Reliance Corporate IT Park Limited (RCITPL), a subsidiary of Mukesh Ambani-led Reliance Industries (RIL), has signed a Memorandum of Understanding (MoU) with SAP to introduce ‘SARAL GST,’ a solution for taxpayers under the GST regime.
The solution will enable taxpayers to be GST-compliant and smoothly access the government’s GST System once it is rolled out from July 1, 2017, said a company statement. It said SARAL GST will leverage the expertise of RCITPL as GST Suvidha Provider (GSP) and SAP as Application Service Provider (ASP).
“GST is not just a tax reform but is an unprecedented opportunity for companies to improve functional efficiencies and realize increased profitability. Besides helping businesses get compliant with the new law seamlessly, SARAL GST will also enable them to benefit from the GST vision,” said Neeraj Athalye, head, S/4HANA and GST Adoption Drive, SAP India .
As a GSP, RCITPL will connect ASPs to the government’s GST system through Jio MPLS network. SAP, in its role as ASP, will enable taxpayers to effectively create, manage and file GST Returns in a simple, safe and seamless environment, said the statement adding that this collaboration of the two industry leaders thus offers the full potential of GST and boosts the success of Digital India initiative.
“We see GST as the next avenue to enrich and enhance the nation’s Digital Life experience. SARAL GST represents the extension of the two-decade partnership between SAP and Reliance to help tax payers transform into a secure digital enterprise with end-to-end support,” said Rajkumar N. Pugalia, head, Reliance GST Initiatives.
