Press release: Today EY, that deals in providing GST services announced its DigiGST solution that already serving more than a thousand companies will now be available on SAP Cloud Platform as well.
EY’s ASP-GSP solution, DigiGST on SAP cloud will provide tight integration with its ERP system to facilitate GST compliance. The introduction of e-invoicing, as approved by the GST Council, and the proposed new GST return system, due from April 2020, mandates an integrated approach towards compliances and necessitates a significant change in tax commercial and finance work processes.
EY’s DigiGST an intelligent and intuitive tax automation solution offers comprehensive GST compliance. It comes with data privacy feature with end-to-end data encryption along with over 200 intelligent validation capabilities, including duplication checks, GSTN and point of sale (POS) validations.
Organizations need to handle multiple requests real-time, while, ensuring reconciliations of both procurements and revenue reported on the GSTN portal with internal books. For a successful migration, Organizations need to re-evaluate the adequacy of their existing compliance processes, its stability and flexibility to adapt to such regular legislative and procedural changes. Failure in doing so can be disruptive for any organisation.
EY has brought its entire experience in dealing with the most complex operations of the user and its deep tax domain knowledge to develop a solution with SAP that will enable Organizations to meet these granular and accurate reporting requirements in a seamless and efficient manner.