India is a fast growing nation with GDP crossing $3.2 Trillion in which the MSME\u2019s plays a very crucial role. Since 2021 the minimum annual turnover limit for defining MSMEs has been reduced to 1cr because of which a hefty amount of industries started looking for automating the process of uploading the E-Invoices through their ERP software’s to the GST filing mediator\u2019s portal.<\/p>\n
This is where we a<\/span> SAP <\/span>software solution provider steps up <\/span>with a product for GST <\/span>Compliance called as GST Connector Suit<\/span>, here SAP is used as a tool to push all your <\/span>P<\/span>urchasing<\/span> and S<\/span>ales <\/span>D<\/span>ata<\/span> (that is your E-Invoices) to the third party GST filing<\/span> software. Industries <\/span>as a<\/span> SAP <\/span>e<\/span>nd user can save their <\/span>lots<\/span> of time<\/span>,<\/span> all they have to do<\/span> is execute a programme and it will<\/span> pull up all their invoices in a<\/span>n<\/span> extractor and <\/span>then it can be pushed onto the Government Portal with few clicks after validating it on the 3<\/span><\/span>rd<\/span><\/span> party GST filing software.<\/span><\/span>\u00a0<\/span><\/p>\n GST Compliance <\/span>–<\/span><\/span><\/strong> Any<\/span> industry using SAP as its ERP software wants to save time and automate the process of uploading invoices for GST filing, and that’s where our product comes in. It enables you to draw up all the data into the extractor programme for several modules at once and move it forward.<\/span><\/span>\u00a0<\/span><\/p>\n Before uploading the invoices to a third party portal, the user can also use this feature to check for errors. In addition to GST compliance, we frequently use other solutions like E-waybills and payment blocks.<\/span><\/span>\u00a0<\/span><\/p>\n E-waybill<\/span> \u2013 <\/span><\/span><\/strong>Due to the updated government regulations, MSME’s are adopting SAP as a tool to generate their E-waybill, which saves them a tonne of time and effort and is required whenever there is a movement of products worth more than Rs. 50,000 to or from a registered person.<\/span><\/span>\u00a0<\/span><\/p>\n Payment Block<\/span><\/span> \u2013<\/span><\/span><\/strong> For the buy and sales transactions for which the industries must file GST returns, it has been a pain point for the industries that frequently their vendors postpone doing so. As a result, the industries have had to wait until the vendors’ transactional data appears on the government platform. Since these vendors frequently take a while to transmit their financial transaction data to the government site, we provide a <\/span>solution called Payment Block<\/span> Indicator<\/span> which automatically blocks the vendor for making any kind of payment hence making<\/span> it easi<\/span>er for users to comply with GST norms.<\/span><\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" India is a fast growing nation with GDP crossing $3.2 Trillion in which the MSME\u2019s plays a very crucial role. Since 2021 the minimum annual turnover limit for defining MSMEs has been reduced to 1cr because of which a hefty amount of industries started looking for automating the process of uploading the E-Invoices through their […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[14],"class_list":["post-730","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-sap-digi-gst"],"acf":[],"yoast_head":"\nBenefit of our Product<\/span>s<\/span><\/span>\u00a0<\/span><\/h2>\n