Indian compliance.
Native, not bolted on.
GST e-invoice, GSTR-1 / 3B / 9 / 2B reconciliation, ITC ledger, RCM. Multi-stage costing for paper mills. FEMA + trade finance. Multi-company, multi-currency, multi-GSTIN. Real-time margin per customer × grade. Built for Indian paper manufacturing.
GSTR-1/3B/9
auto-filing
Multi-GSTIN
per company
FEMA
+ trade finance
Live
margin per SKU
Generic ERPs underdeliver here
Indian GST is not a configuration. It's a system.
Most global ERPs bolt GST on top — separate filing tool, IRN add-on, GSTR reconciliation as an after-thought. Result: five-day month-ends, frequent ITC mismatches, FEMA stress on every export.
Paper mills layer additional complexity — multi-stage costing, RCM on transport, fibre import via LC, multi-GSTIN across plants. The Finance module is engineered around these realities, not adapted to them.
Compliance overhead · 3-entity group
* 3-entity paper group, 5 GSTINs, post-6 month deployment baseline.
GST Stack
Four pillars. End-to-end GST.
From IRN at the point of invoice to annual GSTR-9 reconciliation — every step is engineered, integrated, and audit-ready.
NIC IRP integration
Generate IRN with QR code the moment an invoice is finalized. Auto-link to e-Way bill. Handle the 30-day amendment window cleanly via cancel-and-reissue.
Coverage
B2B · B2C · Export · SEZ · RCM · Credit Notes
Real return from real data
Register populates from e-invoices, B2C aggregates, exports, HSN summary, credit notes — all classified to the right table. Download JSON or file directly via API.
Coverage
Tables 4A · 4B · 5 · 6A · 6B · 7 · 8 · 9B · 12 · 13
Cash vs credit visibility
GSTR-3B summary builds from sales + purchase registers with ITC ledger applied. See cash payable vs credit available before filing. ITC reversal triggers tracked (180-day rule, blocked credits, common credit).
Coverage
3.1 outward · 4 ITC · 5 exempt · 5.1 interest · 6.1 payment
Annual + audit-ready
GSTR-9 annual return assembly with auto-reconciliation against monthly filings. GSTR-2B vs purchase register matching. Discrepancy reports ready for audit before filing window closes.
Coverage
GSTR-9 · GSTR-9C · GSTR-2B recon · ITC eligibility audit
Multi-Stage Costing
Cost the way a paper mill actually runs.
Four costing stages from pulp to finished reel. Standard vs actual tracked at each stage with variance posted automatically.
Stage 1 — Pulping
Furnish costs by virgin/recycled mix, chemical dosing, energy. Per-tonne pulp cost rolls up by recipe.
Captures
Raw fibre, NaOH, AKD, alum, retention aids, steam, kWh
Stage 2 — Stock prep & Paper
Stock-prep additives (sizing, retention, drainage aids), wet-end + dry-end energy, wire + felt wear allocation.
Captures
Stock additives, steam (drying), kWh (vacuum + drives), wire/felt amortization
Stage 3 — Finishing
Calendering, slitting, reel-wrapping, packing. Conversion cost per slit pattern, deckle waste valuation.
Captures
Calender energy, slitter wear, wrap material, labour, deckle trim
Stage 4 — Variances
Standard vs actual variance split by material, labour, utility, overhead, FX, yield. Variances post to GL automatically on WO close.
Captures
Material price/qty, labour rate/efficiency, utility, overhead absorption, yield
Sample Invoice
From SO to IRN to GSTR-1.
A real invoice flow — sales order → invoice → IRN → e-Way bill → GSTR-1 register entry. Zero re-keying.
Taxable value
₹14,28,400
CGST 9%
₹1,28,556
SGST 9%
₹1,28,556
Total invoice
₹16,85,512
IRN status
ACK 14:21
Document chain
Real-time margin
+18.4%
Cost rolled up from pulp batch BAT-9817, PM-2 shift A, conversion stage.
ITC implication
₹84,256
Buyer's eligible ITC. Will appear in their GSTR-2B for April.
FEMA flag
N/A
Domestic invoice. No FEMA tracking required.
Capability Catalog
100+ capabilities. Six categories.
Every screen built around Indian compliance reality — not patched in via configuration.
GST Compliance
22 capabilities
- · IRN generation via NIC IRP
- · QR code embed on PDF
- · E-Way bill auto-chain
- · GSTR-1 auto-population
- · GSTR-3B summary + ITC ledger
- · GSTR-2B recon against purchases
- · GSTR-9 annual return
- · GSTR-9C reconciliation
- · RCM journal auto-posting
- · ITC reversal triggers (180-day rule)
- · HSN summary export
- · Multi-GSTIN per legal entity
Costing & Variance
18 capabilities
- · Multi-stage paper mill costing
- · Per-grade × machine × shift breakdown
- · Standard vs actual variance
- · Material price + qty variance split
- · Labour rate + efficiency variance
- · Utility variance (kWh, steam, water)
- · Overhead absorption per machine-hour
- · FX gain/loss variance for imports
- · Yield variance per BOM
- · Landed cost for imported pulp
- · Cost rollup per customer order
- · Real-time margin per SKU
AP / AR
20 capabilities
- · AP three-way match (PO ↔ GRN ↔ Invoice)
- · TDS auto-deduct by section
- · MSME 45-day payment enforcement
- · AP aging 30/60/90/120+
- · AR invoice posting to GL
- · Multi-instrument receipt (NEFT/UPI/Cheque/LC)
- · PDC register with bounce handling
- · AR aging + dunning escalation
- · Interest debit-note auto-gen
- · Bad debt write-off workflow
- · Customer credit limit enforcement
- · Vendor blacklist + audit
FEMA & Trade Finance
16 capabilities
- · FEMA Master Directions compliance
- · Shipping bill linkage to invoice
- · ICEGATE EDI integration
- · eBRC reconciliation
- · SOFTEX / EDPMS tracking
- · LC management (issuance → realization)
- · Packing credit + post-shipment finance
- · Invoice discounting / SCF
- · ECGC export credit insurance
- · Forex revaluation + FX gain/loss
- · Multi-currency journal entries
- · FTA / RoDTEP claim files
Multi-Entity
14 capabilities
- · Multi-company legal entities
- · Multi-GSTIN per company per state
- · Multi-currency with FX revaluation
- · Inter-company transactions + elimination
- · Consolidated group reporting
- · Per-entity COA with mapping
- · Cross-entity payment routing
- · Statutory entity separation in audit
Period & Audit
12 capabilities
- · Soft-close + hard-close periods
- · Period close checklist enforcement
- · Re-open authorization audit
- · Journal entry DRAFT → POSTED + reversal
- · Accrual reversal workflow
- · Trial balance drill-down
- · Full audit trail per posting
- · Read-only mode on locked budgets
Use Cases
Real finance team scenarios.
Four moments where the Finance module pays for itself.
Case 01
GST month-end close, no panic
Scenario
CFO of a 3-entity group used to spend 5 working days every month-end reconciling GSTR-1, matching GSTR-2B against purchases, and chasing IRN failures.
Module Response
GSTR-1 populates live from IRN-generated invoices. GSTR-2B recon shows mismatches the day they appear, not at filing. ITC ledger live across all 3 GSTINs. CFO reviews exceptions for 2 hours, files for all entities by 5pm of day 1.
close days
5 → 0.5
mismatches found
Live
filings
3 GSTINs
Case 02
Margin per customer × grade, daily
Scenario
Sales head wants to know real margin by customer × grade. Finance team produces it quarterly — too late to act when a customer is unprofitable.
Module Response
Multi-stage costing rolls up live. Each invoice tags actual cost (pulp batch, machine hours, energy, conversion). Margin per line visible the same day. Sales head spots customer ABC at -1.2% margin on KR-80, renegotiates within the week.
granularity
Customer × Grade
lag
Same day
margin recovered
+2.4%
Case 03
Export shipment: from PO to eBRC
Scenario
Export order to Bangladesh customer. Sales raises invoice, dispatch generates shipping bill, bank realizes proceeds 35 days later. Finance traditionally reconciles eBRC weeks after.
Module Response
Sales order → invoice → shipping bill linked end-to-end. ICEGATE EDI confirms. Bank realization auto-matches against shipping bill, generates eBRC entry. FEMA monitor flags any export approaching realization deadline. No manual stitching, no FEMA breach.
reconciliation
Auto
deadline alerts
Live
FEMA breaches
0
Case 04
Three-way match catches ₹4.7L overcharge
Scenario
Pulp supplier raises AP invoice for ₹84.3L. PO was ₹79.6L. GRN was 102 t against 100 t ordered, but supplier billed pre-agreed rate +6% (post-contract revision they hadn't intimated).
Module Response
Three-way match flags ₹4.7L variance. Payment blocked. AP exec sends auto-drafted dispute mail with PO, GRN and invoice attached. Supplier acknowledges error, issues credit note. Payment released against net amount.
variance caught
₹4.7L
time to resolve
2 days
payment block
Auto
Performance Comparison
Legacy ERP vs Papyrus Finance.
Before/after on a 3-entity paper group, 6 months post-go-live.
Implementation
Live in one fiscal month.
Sequenced so the next GSTR-1 cycle runs on the module. Parallel run with legacy for one cycle, then cutover.
COA + entities + GSTIN
- Multi-company structure
- COA migration with mapping
- GSTIN registration per state
- Opening balances + reconciliation
Tax + compliance setup
- IRN integration with NIC IRP
- TDS section configuration
- RCM rule library
- E-Way bill credentials
Costing + AP/AR config
- Multi-stage costing per machine
- Three-way match tolerances
- MSME suppliers flagged
- AR aging buckets + dunning
Go-live + parallel run
- Live invoice + IRN flow
- GSTR-1 register live
- AP three-way match enforced
- Parallel run vs legacy for 1 cycle
Full cutover
- Legacy system frozen
- GSTR-3B filed via module
- Variance reports tuned
- Audit trail validated
Every Capability
Drill into any feature.
Click any capability to drill in.
Integrations
Works with everything else.
Every Finance action flows into the other modules — no manual data re-entry, no reconciliation pain.
Finance→Sales
Invoice → AR posting
Auto-GL receivable + revenue
Finance→Procurement
AP invoice → match
3-way match before payment
Finance→Inventory
Stock movement → GL
Auto valuation posting
Finance→Production
WO close → cost settle
Variance posted to GL
Finance→HR
Payroll → GL journal
Salary + statutory entries
Ready to modernize your mill?
See Papyrus BPApp
in your mill.
Book a personalized demo. We'll walk through every module relevant to your operation — from Deckle optimization to GSTR-3B compliance.
FAQ
Finance — common questions
Is GST e-invoicing built in?+
Yes. IRN generation via IRP, QR code, e-way bill, GSTR-1/3B auto-population, GSTR-2B reconciliation, ITC ledger, RCM on transport — all native.
What about FEMA for exporters?+
FEMA-compliant forex handling, shipping bill generation, ICEGATE integration, ECGC, packing credit, post-shipment finance, SOFTEX/EDPMS reconciliation.
Multi-company, multi-currency, multi-GSTIN?+
Yes. Native support for multiple legal entities, multi-currency (with FX revaluation), and multiple GSTINs (per state). Consolidated reporting at group level.
Real-time costing for paper mills?+
Yes. Multi-stage cost rollup (pulp → paper → finishing) with actual material, labour, energy consumption. Cost per ton visible at shift end.