Gunjan Prabhakaran, partner and leader for indirect taxes at BDO India LLP, told BloombergQuint that the key challenge faced by small and mid-size companies is lack of a robust IT infrastructure and well-defined processes.

Given the paucity of time and financial constraints, business can first do integration into the existing ERP or application to avoid business disruption and then choose a new ERP best suited to their business needs, she said.

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