GSTR Integration Solution
GST Compliance Management through SAP Business One with GSP Integration
Purpose
Clockwork’s GSTR Add-on enables one-click posting of GSTR-1 and GSTR-2 data directly from SAP Business One to the certified GSP portal (GST Suvidha Provider) for seamless GST return filing and vendor invoice reconciliation to ensure accurate GSTR-2A matching, enhancing compliance and reducing manual effort.
Business Challenges the GST E-invoice Integration Solution Addresses
Finance and tax teams face constant pressure to ensure accurate GST return filing while managing large volumes of outward and inward supply data. Manual data entry and reconciliation processes increase the risk of errors, ITC mismatches, and delayed filings. The other challenges are:
- Time-consuming manual upload of GST data on portal
- Frequent mismatches in GSTR-2A vs. purchase register
- Lack of integration between ERP and GSP platforms
- High compliance risk due to human error and missed deadlines
Solution that the GSTR Integration Solution offers
- Single-click posting of GSTR-1 and GSTR-2 data from SAP to GSP portal
- Real-time filing status.
- Comprehensive audit trail and error tracking
- No dependency on external tools or manual data consolidation.
Outcome / Business Benefits of GSTR Integration Solution
- Streamlined GST return filing with reduced turnaround time
- Improved Input Tax Credit accuracy through real-time GSTR-2A reconciliation reconciliation
- End-to-end GST visibility
- Higher productivity with elimination of manual
