Sap solutions and services, Software company

Techwave Consulting Inc, a leading global IT services and solutions company revolutionizing digital transformations, announced that the launching of "TAX-IN Solution" as an extension of its SAP Solutions and Services for the Indian market.Starting October 01, 2020, electronic invoicing will be mandatory for B2B taxpayers with a turnover of over 500 crores.Techwave released its India Specific Tax solution which will ease the customer integration with the e-invoice (IRP), eWay bill and GSTIN Portal for all validations and updates in real time. The integrated cockpit approach allows customer to manage their taxation needs using a single SAP transaction.Introduction of new e-Invoice process from GOI has following impact on the processes:Real-time reporting of transactions for the purpose of authentication even to run day to day businessSame transaction data to be readily available for the purposes of Compliance and E-way BillIntegration with IT systems along with write-back becomes criticalRecord availability of the transactions and changes made to themChanges to invoices can be done only within 24 hours; After that CN/DN is requiredNeed for validations before generating invoicesNeed for robust processes and controlsIntegration of input tax credit with e-InvoicingTechwave India Tax solution will ensure that business is ready for all the changes with limited impact on the existing process. The solution framework is highly configurable to allow customers to pick and choose the components they would like to implement, namely,eInvoice SolutioneWay BillGST Reconciliation and ValidationsCustomer/Data Sty Validation based on the GST RecordsTechwave's e-Invoice Solution designed for SAP provides a seamless and real-time experience with nil dependence on cloud infrastructure and additional hardware. The solution is easy to use, fully configurable, secure and scalable with a quick turnaround time.Techwave's team of 450 plus SAP consultants with more than 20 years of SAP know-how possess deep-rooted expertise across domains to address any issues with robust support.Join a special webinar on Sep 03 at 11:00 AM IST to know more about becoming e-Invoice compliant.This story is provided by BusinessWire India. will not be responsible in any way for the content of this article. (/BusinessWire India)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Business :Techwave launches Tax e-Invoice Solution for Indian businesses

Techwave Consulting Inc, a leading global IT services and solutions company revolutionizing digital transformations, announced that the launching of "TAX-IN Solution" as an extension of its SAP Solutions and Services for the Indian market. ...