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© 2016 Openbravo Inc. All Rights Reserved. 1
Seize the opportunity as GST launches in India July 25th, 2017
© 2016 Openbravo Inc. All Rights Reserved. 2
Today’s Presenters
Geoff Nairn
Enterprise Solutions Specialist
Openbravo
Hari Madhavan
Director ERP Practice
Promantia Global Consulting LLP
© 2016 Openbravo Inc. All Rights Reserved. 3
Today’s presentation will be available for download at: www.openbravo.com/retailers/resources/webinars
For additional resources on our retail solutions, please visit: www.openbravo.com/retailers/resources/
Have a question? Click on the Question tab. Q&A will be at the end of today’s presentation.
Submit additional questions or comments on Twitter. Hashtag: #openbravo
Increase the Value of Today’s Webinar
?
© 2016 Openbravo Inc. All Rights Reserved. 4
Introduction
The implications of GST for
retailers
How Openbravo can help
Takeaways
QnAs
Agenda
© 2016 Openbravo Inc. All Rights Reserved. 5
The Implications of GST for Retailers
GST has been rolled out across India
o Most retailers have adapted to GST
from a billing perspective
o Extension provided for returns
From a retail context
o Need to reduce effort while ensuring
compliance and maximize credit.
o Understand the options for filing
returns
© 2016 Openbravo Inc. All Rights Reserved. 6
GST Recap: What it is all About?
Simplified tax regime
Tax-credits across goods and services
Single national market
Tax on supply
Systems that drives compliance
© 2016 Openbravo Inc. All Rights Reserved. 7
The Rollout – Current Status
Fairly smooth start
Few anomalies adjusted
TDS for Ecommerce - deferred
E-Way bill also deferred
Inter-state logistics is getting better
About 30 states/UT have abolished border check posts
Reduced costs at the retail end for most products
© 2016 Openbravo Inc. All Rights Reserved. 8
Filing of Monthly Returns
Some short term flexibility
July returns - additional 1 month
August returns – additional 15 days
Scheduled dates to be enforced from Sept.
Automation and processes will be important
Three options for filing returns
Online returns on the web
Offline returns through Excel and GSTN provided tool
Integration through GSP
© 2016 Openbravo Inc. All Rights Reserved. 9
GST – benefits of a systems approach
Ensure compliance
Consistently capture Partner GST information
Ensure Taxes are properly calculated and paid (include reverse
taxes in case of unregistered vendors )
Need to match GSTN view of vendor invoice with yours
Follow-up with vendors ( and respond to customer follow-up ) to
correct discrepancies
Utilize Benefits
Ensure maximum utilization of input credits
Use analytics to understand and improve the real costs in the new
GST world
© 2016 Openbravo Inc. All Rights Reserved. 10
Openbravo Localization – getting GST ready
Initial GST version published
Master Data, Tax Rates and Invoice and Order
changes for GST conformance
Web POS also made GST compliant
GST Returns – What will we support
Sep release - Online integration – working with
GSTN provided APIs
Mid-Aug release - Create Excel document that
could be used with the offline tool
© 2016 Openbravo Inc. All Rights Reserved. 11
Openbravo Localization – check it out
A brief demo
Capturing GSTIN data for businesses and partners
HSN codes for products and taxes
GST tax rates
GST Compliant receipt
You can access it at
Openbravo – check out www.openbravo.com or talk
to the contacts in the last slide
India Localization – access as in demo
© 2016 Openbravo Inc. All Rights Reserved. 12
Key Takeways
GST era is started – time is running out if businesses do not
have the right systems to manage the month-on month load.
While initially it could be about compliance, businesses
should move quickly to efficiency and optimization
They need to choose a returns filling option that works best for
them and choose a product that support their needs
Openbravo can help you turn GST from a challenge into an
opportunity
© 2016 Openbravo Inc. All Rights Reserved. 13
Thank you
Web: www.openbravo.com/contact
Email: [email protected]
Spain Office: +34 932 725 947
India Office: +91 33 4004 7358
Mexico Office: +52 559171 1841
Thank you very
much for your
attention