GST – the Game Changer; BA – the Change Enabler

by | Jul 11, 2017 | Business Analysis

 As we all aware, GST in India is set to revolutionize the way we do our taxes.

How the Business Analysis skills will help to enable this change in an enterprise?

Let us analyze from a Business Analysis point of view.

Since the change is mandated by the regulatory authority and also has an impact in the existing accounting system/processes, there is a need for proper impact analysis before implementing the necessary changes into the system.

The work of a Business Analyst begins much before the project initiation by way of doing proper Gap Analysis and understanding the current state in an enterprise. There is also a need of matching the data between the parties involved in these transactions to get input tax credit.

The GST solution necessitates the need of proper Interface Analysis due to various systems involved in building a robust solution. The solution should have both necessary functional and non-functional requirements to cater the need of any enterprise.

Few of the essential functional and non-functional components for a solution are

  • Verification of necessary tax codes and applicable tax rates

  • Validating the mandatory fields necessary for filing the return as per the format provided by the regulatory authority

  • Handling the volume of transactions and doing quick reconciliation

  • Securing the data through proper encryption methods

Apart from the above, there is an additional requirement of data archival until certain period of time.

GST implementation opens the door for performing the Business Analysis tasks from Agile/Business Intelligence/Information Technology/ Business Architecture/ Business Process Management perspectives.

A Business Analyst working in this regime should possess good domain knowledge of Indirect Taxes/Awareness in technology apart from necessary Business Analysis competencies to implement the change or being a Change Enabler.

—Learn the Art of Enabling the Change…Login into for our BA courses.

—Organizations interested to avail our GST ASP solution can get in touch with us for Demo

Vittal G Panduranga, PMP,CTFL
A PMP®, CBAP®, PMI-PBA® and ISTQB CTFL Certified Professional with over 13 years of experience in the BFSI Sector and having worked in leading organizations. Read More.

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