Smart Manage Export & Imports Process in SAP

In OptiExim by Rohit R Nair

Most of the industries use SAP as their ERP in maintaining the data and information related to Sales and Purchase to the company’s resource management, Finance and inventory. But there is a GAP in the system when it comes to tracking, monitoring and maintaining Exports and Imports based on Indian Scenario. SAP’s global presence and the continuous and frequent changes ...
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Marketing Activity Management made easier for Brand Owners

In Marketing Activity Management System by Jose Thomas

Marketing activities are often managed by a large team with many segmentations. In large organisations, it’s based on product category or brands, in some service organisations, the division is basis activities, and few organisations have a fluid-structure. The interchanging of responsibilities and projects are another reality. With the dynamic opportunities in the marketing eco-system, people movements are another norm. The ...
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E-Invoicing The early-bird advantage

In E Invoicing by Manoj P

Unlike the introduction of GST & GST Returns in 2017, or E-Way Bill in 2018, E-invoice promises to be a different ball-game to individual businesses. In simple terms, non-compliance to E-invoice could impact a crucial aspect of business – timely delivery. Would you want to be an early-bird catching the opportunity or prefer to complain about the challenges and hope ...
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Upgrade and Migrate SAP to Cloud

In SAP Cloud Migration by Asokan S

Driving your entire business in real time by migration of SAP HANA on CloudToday’s business need to react much more quickly to changing customer and market environments that demands dynamic access to raw data in real time. SAP HANA in-memory computing platform enables customer businesses dramatically accelerate analytics, business processes, data processing, and predictive capabilities. Innoval helps customers to migrate ...
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Changes on Export Invoices due to E-Invoicing

In E Invoicing by Vivek C V

IntroductionThe Invoicing system in GST is defined for major overhaul in the coming financial year. This includes E-invoicing, Quick-Response Code and facility of digital payments to recipients. E-Invoicing or electronic invoicing is a process of validating invoices electronically through GST Network (GSTN) for further use on common GST portal. This is also has a direct implication on Availment of ITC, ...
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Total Taxation Solution integration – GST, E Way Bill, e-invoice(Part-3)

In E Invoicing by Manoj P

Since there is a need for GST Returns / reconciliation solution even beyond the e-invoice rollout, integration of applications would be even more important.

Are there any outward supplies done without e-invoice? If the supply comes under the revised provisions of Rule 48 (Manner of issuing invoice) under the CGST Rules, Part A (Chapter VI), such an invoice is invalid. From an audit perspective, reports linking all relevant invoices with a valid e-invoice would be important.

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Budget 2020 Impact on SAP Process & Systems

In SAP Process and Systems by Vivek C V

The Union Budget of India, also referred to as the Annual Financial Statement in the Article 112of the Constitution of India, is the annual budget of the Republic of India. The Government presents it on the first day of February so that it could be materialised before the beginning of new financial year in April.

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Total Taxation Solution integration – GST- E Way Bill-E-invoice (Part-2)

In E Invoicing by Manoj P

Voluntary e-invoicing : There are taxpayers for whom e-invoicing is voluntary as of April 2020 (based on annual turnover thresholds). We could therefore still have vendor invoices without any e-invoicesto auto-populate the GSTN data. In other words, vendor GST reconciliation would still be relevant for organizations having such vendors in the Accounts Payable cycle.

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Total Taxation Solution integration – GST- E Way Bill-E-invoice

In E Invoicing by Manoj P

What is happening in India under Indirect Taxation? We have been hearing that e-invoicing is being rolled out…It was a cold day in December, just a month ago. If I call it a cold day in India, it must have been a chilling day in Germany. Yet, there was the familiar warmth and cheerfulness in the voice that I heard ...
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