Baan India incorporates budget changes in its software

BANGALORE: Within four weeks from the announcement of the union budget 2000, Baan India has completely incorporated and integrated the latest budgetary changes in its software and has shipped the revised version called the ‘Localisation Enhancement Package’ to all its customers in India.

D Bharath, CEO, Baan India, said, "The introduction of the unified cenvat scheme and special excise duty was a new challenge as it impacted all our customers in the way they conducted their business from April 01. Within three weeks we incorporated the RG23C register and made it available to all our customers through our support web site."

In an effort to simplify tax procedures, the finance minister Yashwant Sinha introduced the unified cenvat and the special excise duty regime, which meant that two new registers had to be created. So all Indian companies using ERP were now effectively faced with two main slabs of duty with many sub-slabs resulting in multiple registers.

Basically three important changes were incorporated in Baan’s localisation module: the uniified cenvat procedure, introduction of a modified duty payment procedure--once a fortnight, and new procedure to avail 50 per cent credit for capital goods and carryforward details for availing the balance in the next financial year.