Less formalised sectors are the weak link for GST: SAP India President & MD

He says companies are focused to be GST-compliant and get GST-ready

It is estimated that SAP-enabled enterprise resource planning systems and solutions will account for 40 per cent of all transactions under the new goods and services tax (GST) regime. Deb Deep Sengupta, president & managing director at SAP India, shares with Sudipto Dey, his perspective on corporate readiness for the new indirect tax. Edited excerpts:

How are companies going about adapting to the change in the indirect tax system?

Their first focus is to be GST-compliant and get GST-ready. Then, most companies – of all sizes – will take this opportunity to re-design their supply chain to improve their efficiencies,