SAP S/4HANA and ECC · Ÿ Tax Accounts Update +91 80 80 80 68 51 [email protected] Digital...
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+91 80 80 80 68 51 [email protected] www.savictech.com Digital Transformation on New Tax TCS SAP S/4HANA and ECC Complying with new TCS Tax rules on Goods Sold effective from 1-October-2020 Govt of India has been strengthening its tax collection capabilities by implementing measures to collect tax at source. TDS or Tax Deduction at Source provisions of income tax cover payments such as rent, commission, professional fees, salary, interest etc. Persons making such payments deducts income tax and makes net payment. New TCS provisions make the seller of any goods liable to collect TCS from the buyer. While TDS establishes tax trail on recipient’s income(primarily services), TCS aims at tax trail/recovery on buyer’s spend(on goods). The Provisions related to collection of TCS on sale of goods exceeding Rs. 50 lakhs has been introduced in Finance Act, 2020 and is all set to be made applicable w.e.f. 01.10.2020. High Level Scope Ÿ TCS- SAP Notes Implementaiton Ÿ Master Data changes Ÿ Pricing and Tax procedure changes Ÿ Tax Accounts Update Technical Scope: Ÿ SAP Techical NOTES implementation Ÿ BUPLA DDIC Ÿ BUPLA Screen modification Ÿ Customer Master DDIC Ÿ Customer Master Screen modification Ÿ Manual Activities for BP changes Ÿ DDIC Ÿ DDIC For Subcontracting Process Ÿ Section Code Implement Ÿ BADI implementation Functional Scope Ÿ Configuration TCS Notes Ÿ Creation of SD access sequence for TCS condition types Ÿ Modification of pricing procedure with TCS condition types Ÿ Modification of account determination Ÿ Creation of new Tax condition types for TSC Ÿ Modification of TAX procedure with TCS condition types Ÿ Section code updation Ÿ BTE Configuration Exclusion Ÿ Modification of smart forms Ÿ Modification of existing reports Ÿ New Developments Ÿ Standard SAP Notes which are & will be released by SAP till 30.09.2020. Project cost INR 90000 Plan D1 D2 D3 D4 D5 D6 D7 D8 D9 D10 Technical Notes Implementation Functtional Configuration Unit Testing in Test Environment Integration Testing in Quality GO LIVE & Support SAVIC TCS High Level Deployment Project Plan Project Duration 10 Days Ninety Thousand Only
Transcript of SAP S/4HANA and ECC · Ÿ Tax Accounts Update +91 80 80 80 68 51 [email protected] Digital...
High Level Scope Ÿ TCS- SAP Notes ImplementaitonŸ Master Data changesŸ Pricing and Tax procedure changesŸ Tax Accounts Update
+91 80 80 80 68 51
www.savictech.com
Digital Transformation on New Tax TCS
SAP S/4HANA and ECC
Complying with new TCS Tax rules on Goods Sold effective from 1-October-2020
Govt of India has been strengthening its tax collection capabilities by implementing measures to collect tax at source.TDS or Tax Deduction at Source provisions of income tax cover payments such as rent, commission, professional fees, salary, interest etc. Persons making such payments deducts income tax and makes net payment.
New TCS provisions make the seller of any goods liable to collect TCS from the buyer.While TDS establishes tax trail on recipient’s income(primarily services), TCS aims at tax trail/recovery on buyer’s spend(on goods).
The Provisions related to collection of TCS on sale of goods exceeding Rs. 50 lakhs has been introduced in Finance Act, 2020 and is all set to be made applicable w.e.f. 01.10.2020.
High Level Scope Ÿ TCS- SAP Notes ImplementaitonŸ Master Data changesŸ Pricing and Tax procedure changesŸ Tax Accounts Update
Technical Scope: Ÿ SAP Techical NOTES implementation Ÿ BUPLA DDIC
Ÿ BUPLA Screen modificationŸ Customer Master DDICŸ Customer Master Screen modificationŸ Manual Activities for BP changesŸ DDICŸ DDIC For Subcontracting ProcessŸ Section Code ImplementŸ BADI implementation
Functional Scope Ÿ Configuration TCS NotesŸ Creation of SD access sequence for TCS
condition typesŸ Modification of pricing procedure with TCS
condition typesŸ Modification of account determinationŸ Creation of new Tax condition types for TSCŸ Modification of TAX procedure with TCS
condition typesŸ Section code updationŸ BTE Configuration
Exclusion Ÿ Modification of smart formsŸ Modification of existing reportsŸ New DevelopmentsŸ Standard SAP Notes which are & will be
released by SAP till 30.09.2020.
Project cost
INR 90000
Plan D1 D2 D3 D4 D5 D6 D7 D8 D9 D10
Technical Notes Implementation
Functtional Configuration
Unit Testing in Test Environment
Integration Testing in Quality
GO LIVE & Support
SAVIC TCS High Level Deployment Project Plan
Project Duration
10 Days
Ninety Thousand Only
