Be Prepared For the New E-Invoicing Requirement With Cygnet GSP

One-Stop Solution for All your GST Compliances

INTRODUCTION TO NEW E-INVOICE SYSTEM

E-invoicing is a system wherein B2B invoices are registered electronically by IRP for further use on the common GST portal. The Govt. is rolling out the e-invoicing system based on companies’ turnover:

  • Companies with turnover above 500 crores – voluntary from 1st Jan 2020 and compulsory from 1st April 2020
  •  Companies with turnover between 100 crores and 500 crores – voluntary from 1st Feb 2020 and compulsory from 1st April 2020
  • Companies with turnover below 100 crores – voluntary from 1st April 2020

CYGNET E-INVOICING APPLICATION

Data Preparation

The application extracts the invoice data from your ERP or source system through automated integration & converts the data into JSON format as per the schema provided

Data Pushed on IRP

Cygnet E-invoice application pushes the payload to the IRP, receives the digitally signed invoice along with IRN and the QR code

Reverse Integration with Source System

Solution passes the digitally signed invoices, IRN & QR code back to your system through reverse integration mechanism

Data Upload

The application will accept the data in all formats whether csv, excel or JSON

Reconciliation

Offers reconciliation with your vendors invoices and the e-way bill system

Digital Signing of Invoices

Digitally Signs invoices in bulk with multiple signature types & sends the signed invoices to customers/vendors

HOW CYGNET GSP IS DIFFERENT?

Dashboard To View Signing Statistics​

SEPARATE CONNECTORS FOR SAP & OTHER ERP’s TO FETCH YOUR INVOICE DATA

NO NEED TO CHANGE THE SCHEMA AT YOUR END, OUR SYSTEM WORKS AS A TRANSLATOR

CYGNET APPLICATION HAS INBUILT VALIDATORS TO VALIDATE INVOICES AS PER GSTN PATTERN

GET READY FOR NEW E-INVOICING & STAY COMPLIANT