 2714
Kolkata
Bengal Intelligent Park Building
Alpha, 1st floor, Block EP
and GP Sector V, Salt Lake
Electronics Complex,
Kolkata - 700 091.
Tel: + 91 (033) 6612 1000
Fax: + 91 (033) 6612 1001
Mumbai
Indiabulls Finance Centre,
Tower 3, 28th Floor,
Elphinstone Mill Compound,
Senapati Bapat Marg,
Elphinstone (W),
Mumbai – 400013.
Tel: + 91 (022) 6185 4000
Fax: + 91 (022) 6185 4101
Pune
706, B-Wing, 7th Floor,
ICC Trade Tower,
Senapati Bapat Road,
Pune – 411 016.
Tel: + 91 (020) 6624 4600
Fax: +91 (020) 6624 46055
Goods  Services Tax| Make GST Work for you
11
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private
company limited by guarantee (“DTTL”), its network of member firms, and their
related entities. DTTL and each of its member firms are legally separate and
independent entities. DTTL (also referred to as “Deloitte Global”) does not
provide services to clients. Please see www.deloitte.com/about for a more
detailed description of DTTL and its member firms. This material is prepared by
Deloitte Touche Tohmatsu India LLP (DTTILLP).
This material (including any information contained in it) is intended to provide
general information on a particular subject(s) and is not an exhaustive
treatment of such subject(s) or a substitute to obtaining professional services
or advice. This material may contain information sourced from publicly available
information or other third party sources. DTTILLP does not independently verify
any such sources and is not responsible for any loss whatsoever caused due to
reliance placed on information sourced from such sources. None of DTTILLP,
Deloitte Touche Tohmatsu Limited, its member firms, or their related entities
(collectively, the “Deloitte Network”) is, by means of this material, rendering any
kind of investment, legal or other professional advice or services. You should
seek specific advice of the relevant professional(s) for these kind of services. This
material or information is not intended to be relied upon as the sole basis for
any decision which may affect you or your business. Before making any decision
or taking any action that might affect your personal finances or business, you
should consult a qualified professional adviser.
No entity in the Deloitte Network shall be responsible for any loss whatsoever
sustained by any person or entity by reason of access to, use of or reliance on,
this material. By using this material or any information contained in it, the user
accepts this entire notice and terms of use.
©2016 Deloitte Touche Tohmatsu India LLP. Member of Deloitte Touche
Tohmatsu Limited
Deloitte Touche Tohmatsu India Private Limited (U74140MH199 5PTC093339), a
private company limited by shares, was converted into Deloitte Touche Tohmatsu
India LLP, a limited liability partnership (LLP Identification No. AAE-8458) with
effect from October 1, 2015.

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GST Implementation Guide

  • 1. Goods & Services Tax Make GST Work for you 2016
  • 2.
  • 3. Goods & Services Tax| Make GST Work for you 03 “Implementation of GST as a reform measure is of unparalled importance in independent India. The new tax regime will have numerous changes and developments, and it will be crucial to stay abreast of these new developments to ensure your business remains GST optimised. Deloitte is here to help you identify and work through the GST implications, to give you the satisfaction that your business’ future plans are GST optimized”
  • 4. Goods Services Tax| Make GST Work for you 04 Goods Services Tax, Upcoming Actuality Indirect Tax in India Goods and Services Tax (GST) is a broad based, comprehensive tax to be levied on goods and services, and is being seen as the solution to overcome some significant disadvantages in the current indirect tax regime in the country. GST is proposed to subsume most Central and State indirect taxes such as Excise Duty (levied on manufacture or production), Service Tax (levied on provision of services), Central States Tax (levied on inter-state sale transactions), Value Added Tax (levied on intra-state sale transactions), Entry tax (charged on entry of goods in a particular jurisdiction) etc., currently applicable on various business transactions. In India, a dual GST is being proposed to be implemented wherein a Central goods and services tax ('CGST') and a State goods and services tax ('SGST') would be levied on the taxable value of a transaction. Both the Central Government and the State Governments would legislate, levy, and administer CGST and SGST respectively.
  • 5. Goods Services Tax| Make GST Work for you 05 Assessing the GST Transition on Business Implementation of dual GST is important and would positively incentivize trade and industry, as it is expected to be a simple and transparent tax structure. The result would be a reduction in the number of taxes at the Central and the State levels, cut in effective tax rate for many goods and services, removal of the current cascading effect of taxes, and reduction of transaction costs for taxpayers through simplified tax compliance. Simple and transparent tax structure to positively incentivize trade and industry”
  • 6. Goods Services Tax| Make GST Work for you 06 Given this context, all businesses, and mainly those with manufacturing and/ or distribution intensive operations, would need to assess the impact of the proposed dual GST on their existing structure. They would therefore need to revisit their existing supply chain structure to optimize the dual GST incidence. The areas that would need critical focus are: The businesses in the service sector currently deal only with a single authority, i.e., service tax department. They need to be fully prepared for the dual control regime as they will then have to also deal with the both State and Central GST authorities. Training to staff and stakeholders Documentation impact assessment Identify and implement changes to organization structure, supply chain, IT system Impact analysis onbusiness model and supply chain – reorganization requirements Assessment of incremental working capital requirements Product pricing and dealer/ channel partner margins Impact on on-going contracts/ new contracts Key Business Concerns Deloitte’s perspective on Business Impact
  • 7. Goods Services Tax| Make GST Work for you 07 Deloitte follows a structured methodology to help business move to the GST based framework. How Deloitte can help Businesses strategize their transition to GST Assessment Implementation Post Implementation Supply Chain Optimization Business Advisory Technology Advisory Overview Impact Analysis Planning Plan Execution Review GST Rollout Project Management Office Multi - functional delivery capabilities to accelerate delivery of service Tax Consulting Technology Business Consulting Business Process Analytics Compliance Process Training Project Management GST (Rollout) GetSet Methodology Multi-disciplinary teams working together to accelerate the delivery of services. An integrated GetSeT approach that goes throughout the lifecycle of the GST rollout implementation.
  • 8. Goods Services Tax| Make GST Work for you 08 Accelerating your GST journey with Deloitte Deloitte’s experienced and multidisciplinary team of consultants can help you get ready for GST in the following ways by: Understanding your business needs, Analysing the tax impact on business operations, Equipping you with the know-how in implementing GST, Advising you the necessary steps to address the new challenges and explore the opportunities that GST brings. Our integrated approach goes throughout the lifecycle of the GST rollout implementation and comprises phase wise work which includes Assessment, Implementation, and Post Implementation. The Assessment phase will include a GST overview assessment of different business functions and operations in order to get a glimpse of the various changes which your organisation would have to undergo when GST is introduced. This will be followed by an Impact Analysis identifying the potential impact, including quantification of impact and identifying affected business functions. In the Implementation phase, our team will be engaged in the preparation of the plan, validation and fine-tuning the business process and functions.The Post Implementation phase would include support towards complete transition when GST is rolled out. The Deloitte implementation team will be engaged with you on each and every milestone of the GST roadmap and help you take a proactive GST approach for your business.
  • 9. Goods Services Tax| Make GST Work for you 09 Our suite of tools and enablers Based on our past experience with GST/VAT implementation, and on working with GST/VAT systems globally, we have tailored a range of tools to meet business requirements with your path to GST implementation. GST Tools GST Impact Analyser analyzes impact of GST on income, expense, pricing, margins and cash flow requirements GST Bolt-on will extract the transaction data from accounting system / ERP and process it to undertake GST computations, generate GST compliant invoices, generate tax registers reports and prepare GST returns; it will facilitate compliance on GSTN portal. Being a GST Suvidha Provider (applied for), our tools will assist in submission of GST returns on GSTN Appointment of Domain Experts Guidance on Technical matters as a Subject Matter Expert Interfacing with the Organization’s clients on critical matters Ensuring seamless transition to GST Advocacy on key issues and client interests before appropriate forums Deloitte India GST Connect Deloitte India GST Connect provides you the latest insights and information on GST in India from Deloitte India’s tax specialists. The app allows you to keep up-to-date with the latest news about GST in India and also provides a wealth of information on GST anytime anywhere. The app is available on Android, IoS, and MS office platforms GST Think Tanks Interactive workshops, seminars, and conferences helping business leaders to understand GST and to socialize key concepts with staff.
  • 10. Goods Services Tax| Make GST Work for you 10 Contacts Contact us at : ingstpmo@deloitte.com Ahmedabad 19th Floor, Shapath –V S. G. Highway, Ahmedabad – 380015. Tel: + 91 (079) 66827300 Fax: + 91 (079) 66827400 Bangalore Deloitte Centre, Anchorage II, 100/2, Richmond Road, Bangalore 560 025. Tel: +91 (080) 6627 6000 Fax: +91 (080) 6627 6010 Chennai No.52, Venkatanarayana Road, 7th Floor, ASV N Ramana Tower, T-Nagar, Chennai 600 017. Tel: +91 (044) 6688 5000 Fax: +91 (044) 6688 5050 Delhi/Gurgaon Building 10, Tower B, 7th Floor, DLF Cyber City, Gurgaon 122 002. Tel: +91 (0124) 679 2000 Fax: + 91 (0124) 679 2012 Hyderabad 1-8-384 and 385, 3rd Floor, Gowra Grand S.P.Road, Begumpet, Secunderabad – 500 003. Tel: +91 (040) 6603 2600 Fax:+91 (040) 6603 2714 Kolkata Bengal Intelligent Park Building Alpha, 1st floor, Block EP and GP Sector V, Salt Lake Electronics Complex, Kolkata - 700 091. Tel: + 91 (033) 6612 1000 Fax: + 91 (033) 6612 1001 Mumbai Indiabulls Finance Centre, Tower 3, 28th Floor, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (W), Mumbai – 400013. Tel: + 91 (022) 6185 4000 Fax: + 91 (022) 6185 4101 Pune 706, B-Wing, 7th Floor, ICC Trade Tower, Senapati Bapat Road, Pune – 411 016. Tel: + 91 (020) 6624 4600 Fax: +91 (020) 6624 46055
  • 11. Goods Services Tax| Make GST Work for you 11
  • 12. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms. This material is prepared by Deloitte Touche Tohmatsu India LLP (DTTILLP). This material (including any information contained in it) is intended to provide general information on a particular subject(s) and is not an exhaustive treatment of such subject(s) or a substitute to obtaining professional services or advice. This material may contain information sourced from publicly available information or other third party sources. DTTILLP does not independently verify any such sources and is not responsible for any loss whatsoever caused due to reliance placed on information sourced from such sources. None of DTTILLP, Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte Network”) is, by means of this material, rendering any kind of investment, legal or other professional advice or services. You should seek specific advice of the relevant professional(s) for these kind of services. This material or information is not intended to be relied upon as the sole basis for any decision which may affect you or your business. Before making any decision or taking any action that might affect your personal finances or business, you should consult a qualified professional adviser. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person or entity by reason of access to, use of or reliance on, this material. By using this material or any information contained in it, the user accepts this entire notice and terms of use. ©2016 Deloitte Touche Tohmatsu India LLP. Member of Deloitte Touche Tohmatsu Limited Deloitte Touche Tohmatsu India Private Limited (U74140MH199 5PTC093339), a private company limited by shares, was converted into Deloitte Touche Tohmatsu India LLP, a limited liability partnership (LLP Identification No. AAE-8458) with effect from October 1, 2015.