NEW DELHI : The new Goods and Services Tax (GST) returns from April 2020 that mandate providing more details may require companies to amend their enterprise resource planning (ERP) systems. Tax experts and chartered accountants (CAs) said that the new return systems would require a lot of details such as purchases from unregistered dealers. Instead of the GST returns being the current supplier-driven traffic, starting April next year, it would become a workflow driven mechanism, he added. This would also require changes in the ERP systems to ensure thgat every invoice is tracked by the tax authorities. Amit Bhagat, Partner, Dhruva Advisors said that depending on the details required in the new return system, the ERP would need to be changed.

Source: Mint October 20, 2019 10:41 UTC