SAP has signed a memorandum of understanding with Reliance Corporate IT Park Limited (RCITPL) to introduce SARAL GST to enable simple and secure compliance with India’s new Goods and Services Tax (GST) regime, planned for rollout starting July 1, 2017.
SARAL GST is expected to provide unified support and high quality service to organisations paying taxes under the new regime. In addition to generally simplifying the process, the GST solution will be both secure and scalable.
SARAL GST will leverage the expertise of both SAP and RCITPL in the new tax environment. SAP, in its role as an Application Service Provider (ASP) will enable organisations to create, manage and file their GST returns simply and securely. RCITPL, in its capacity as a GST Suvidha Provider (GSP), will provide the means for SAP to connect to the government’s GST system by way of the Reliance Jio Multiprotocol Label Switching (MPLS) network.
“GST is not just a tax reform but is an unprecedented opportunity for companies to improve functional efficiencies and realise increased profitability,” said Neeraj Athalye, head of S/4HANA and GST Adoption Drive, SAP India. “Besides helping businesses get compliant with the new law seamlessly, SARAL GST will also enable them to benefit from the GST vision.”
“We see GST as the next avenue to enrich and enhance the nation’s Digital Life experience,” said Rajkumar N. Pugalia, head of GST Initiatives, RCITPL, a subsidiary of Reliance Industries Limited. Pugalia said SARAL GST represents the latest initiative in the two-decade partnership between SAP and Reliance.
