About Client
An oil and gas giant with capabilities of exploration & production and other oil retail services. Also, they are one of the global investors controlling assets across oil, gas, metal, mining, and infrastructure services.
Business Challenges
- Struggled to determine:
- which tax (CGST/SGST/IGST) and how much tax were applicable on goods for import & export?
- tax based on Point of Supply (POS) mapping
- certain businesses that are exempted under GST law
- Faced issues of duplication of invoices
- Identified risks related to the unavailability of the mandatory data as per GSTN format
Our Solution
- Implemented a tailored GST compliant SAP-integrated solution
- Enabled multiple access via cygnet portal, mobile app, enriched and pass-through APIs and on-premises module
- Enabled faster processing and distribution of invoices
- Simplified accurate reconciliation of GSTR-2A and purchase register
- Facilitated secured validation process while importing data & filing
- Created dashboards for better insights on pending returns, current month filing progress & more