Getting Started with GST
Businesses often face difficulties in setting up their businesses to comply with GST requirements largerly due to businesses do not have a systematic way to deploy their intended efforts. This section provides AYA’s recommended GST implementation framework to guide businesses in developing their GST system.
Implementation Phases and Timeline
Alan Yoon Associates (AYA) recommends businesses to undergo four phases in implementing GST; while specially emphasizing the importance of allowing a trial period (Phase 3) to bolster any coding mistakes or unforeseen problems during implementation. Our recommended phases are illustrated below:
The Journey of GST
The Journey of GST is the practical side of GST. It includes most, if not all of the actions to be taken by businesses in implementations, compliance and optimization of GST. This chart can also serve as a checklist for businesses to assess their current GST readiness.