Tax compliance, native to the platform.
Stockrect handles tax calculation, invoice generation, and jurisdictional reporting as part of every sales and procurement action — not as a separate ceremony at month-end. Current implementation is optimized for Indian GST; other jurisdictions are on the roadmap.
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What Tax Compliance handles.
From individual invoice compliance to jurisdictional return preparation to multi-year audit trails — the module handles the full compliance lifecycle. All included in every tier.
How tax compliance runs.
These are the compliance operations that happen as your business runs — invoice generation, vendor reconciliation, and return preparation. All initiated by operational events, not by clerks logging into portals.
Sales Invoice Generation
A sales order confirmation triggers automatic tax calculation based on customer location, item HSN/SAC codes, and applicable tax rates. The invoice generates with proper structure — for Indian operations, this includes IRN generation via GSP integration and e-way bill creation for eligible dispatches. The invoice syncs to the audit trail with complete attribution.
Vendor Invoice Reconciliation
Vendor invoices received against POs are matched three-way (PO → GRN → Invoice). Tax amounts are validated against expected calculation. Discrepancies are flagged before payment. Input tax credit is captured for reconciliation with authority-provided data (currently: GSTR-2A/2B matching for Indian operations).
Tax Return Preparation
Return data extraction happens continuously. When filing time approaches, the platform provides return-ready data (currently: GSTR-1, GSTR-3B format for Indian operations). Variances between transaction data and return figures are highlighted for review before filing.
Who uses Tax Compliance.
Compliance operations run automatically, but different roles interact with the module for different purposes.
How Tax Compliance connects.
Compliance isn't a standalone module — it's triggered by operational events across the platform. Sales confirms → tax calculates. Dispatch confirms → transport documentation generates. Every filing period → returns prepare themselves.
Common questions about tax compliance.
Full Indian GST compliance today — including e-invoicing (IRN generation via GSP), e-way bills, GSTR-2A/2B reconciliation, and GSTR-1/3B return preparation. VAT for European and other jurisdictions is on our roadmap.
For Indian operations, we integrate directly with GST Suvidha Providers (GSPs) for IRN generation. Invoices generate with IRN and QR code as required by regulation.
Yes. Multi-item invoices with different tax rates, split calculations (CGST/SGST vs IGST for India), and reverse charge scenarios all handled automatically.
Platform updates for regulatory changes are part of the subscription — you don't need to manage compliance changes yourself.
Tax compliance without the ceremony.
A 30-minute discovery call showing how tax compliance runs on Stockrect. If it's a fit, we'll follow up with a tailored proposal.
Have questions first? Email hello@stockrect.com