GST Solutions2019-10-01T05:12:23+00:00

GST invoices submission and filing Solutions

SMART GST COMPLIANCE

Modernize conventional taxation functionalities through automated strategies for GST Submission and Filing.

The implementation of the unified taxation platform GST has completely reformed the financial institutions of India. The altered functionalities induced by this change have made companies follow a standardised pattern for submission and filing of returns, management of accounts and creating an intelligent data platform to handle vast information.

Every business has an unhindered focus on growth and to trigger enhanced productivity, it is imperative that an error free financial institute that promotes seamless adherence to taxation liabilities and responsibilities is implemented.

At Vestrics we offer an automated GST Submission and Filing platform through ASP – GSP Integration to streamline and automate GST compliance for zeroing errors and delays.

An innovative model founded on smart data communication

ASP (Application Service Provider) à Source System

GSP (GST Suvidha Provider) à Interface

GST System à Target System (GSTN portal)

A Modular Taxation tool Implementation

Enabling a direct and inter-linked data communication between the GST process entities 

  • At the customer end, an ECC/S4 HANA System is dedicated for data extraction and information management.

  • All the essentials are to be directed to the Government structured GSTIN Portal that handles returns, filings and submissions.

  • ASP – GSP Integration promotes a bi-directional seamless interaction between all these components for an accurate, fast and efficient tax compliance platform that prevents unnecessary delays and errors while facilitatingon-the-go management.

Optimise tax compliance and reporting through intelligent learning

  • Seamlessly extracting data from multiple heterogeneous data sources

  • Preventing Invoice reconciliation errors due to mismatch in invoice numbers

  • Avoid delays in filing monthly returns

  • Managing multi-location multi-business tax return

  • Managing ITC claims along with tracking active and inactive vendor GSTIN

Staying put to traditional taxation strategies not only risks penalty but could cause a major disruption to progress and productivity of a business.

It could lead a business to –

  • Missing ITC claims and filing incorrect information

  • Could harm brand credibility

  • Poses a risk of Government Penalties

Vestrics Solutions ASP-GSP features

Simplify your approach to GST regulations
Integration of massive data volumes for seamless communication

Validations

Reconciliations

Audit logs

Email and SMS notification

Sales and Purchase summary report

ITC distribution report

Monthly tax summary report

Returns reconciliation

GSTR summary and GSTR

A single tax technology solution for myriad business types

Vestrics Solutions ASP-GSP modules – entities 

  • Document generation utility

  • PDF signing

  • Vendor invoice reconciliation

  • GSTIN validation

  • Supports all GSTR forms and filing

  • Annual Returns Preparation

Automated data-based platform for successful GST compliance

Vestrics Solutions ASP-GSP partnership

Vestrics has forged a partnership with Cygnet, an authorized ASP-GSP provider for creating the much-needed disruption in business taxation compliance through integration of data and automated solutions.

We along with Cygnet have designed a custom solution to extract data from multiple heterogeneous systems and through automation of the entire process of data validation, reconciliation, return preparation and filing.

Centralised automated tax compliance management with In-memory computing