The document outlines the significant impact of the Goods and Services Tax (GST) on businesses, emphasizing its effects on product pricing, supply chain optimization, and compliance systems. Sailotech offers consulting services to help businesses prepare for the transition to GST, including impact assessments and the implementation of proprietary tools for smooth compliance and reporting. By preparing in advance, businesses can benefit from improved cash flows and better tax credit utilization under the new tax regime.

1. GST
Consulting

2. The implication of the GST is beyond tax and will touch upon
every part of your business.
New indirect tax regime will have a far-reaching effect on
the pricing of products, services, supply chain optimization,
accounting, IT and compliance systems.
Overview
Step 1: Understanding the impact of the GST on your Business
Step 2: Preparing the business for GST
Sailotech has been involved with the
progress of GST from the beginning. Our
tax consultants have translated the future
GST policies into impact assessment for
businesses. They simulate scenarios for the
business so it becomes clear how and where
the new GST can be leveraged. They can
also identify areas of adverse impact and
address it with contingency plan. Sailotech
consulting services can thus ascertain
smooth transition for your business into a
resilient one.
The GST implementation will affect majority of
the business functions including the Enterprise
Software.The already existing tax work flow will be
nullified and a new way of tax transaction handling
will be critical.
Sailotech can help you in preparing for the new
GST regime. Our Proprietary Tools are featured
with rapid implementation, minimal impact, out of
the box and easy transition strategy. The software
addresses statutory reporting in appropriate
formats to the authorities, making your legacy /
ERP accounting application conform to GST. Our
certified consultants understand your domain, your
ERP. We are already equipped with necessary tools,
processes and migration strategy.

3. Step 3: Reaping the benefits of GST
Our GST Enablement Armour
GST will fundamentally change
the way a business works. Once the
preparation for the GST is undertaken,
it is time to reap the benefits in the new
tax regime. With improved cash flows
and better tax credit utilization, it will
be a big advantage to the businesses
that prepare in advance.
Sailotech GST Solution has in-built
analytics that constantly guides you
towards optimizing your tax liability. It
can serve as a support system in your
journey with GST and help you with
decision support.
Impact Assessment Stage
Create a Master Pool
Database by collating relevant
data from the existing
accounting / reporting systems
into a software tool.
Enable Data Slicing and
Dicing for Analysis.
Study the existing IT systems
and their readiness for the
movement to GST.
Cull out statistical reports
on impact of changes in tax
structure on the final pricing
of goods and service.
Simulation of GST scenarios
with existing data and
calculation of tax and eventual
changes in supply chain and
pricing mechanisms.
Form a basis and road map
for data transition and
management.
Transitional Stage
Collation of all the relevant
transactions for the past 1
year or the relevant period
into a common database with
different buckets for different
kinds of taxes.
Detailed reports under
various statutes viz., VAT /
Service Tax / Excise where
input taxes are available.
Closing balance registers for
stock, outstandings, returns,
tax credit etc.
Preserve online copies of
invoices eligible for input
credit. Invoices to be scanned
/ uploaded into an online
database.
Other customised MIS
reports.
Capture and collate details of
all ongoing proceedings and
open assessments / appeals
etc., with impact analysis.
Implementation / Run-in
Stage and Steady State
Tools to simulate the tax
implications.
Tool to act as a bridge between
your accounting system and
the GSTN portal.
Tool to help with data
conversion / flattening for
upload etc.
Tool to facilitate generation of
all kinds of returns and reports
related to payments, returns
& refunds.
Comprehensive reports with
all variables built in for SGST,
CGST and IGST.
Upload facility for con-
current data and generate tax
computation for comparison
purposes.
Repository of all the incoming
and outgoing trade / service
documents pertaining to GST.

4. GST Impact
on Enterprise
Systems
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