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Mumbai, NFAPost: Cygnet GSP has announced that it is LIVE with its e-Invoicing solution for businesses with turnover greater than 500 crores.

It has generated the first IRN & QR Code from the NIC Portal through their ASP system. In addition, the company has rolled out a new version of the GSP portal with a host of new features.

The e-Invoicing solution will help companies to generate IRN number and QR code from the IRP and to auto populate the E-Way Bill and minimize efforts in reconciliation. The solution will enable seamless processing of e-invoice with integration with the ERP systems.

Modules for user experience

Cygnet Managing Director Niraj Hutheesing said on the launch of the new product that it has been an exciting moment for this company in its journey.

“We are live with the E-invoice integration with our ASP solution and will now help our customers to test everything before it Goes Live on 1st Oct. I am also happy to share that our updated GSP portal will offer new features and modules that improve the user experience. As always, we are committed to updating our offerings as per the changes in the regulations and support our customers 24/7/365,” said Cygnet Managing Director Niraj Hutheesing.

Cygnet’s integrated e-Invoicing solution has numerous features that include automated upload of e-invoices using a single import format, QR code/IRN Printing, 400+ Data Validations, Sync with GSTN & NIC, 3-way Reconciliation between E-Way Bill, GST Returns and E-Invoicing, advanced reports such as provisional ITC report and 180-Day reversal rule and a GST Compliance Score.

Automated invoicing

The company claims that its fully automated E-Invoicing Solution significantly reduces the time and effort, assures compliance with robust security & support for the clients.

Cygnet Infotech is recognised and approved by the Goods and Services Network (GSTN) as a GST Suvidha Provider (GSP) since 2017. It offers an array of software solutions for businesses to stay compliant with the frequently changing GST regulations.

The company’s Tax Technology solutions comprise of E-invoicing, E-way Bill Generation, GST Returns filing, Audit Compliance, GST Returns compliance score and Vendor Portal to manage the procurement to payment process.

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