Optimize Your Input Tax Credit Distribution with Cygnet.One
Cygnet provides a scalable, automated solution for managing ISD compliance, vendor communication, real-time reconciliation and distribution, ensuring seamless ITC distribution across location
Where we step in
- 01 Automating the reconciliation between invoicing done on regular and ISD registrations.
- 02 Running intimation to vendors (and payment block) for incorrect reporting on auto-pilot.
- 03 Deploying a scalable solution to compute and generate distribution invoices for eligible as well as ineligible credits:
How would we do it?
Distribution of ITC will be done either to all, few or one location based on the consumption of service on the basis of turnover
Eligibility or ineligibility of invoices would be determined from purchase invoices.
Invoice numbers would be auto-assigned to the distribution invoices.
