Step Up Circles" Session on Smp. DRC Overview

parminder from Sasogic Solutions resumed the 'step up circles' session, which aims to share weekly knowledge with the audience and promote community engagement. He welcomed new participants and informed them about various connection channels. parminder then introduced the topic of the session, an overview of the Smp. Drc and its applicability for India solutions, invoice and Eva Bill aspects, encouraging participants to submit their questions via chat for a focused discussion. He also announced a future Q&A session and offered free one-to-one counseling sessions. parminder ensured that the session would be engaging and beneficial to all attendees, regardless of their prior knowledge or experience.

Drc, Invoice, and Eva Bill Compliance

parminder discussed the concept of Drc, Invoice, and Eva Bill, particularly their application in India and other countries. She explained that Drc, or Document Reporting Compliance, is a tool used to ensure government compliance during business operations. parminder emphasized that in India, an invoice is created for customers, and the government tracks these invoices to ensure compliance with legal rules and taxes. She also mentioned that the government has started creating a portal for document compliance. However, she clarified that she would not go into detail about configurations in this particular session.

Automating Government Processes With ERP

parminder discussed the automation of government processes through the use of different ERP products and the introduction of APIs and test systems for invoice generation and transmission. She highlighted the role of SAP's Document Reporting and Compliance (DRC) tool in integrating with various government portals and ensuring compliance. parminder also clarified the differences between DRC and the Global Trade Solution (GTS), and emphasized the importance of customizations and developments for full compliance. Questions were addressed through a chat feature due to the virtual format of the meeting.

Understanding Invoices and E-Invoicing Compliance

parminder led a discussion on the importance of understanding invoices and their compliance with different industries. She emphasized the need for basic business knowledge and the ability to consult on invoices and their requirements for various cases. parminder further discussed the concept of E-invoicing, requiring the creation of digital invoices that meet government compliance requirements in India. She encouraged participants to focus on the session and use the chat feature to maintain their focus. She also offered to provide additional training on GST (Goods and Services Tax) application.

New Government Compliance Measures for Businesses

parminder discussed the new government compliance measures for businesses focusing on invoice generation and validation. She explained that all invoices must be given to the government alongside the invoice reference number and a QR code, which will help track sales and ensure compliance with Goods and Services Tax (GST) requirements. The rule initially applied to businesses with a turnover of more than 500 CR, then 100 CR, and currently stands at 5 CR for businesses with a financial year turnover exceeding this amount. Parminder also addressed queries about the timing of invoice generation, the need to generate invoices for businesses with revenue exceeding 5 CR, and clarified the mandatory requirement for generating voice documents, stating it would only be necessary from the next financial year. The discussion also highlighted the benefits of invoice generation, including easier GST filing, real-time tracking for the government, better automation of the tax filing process, and a reduction in fraudulent activities.

GST Invoice Processes and System Integration

parminder discussed the requirements and processes for generating invoices for GST-registered individuals, companies, and groups. She explained that invoices are necessary for supplies over 5 GST and for exports without payment of tax, and that there is a two-way communication between the system and government portals for verification of correct invoice and tax information. parminder also presented the flow of the information system, focusing on the creation of an invoice document in the SAPs 400 system, and discussed the need to update the Part B. Evable. Lastly, she clarified that no license is required for Gsp, but a CPI platform access is necessary for B2B transactions, and outlined the basic information that should be included in the E Invoice.

Invoice Handling and Portal Management

Parminder discussed the invoice handling process in their system, explaining that once an invoice is generated, it cannot be cancelled if more than 24 hours have passed, but can be cancelled and reposted within that timeframe. He also mentioned the creation of a custom table to control which invoice goes into the portal and the necessity of processing invoices from the EDO cockpit within 30 days. Additionally, parminder outlined the submission process for a document, which, if approved, would be posted on the Gsp portal, and the subsequent steps involved in creating the billing or invoice document. He concluded by noting that a course was available on the Sd site to assist with this process.

Mastery and Excellence Courses and E-Invoicing

Parminder explained the details of their Mastery and Excellence courses, including the availability of advanced information and live sessions with an instructor. parminder also discussed the benefits of increasing visibility on LinkedIn and shared a LinkedIn post for attendees to comment on their learnings. Towards the end of the session, Parminder demonstrated how to generate E-invoices using a specific system, emphasizing the importance of understanding invoice creation and the necessary developments when implementing such solutions.

Invoice Process and SAP APO Concerns

Parminder led a discussion on various topics including the invoice process and its related queries. Abhiraj raised concerns about the limited scope of SAP APO and SEP IBP in India, prompting parminder to promise a more detailed answer after examining Abhiraj's profile. parminder also invited further questions, indicating more discussions on these topics in the future. Towards the end, an unusual error about the invoice generation process was discussed between parminder and Mahesh. parminder suggested investigating the control mechanisms to prevent such errors in the future, particularly in relation to the Edo cockpit's invoice visibility when accounting documents are not being posted.

URL Issues and Career Discussion

parminder addressed issues with the current URL and assured that they would be resolved within a few days. He also encouraged participants to go through LinkedIn posts and share their learning from the session. A discussion was held with Abhiraj about his experience and work in supply chain and operations management. parminder suggested that Abhiraj could benefit from the integrated business planning (IBP) module, which would enable him to apply for multiple companies. Towards the end, samjay shared his success of being selected for a sales tech role with a 120% hike, which parminder celebrated and encouraged others to share their achievements in the group.

Database Management and Salary Negotiation

Mahesh and parminder discussed Mahesh's responsibilities and the company plan, with a focus on database management and project training. parminder advised Mahesh against getting heavily involved in the Basis module training, suggesting instead that he focus on the necessary skills for his role. parminder also gave guidance to Supriya on how to negotiate a higher salary offer, recommending that she accept an offer with a 40% hike and then attempt to renegotiate with her current employer.

Transitioning to SAP Project Management

Ashwin, a project manager at a consulting firm, expressed his interest in transitioning his career to SAP project management. parminder advised Ashwin to take SAP Activate and SAP Job and Mastery courses to gain in-depth knowledge on SAP implementation projects. parminder also recommended the SAP for Functional Consultants course to provide an overview of all SAP modules. Additionally, parminder advised Ashwin to consider moving to Canada, where SAP is in high demand. The conversation ended with parminder informing Ashwin about the next steps for their SAP projects and instructing him to decide between becoming a functional consultant or a project manager. Aman was assigned to share a link for enrollment in three SAP courses.