Udyog Software announces success of filing 4 million invoices for FMCG client

Udyog Software Ltd of Adaequare Group and a provider for end-to-end Goods and Services Tax (GST) compliance software in India has announced successful filing of 4 million invoices for a large Gurugram-based FMCG company having operations across 33 states and UTs in India.

Pavan Peechara, CEO of Adaequare Group and Director of Udyog Software Limited, said on the first GSTR1 submission which was due on 10th September, 2017, “Challenges are there and it wasn’t unexpected. The county is going through a major migration and it would need at the least six months for us to sleep well. I am glad that all associates at Udyog Software and Adaequare are addressing these challenges and delivering to clients, which include leading FMCG, Indian financial conglomerate, MNC bank and an insurance major. Good news is that we/our clients are successfully generating JSONs (JavaScript Object Notation) and uploading. GSPs not being available are adding to the challenge.”

According to the company, Udyog Software created an accurate GSTR1 returns for the company which involved processing, transformation, and validation of the company’s 4 million invoices by using its innovative platform enComply. Udyog Software used its another platform Taxilla to segregate and tag records for submission of GSTR-1 and execute tests on each record to ensure compliance before uploading into the Goods and Services Tax Network (GSTN).

Udyog Software could complete the filing of GSTR1 ahead of the earlier 10th September, 2017 deadline, despite the infrastructure challenges like OTP to encrypt to post data at times was coming after 4 hours, making software posting unviable and certain errors that popped up with Jsons (JavaScript Object Notation) generated by ASPs are due to inconsistencies in the schema published vs. the schema accepted by GSTN. Also, GSPs had very little role to play in this drive-1 when not many were even ready.