https://www.taxtmi.com/article/detailed?id=7176 Businesses must form a cross functional GST readiness team, conduct a comprehensive GST impact analysis across transactions, departments and contracts, and prepare registrations and documentation for migration. Transitional credit management requires reconciliation of books and returns, physical stock alignment, collection of proper invoices, removal of ineligible credits and recovery of missed credits with robust audit trails. Concurrently, firms should evaluate structural and transactional restructuring, vendor readiness, training needs and ERP changes to ensure compliance and operational continuity. en-us Tue, 03 Jan 2017 09:45:05 +0530 Tue, 03 Jan 2017 09:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7176 Businesses must form a cross functional GST readiness team, conduct a comprehensive GST impact analysis across transactions, departments and contracts, and prepare registrations and documentation for migration. Transitional credit management requires reconciliation of books and returns, physical stock alignment, collection of proper invoices, removal of ineligible credits and recovery of missed credits with robust audit trails. Concurrently, firms should evaluate structural and transactional restructuring, vendor readiness, training needs and ERP changes to ensure compliance and operational continuity. Articles Goods and Services Tax - GST Tue, 03 Jan 2017 09:45:05 +0530 https://www.taxtmi.com/article/detailed?id=7176