The Goods and Services Tax (GST), the biggest tax reform in the Indian economy will become a reality in 2017. GST will ensure all of India is one common market. The obvious benefits of the tax reform include a much greater ease of doing business and savings in logistics costs across all sectors of business. The implementation of GST will have a multifold impact on ERP systems. All tax-related inward and outward processes will need to be reviewed and re-aligned.
To this effect, Cyret has developed a GST solution that addresses pertinent areas of the customers ERP. Three major corporate organizations in India have engaged Cyret to design, develop and deploy our GST solution for JD Edwards. The projects are scheduled to complete well before the GST law comes into effect on July 1, 2017.