Case Study: an oil and gas giant achieves efficient indirect tax reconciliation with Cygnet TaxTech

Achieved efficient indirect tax reconciliation for an oil and gas giant

Cygnet TaxTech helped an oil and gas giant in India that operates across exploration, production, and retail services address GST reconciliation and compliance challenges. The company struggled to determine applicable CGST, SGST, and IGST on imports and exports, handle point-of-supply mapping and exemptions, deal with duplicated invoices, and manage missing mandatory GSTN-format data.

Cygnet TaxTech implemented a tailored GST-compliant SAP-integrated solution with portal, mobile app, API, and on-premises access to speed invoice processing and improve data handling. The solution simplified GSTR-2A and purchase register reconciliation, strengthened secure validation for imports and filings, and added dashboards for filing visibility, reducing manual intervention by 80% while improving data security and communication.