Cygnet Infotech Case Studies Achieved Efficient Indirect Tax Reconciliation

	Achieved Efficient Indirect Tax Reconciliation Cygnet Infotech

Achieved Efficient Indirect Tax Reconciliation

Cygnet Infotech

Technology Category	Other
Applicable Industries	Oil & Gas
Applicable Functions	Business Operation
Challenge	Challenges as follows: Struggled to determine: which tax (CGST/SGST/IGST) and how much tax was 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 Read More
About Customer	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 Read More
Customer Name	Not disclosed Read More
Solution	Cygnet Solutions: Implemented a tailored GST-compliant SAP-integrated solution Enabled multiple access via Cygnet portal, mobile app, enriched and pass through APIs and on-premise 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 Read More Log in to view content
Contents

Technology Category

Other

Applicable Industries

Oil & Gas

Applicable Functions

Business Operation

Challenge

Challenges as follows:

Struggled to determine: which tax (CGST/SGST/IGST) and how much tax was 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

About Customer

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

Customer Name

Not disclosed

Solution

Cygnet Solutions:

Implemented a tailored GST-compliant SAP-integrated solution
Enabled multiple access via Cygnet portal, mobile app, enriched and pass through APIs and on-premise 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

Impact #1	[Data Management - Data Security] Enhanced data security as per GSTN guidelines & global standards
Impact #2	[Efficiency Improvement - Customer Service] Strengthened relationship & built life-long business relations
Impact #3	[Data Management - Data Security] Secured data communication to monitor, track & rectify data

Impact #1

[Data Management - Data Security]

Enhanced data security as per GSTN guidelines & global standards

Impact #2

[Efficiency Improvement - Customer Service]

Strengthened relationship & built life-long business relations

Impact #3

[Data Management - Data Security]

Secured data communication to monitor, track & rectify data

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Overview

Achieved Efficient Indirect Tax Reconciliation

Operational Impact