India GST ASP GSP Solution

www.cygnet-infotech.com
Presented By : Ryan Shadow
WEBINAR ON
How To Overcome GST Compliance
Challenges in SAP ERP Through
SAP Solution Consulting
Speaker: Mr. Sainath Gorde,
Global SAP BD & Service Delivery Senior Consultant
8/10/2020
WE EMPOWER
OUR CLIENTS www.cygnet-infotech.com

USA
GERMANY
UK
SOUTH AFRICA
DUBAI
INDIA
AUSTRALIA
Founded in
2000
950+
Employees Worldwide
750+
Clients Worldwide
Serving in
35
Countries 2000+
Enterprise-class
solutions
& products delivered
11
Locations from
where we
engage with
global clients
OUR VALUES
Speed
Integrity
Entrepreneurial Spirit
Teamwork
Mutual Respect
Trusteeship
About Cygnet Infotech

What Drives Us? 02
Our Vision
To Passionately Empower Lives
Globally with Technology-Enabled
Business Solutions
Our Mission
To excite our clients and their
customers
by delivering beyond their
expectations
by walking the extra mile so that
they
achieve their business goals
‘IT is About You’ reflects in Cygnet’s approach to every customer engagement.
We have been delivering value and sustainability to ever changing business environment
with emerging
technology trends and business engagement models.’

Presented By : Ryan Shadow
CYGNET GSP- INDIA’S
LEADING GST SUVIDHA
PROVIDER
inquiry@cygnetinfotech.com +91-79-67124000 https://www.cygnetgsp.in/

About Cygnet GSP
• First GSP to go live in July 2017
• Serving over 500 top brands in different
industries
• Most comprehensive and automated solution for
GST compliance
• The preferred solution of large enterprises
• Popular amongst Tax Professionals and SME
segment
• Always in sync with the regular changes in GST
India’s Leading GST Suvidha
Provider

• As the government tries to
streamline the process,
periodic changes and report
requirements (GSTR1, GSTR2,
e-Way Bill, E-Invoicing and
Simplified return etc.) are
generated
• Extracting the accurate
data from the SAP system
and then integrating it to
the GSTN Portal (either
with/without the help of
GSP/ASP)
• Real-time validation of
data to avoid any data
error while GSTR filing and
E-way bill & E-invoice
generation
Challenges For
Adopting Digital
Compliances Into
System Landscape
• SAP is regularly delivering
various notes and patches
to support the technical
architecture
• SAP Versions and EHP
compatibility with SAP’s
standard offerings for
India Localization are
being released
• Organizations do not
necessarily have in-house
expertise to cope up with
the deployment and
management of changes
related to GST

Data & Process Related Challenges
• Elimination of Manual Process for GSTR
Data Validation and Duplicate Check
• Master Data Clean up and Validation
• Validation and Check on Single HSN with
different GST Rates
• Automatic identification of Inward supply
for applicability of Input Tax Credit or
Exclusion
• Real-time validation of GSTIN during
booking of Inward or Outward Supply to
drive business decision
• Automatic printing of E-way bill
Invoice no. on Outward supply
without any text field manual input
• Timely identification of missing STO
supply for which Input Tax Credit is
not taken
• Process challenges in booking
reimbursement transaction and
related input tax credit
• Automation of ISD Process based on
business place turn over

Connectivity Options From Various ASP GSP

How Can Cygnet GSP Help?
SAP ERP
SAP S/4 HANA
eDocument
ASP-SAP
Cloud
Platform
DCS India
E-Sign ASP
GSP-SAP
Cloud
Platform
Integrati
on (SCPI)
SAP Certified
GSP
NIC / Govt. Tax
Portal- GSTN
APPROACH VIA SAP
In SAP Approach:
• E-document set up and CPDS is mandatory
• Monitoring / periodic update from GSTN and AMS will be part of
Customer’s Responsibility

How Can Cygnet GSP Help? Cont…
APPROACH VIA CYGNET
SAP ERP
SAP S/4 HANA Cygnet ASP GSP Govt. Tax Portal-
GSTN
Custom Cygnet
Program
Through Cygnet ASP/GSP:
• No pre-requisites required
• Ready plug in programs for direct API & utility based FTP
interface
• Monitoring / periodic update from GSTN and AMS will be taken
care by Cygnet

Why We Created This Solution? 03
1) The Most Important part of GSTR / E-way bill / E-invoice compliance strategy is
Technology selection
2) Government portal cannot be the de facto option. It is important to understand that
government portal is a generic solution for taxpayers and is not designed to cater to
unique workflows of each organization.
3) It is important to choose an GSTR / E-way bill / E-invoice compliance product that
benefits the organizational needs and helps reduce work, increase efficiency and
accuracy.

Value Addition By CYGNET GSP
• Ready to use solution, enables faster deployment and compliance readiness
• Utilize comprehensive reports developed based on industry expertise
• Complete data correctness through built-in system checks
• Drastically reduces the cost of deployment
• Leverage additional SAP delivery capabilities and GST competencies

Value Addition By CYGNET GSP cont…
• No additional License product or support pack required
• No worries for GSTN updates/new compliances
• Internal teams can focus more on compliance and data validation activities
instead of investing substantial efforts in realization
• Drastically minimizes the pain of being GST compliant

Use Case : SAP Integrated Comprehensive Indirect Tax
Solution
Our client is one of the leading pharmaceutical
companies that solely focuses on manufacturing,
marketing of products across multiple markets and
therapeutic segments. Established in 1999, they
are the leader in intravenous nutrition products
and committed to the best partners, parties, and
healthcare professionals in the field of clinical
nutrition.
Current Business Challenges
• Integrate their existing SAP system with an
efficient GST Solution
• Wanted a scalable and secure fully automated
GST compliant solution to report data for SAP &
non SAP system
• The client wanted to connect its various
stakeholders who were spread across the
multiple parts of the country to combine the
entire data
Tools & Technology Used
• Data warehouse approach with
automation tool for data
extraction and tax
compliance tools.
Cygnet Solution
• Customized end-to-end automated
solution for integrating SAP to
GSTN.
• Pushes the data automatically in
GSTN format into the Cygnet
portal.

Q&AQ&AQ&A

The Cygnet Suite of Tax Technology Solutions
Award winning
integrated solution for
GST returns, E-way Bill
and E-invoicing
Automation of the entire
record to report process
from source system to
GSTN
Comprehensive FTA
accredited solution for
VAT designed for GCC
Countries
Comprehensive VAT
solution approved by
HMRC for UK
companies
Powerful solution to
reconcile customer and
vendor invoices for ITC
claims and link to
accounts payable
Solution to help
organisations in
preparing for GSTR-9C
audit report
Advanced credit
assessment solution for
Banks & NBFCs using
multiple data sources
An easy to use GST
compliant accounting
solution certified by
GSTN
Award winning
Blockchain based
signing solution with
electronic, digital &
biometric signatures
GRC Score helps to
assess company health
from GST Returns
trends perspective

www.cygnet-infotech.comwww.cygnet-infotech.com
Sales:
Ahmedabad HO
Cygnet Infotech Pvt. Ltd.
16-Swastik Society, Stadium
Circle,
Navrangpura, Ahmedabad
380009
+91-98250-76542/
+91-96870-87702
Mumbai
Kanakia Wall Street, Spaces
- 4123, Chakala, Andheri –
Kurla Road, Andheri (East)
Mumbai 400093+91-22-6281-6121 /
+91-98701-23179
Pune
C-1009, Teerth
Technospace, Mumbai -
Bangalore Highway, Baner,
Pune 411045
+91-97277-61717 /
+91-98798-94816
Bengaluru
Salarpuria Symbiosis,
Arekere, Bannerghatta Main
Road, Bengaluru 560076
+91-99862-16516
Hyderabad/Chennai
91-98367-11044
Delhi
91-98367-11044
Support:

THANK
YOU
FOR YOUR TIME

India GST ASP GSP Solution

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