Empower smarter ITC Distribution for Multi-State Businesses
The revised GST regulations make accurate Input Tax Credit (ITC) distribution non-negotiable for businesses with multi-state operations. Our ISD framework transforms the process, ensuring precise allocation, real-time compliance, and operational efficiency. By automating repetitive tasks and integrating intelligent insights, enterprises can focus on strategic growth instead of grappling with GST complexities.
We understand the Challenges
Manual Errors: Complex documentation and manual tracking lead to distribution inefficiencies.
Eligibility Issues: Identifying and separating eligible and ineligible ITC across branches.
Regulatory Compliance: Managing frequent GST updates and distributing ITC as per mandated turnover ratios.
Data Reconciliation Bottlenecks: Difficulties in aligning invoices between regular and ISD registrations.
Inconsistent Reporting: Handling incorrect vendor reporting and delayed distribution adjustments.
The Smart Solution
Turnover-Based Distribution : Automate ITC apportionment across branches in line with GST turnover requirements.
End-to-End Invoice Management : Validate invoice data, flag discrepancies, and handle inter-company documentation seamlessly.
Adaptive Compliance : Stay ahead of GST amendments with dynamic eligibility checks and automated corrections.
Real-Time Reconciliation : Automated comparison between regular and ISD invoice registrations.
Error Mitigation : Notification system to handle vendor misreporting and prevent payment delays.
How it Works?
ERPs & Other System
- SAP
- Oracle
- Tally
- MS Dynamics
- GSP
- Other Sources
Includes transactions with flag
SFTP Integration
Distribution Ratio / Turnover Ratio
Cygnet BOT picks up the files send it to AutomationWhiz
Bot_Output
AutomationWhiz Platform
Folder with RAW Data & Rule file for Distribution
Performs validation & distribution logic
Based on rule bot will distribute the invoice transactions
BOT will upload the GSTR 6 data on cygnet Application for filing
This output to be pushed to Cygnet platform to generate inter-company invoices. As well as ready to file format for GSTN
Bot_Output 1
Bot_Output 1
GSP
GSP
