Parekh Group maximizes ITC and streamlines reconciliation process with IRISGST.
Parag Parekh,General Manager Accounts & Finance, Parekh Group says that “Choosing a solution that does both GST’s regular monthly Compliance and E-invoicing wasn’t easy for us. We needed a hassle-free and quick solution and glad we selected IRIS GST.
It’s been 4 years and the team has been offering prompt support for all our requirements. The ease of operating the software and easily connecting to our ERP solution is the key strength of IRIS. The changes that are coming for GST compliances & filings, can be easily incorporated without changing the framework of our ERP system. IRIS GST helped us address the issue on a real time bases. Thus, the quality of our GST filing improved and we managed to meet our GST compliance on time. Apart from this, the team has been diligently helping us with GSTR 2A reconciliation with our purchase data to monitor our vendor compliance. With this, we are able to maximize our ITC and the process has been seamless.”
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IRIS has partnered with multiple ERP vendors for different industries, eBMS is one of them. EBMS being our partner, the data exported out of the ERP is already in a ready to use format for IRIS Sapphire.
- Totals for B2B and B2C separately
- Total of export transaction and SEZ transactions separately
- Total of all non-GST transactions
- Total of nil-rated and exempted transactions to be shown separately.
The calculation logic for these total liabilities is also very complicated. It has to be uploaded for each and every GSTIN separately on GSTN.
However, IRIS Sapphire gave a wonderful solution to this problem. The support team not only calculates values from GSTR-1 but also from the purchase register that the Parekh Group team uploads on IRIS Sapphire and thus have a readymade GSTR-3B for the team to work on. IRIS has also provided an option to edit the auto-computed values. This entire calculation is available on GSTIN-level as well as PAN-level.
At IRIS GST we can upload GSTR-3B at PAN level.