Ever since E-invoicing was announced by the Govt. there have been a lot of discussions and confusion in the industry around how it will be implemented. Considering this, Cygnet Infotech decided to arrange a Seminar for all their customers and prospects. The seminar – Get Ready for E-invoicing was held on the 28th of January 2020 at the St Regis Hotel in Mumbai. Close to 200 representatives from amongst our customers and prospects attended the event.
Keval Hutheesing, AVP Cygnet Infotech, was the host for the seminar and we had some distinguished speakers – Mr. Niraj Hutheesing, MD Cygnet Infotech, Mr. Ritesh Kanodia, Partner Dhruva Advisors and Mr. Jigar Doshi, a renowned Chartered Accountant.
The first session was conducted by Mr. Niraj Hutheesing on e-Invoicing. Several points were discussed on E-invoicing and its challenges. Topics covered were what is e-invoicing, what are the challenges under new mechanisms and why govt. came up with E-invoicing. Along with this Mr. Niraj Hutheesing showcased our e-invoicing solution demo along with solution architect Rajesh Khunt and Lead Analyst Viral Vandre.
The session was followed by Mr. Ritesh Kanodia addressing the audience and speaking on GST Compliance and the Legal Challenges businesses face for being non- compliant. Adhering to GST compliances on time has become extremely critical for every business. Steps like blocking of the e-way bill, blocking of credits, and lot more steps have been taken by the government for being non-complaint. He said companies must take cognizance of these important legalities so that they are aware of the criticality of timely compliances.
The last session of the day was conducted by Mr. Jigar Doshi, who addressed the audience on major Compliance Challenges around e-invoicing that taxpayers will face and the necessary solutions around the same. He was very optimistic about how e-invoicing will become a part of routine activities in a year or two.
This was followed by a question and answer session wherein the audience posed their questions to the panel. Overall, this was a very interactive session and our guests seemed satisfied with the answers we provided to them. The panel of speakers was very forthcoming in giving answers and this event turned out to be very fruitful.
Cygnet GSP is already updated and ready with the new e-invoicing system. We have conducted multiple webinars on the same and there are still more in the pipeline. If you have any queries related to the e-Invoicing mechanism or how to go about it, you can get in touch with our team anytime. If you could not attend the Seminar and wish to know more in detail about it, then don’t worry.
Click here to watch the glimpses of the Event.