{"id":1552,"date":"2026-06-10T15:34:48","date_gmt":"2026-06-10T15:34:48","guid":{"rendered":"https:\/\/sovos.com\/in\/?post_type=sovos_study&p=1552"},"modified":"2026-06-17T12:09:36","modified_gmt":"2026-06-17T12:09:36","slug":"4-verticals-9-states-zero-compromises-parekh-group-recovered-up-to-%e2%82%b95-cr-in-itc-annually-with-sovos-india","status":"publish","type":"sovos_study","link":"https:\/\/sovos.com\/in\/case-study\/4-verticals-9-states-zero-compromises-parekh-group-recovered-up-to-%e2%82%b95-cr-in-itc-annually-with-sovos-india","title":{"rendered":"4 Verticals, 9 States, Zero Compromises: Parekh Group Recovered Up to \u20b95 Cr. in ITC Annually with Sovos India"},"content":{"rendered":"\t\t
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Customer Story<\/h5>\t\t\t\t<\/div>\n\t\t\t\t
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4 Verticals, 9 States, Zero Compromises: Parekh Group Recovered Up to \u20b95 Cr. in ITC Annually with Sovos India <\/h1>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Products<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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E-Invoicing <\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t
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GST Filing & Reconciliation <\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t
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E-way Bill<\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Company Information<\/div>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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INR 3100 Cr (Approx)<\/div>\t\t\t\t<\/div>\n\t\t\t\t
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Revenue<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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3600 +<\/div>\t\t\t\t<\/div>\n\t\t\t\t
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Employees<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Shipping, Logistics, Vessel owning and Hospitality<\/div>\t\t\t\t<\/div>\n\t\t\t\t
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Industry<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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22<\/div>\t\t\t\t<\/div>\n\t\t\t\t
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Countries<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Benefits <\/h3><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t
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4 verticals, 9 states, one unified compliance framework <\/div>\t\t\t\t<\/div>\n\t\t\t\t
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40% faster onboarding with seamless eBMS ERP integration <\/div>\t\t\t\t<\/div>\n\t\t\t\t
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Rs. 2 to 5 Cr. ITC recovered annually <\/div>\t\t\t\t<\/div>\n\t\t\t\t
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60 to 70% reduction in GSTR-3B reporting time <\/div>\t\t\t\t<\/div>\n\t\t\t\t
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Thousands of e-invoices processed monthly, zero disruption since January 2021<\/div>\t\t\t\t<\/div>\n\t\t\t\t
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40 to 50 compliance hours saved every month <\/div>\t\t\t\t<\/div>\n\t\t\t\t
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100% compliance maintained over 9 years, zero ERP disruptions <\/div>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Overview<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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Established\u00a0seven\u00a0decades\u00a0ago, Parekh Group has grown into a world-class conglomerate with\u00a022\u00a0companies\u00a0operating\u00a0across four verticals: shipping,\u00a0logistics, vessel owning, and hospitality. A family-owned institution, the group serves both national and international clients with end-to-end services, built on values that keep the organization agile and customer-first.<\/span>\u00a0<\/span><\/p>

Given the size and diversity of the group, separate PANs exist for each of the four verticals. The shipping, vessel owning, and hospitality verticals each have 6 to 7 GSTINs spanning\u00a0Maharashtra, Gujarat, Andhra Pradesh, Telangana, Tamil Nadu, Delhi, West Bengal,\u00a0Odisha,\u00a0and Kerala,\u00a0while the\u00a0logistics\u00a0vertical\u00a0operates\u00a0with 2 GSTINs covering Maharashtra and Gujarat.<\/span>\u00a0<\/span><\/p>

GST return filing is managed at the state level by respective state offices, while reconciliation and overall compliance success is\u00a0monitored\u00a0at the vertical level and supervised at the group level. The Parekh Group has been meeting its GST compliance obligations since 2017 using the\u00a0Sovos\u00a0India Tax Compliance Suite.<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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The Challenge<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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Business Hierarchy:<\/span><\/b>\u00a0Unlike most organizations that operate under a single PAN with multiple GSTINs, Parekh Group functions across multiple PANs. The group required a system where edit access at the GSTIN level could be granted to users responsible for return preparation. Each GSTIN is then overseen at the PAN level by the respective vertical heads, while all PANs are monitored centrally at the group level. Replicating this exact hierarchy and control framework for GST compliance was a critical requirement.<\/span>\u00a0<\/span><\/p>

Technology:<\/span><\/b>\u00a0On the technology front, the group sought simplicity over complexity\u00a0i.e.\u00a0a straightforward upload feature for GST compliance. For e-invoicing, the requirement was a solution that integrated seamlessly with their existing ERP, with a smooth, hassle-free implementation process.<\/span>\u00a0<\/span><\/p>

GST Implementation:<\/span><\/b>\u00a0A significant challenge was ensuring the team stayed current with the ever-evolving GST landscape including frequent notifications, circulars, and the introduction of new forms and legislative changes along with\u00a0timely\u00a0guidance on their practical implementation.<\/span>\u00a0<\/span><\/p>

Easier Reconciliation:<\/span><\/b>\u00a0The group expected intuitive and efficient reconciliation modules that would help maximize their Input Tax Credit (ITC) claims.<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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The Solution<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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GST Compliance:<\/span><\/b>\u00a0The Parekh Group partnered with\u00a0Sovos\u00a0India in 2017.\u00a0Operating on\u00a0eBMS\u00a0as their ERP across multiple verticals, the solution was implemented to mirror the group’s specific business hierarchy, ensuring every stakeholder had the\u00a0appropriate level\u00a0of access and visibility.<\/span>\u00a0<\/span><\/p>

Sovos India has established partnerships with multiple ERP vendors across industries, and eBMS is one of them. As an existing partner, data exported from eBMS is already in a format that is ready for direct use within the Sovos India Tax Compliance Suite, eliminating the need for any additional data transformation.<\/span>\u00a0<\/span><\/p>

Onboarding & Ongoing Support:\u00a0<\/span><\/b>Over the years, the\u00a0Sovos\u00a0India team has consistently supported the Parekh Group with all compliance requirements in a prompt and reliable manner. Beyond managing monthly GST compliance, staying ahead of the latest GST updates, notifications, and regulatory changes has always been a priority in\u00a0Sovos\u00a0India’s support framework. Guidance on the practical implementation of these changes has been provided seamlessly, and all evolving GST compliance and filing requirements have been incorporated effortlessly without any modifications to the group’s existing ERP framework, entirely through the\u00a0Sovos\u00a0India Tax Compliance Suite.<\/span>\u00a0<\/span><\/p>

Reconciliation & ITC Maximization:\u00a0<\/span><\/b>The overall quality of invoice data across the group has improved\u00a0considerably over\u00a0the years, enabling the team to manage liabilities accurately and on time. On the reconciliation front, the\u00a0Sovos\u00a0India team goes the extra mile,\u00a0assisting\u00a0with GSTR-2A\/2B reconciliation against purchase data and actively\u00a0monitoring\u00a0vendor compliance. As a result, the Parekh Group has been able to maximize its Input Tax Credit (ITC) claims with a process that has been consistently smooth and reliable.<\/span>\u00a0<\/span><\/p>

GSTR-3B Reporting:\u00a0<\/span><\/b>While the group uploads invoice-level details in GSTR-1, GSTR-3B reporting required\u00a0consolidated\u00a0liability figures across multiple heads, specifically:<\/span>\u00a0<\/span><\/p>

  • B2B and B2C totals reported separately<\/span>\u00a0<\/span><\/li><\/ul>
    • Export and SEZ transactions reported separately<\/span>\u00a0<\/span><\/li><\/ul>
      • Total of all non-GST transactions<\/span>\u00a0<\/span><\/li><\/ul>
        • Nil-rated and exempted transactions reported separately<\/span>\u00a0<\/span><\/li><\/ul>

          The underlying calculation logic for these consolidated liabilities is considerably complex, and the data must be uploaded individually for each GSTIN on the GSTN portal.<\/span>\u00a0<\/span><\/p>

          The Sovos India Tax Compliance Suite delivered an effective solution to this challenge. The support team calculates values not only from GSTR-1 but also from the purchase register uploaded by the Parekh Group team, generating a ready-to-use GSTR-3B for the team to review and act upon. An option to edit auto-computed values has also been provided for added flexibility. The entire calculation is available at both the GSTIN level and the PAN level, and GSTR-3B can be uploaded at the PAN level directly through the platform.<\/span>\u00a0<\/span><\/p>

          E-Invoicing:\u00a0<\/span><\/b>Parekh Group\u00a0leverages\u00a0the\u00a0Sovos\u00a0India E-Invoicing Solution for all their e-invoicing needs. From the very beginning,\u00a0Sovos\u00a0India has been steadfast in its e-invoicing support, right from seamless ERP integration to IRN generation, every step has been made frictionless. Despite the group’s high transaction volumes, the\u00a0Sovos\u00a0India E-Invoicing Solution has enabled real-time e-invoice generation with consistent reliability and technical excellence.<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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          The Results<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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          Seven years into their partnership with Sovos India, the Parekh Group today operates with a level of GST compliance maturity that is rare for a conglomerate of its complexity.<\/span>\u00a0<\/span><\/p>

          One Framework, Zero Confusion<\/span><\/b>\u00a0<\/span><\/p>

          With a clear hierarchy established across GSTINs, PANs and verticals, every stakeholder knows exactly what they are responsible for. Compliance is no longer a fragmented activity but a well-governed, group-wide function.<\/span>\u00a0<\/span><\/p>

          ITC Claims at Their Maximum Potential<\/span><\/b>\u00a0<\/span><\/p>

          Consistent reconciliation and active vendor compliance monitoring have ensured that no eligible Input Tax Credit goes unclaimed. The group has seen a tangible improvement in its ITC realization over the years.<\/span>\u00a0<\/span><\/p>

          Zero Disruption Despite Regulatory Change<\/span><\/b>\u00a0<\/span><\/p>

          Through every GST amendment, new notification and form introduction since 2017, the Parekh Group has remained compliant without a single instance of the changes impacting their ERP setup or internal workflows.<\/span>\u00a0<\/span><\/p>

          E-Invoicing at Scale, Without the Complexity<\/span><\/b>\u00a0<\/span><\/p>

          Since going live on 1st January 2021, the group has generated a high volume of e-invoices in real time with no operational disruption, a significant achievement given the scale of their transactions across verticals.<\/span>\u00a0<\/span><\/p>

          A Partnership Built on Trust<\/span><\/b>\u00a0<\/span><\/p>

          Perhaps the\u00a0most telling result is the longevity of the relationship. The Parekh Group’s continued reliance on\u00a0Sovos\u00a0India across all four verticals over seven years speaks to the consistency,\u00a0reliability\u00a0and quality of support they have received.<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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          Why Sovos India?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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          For a group as complex as Parekh, the choice of a compliance partner was never going to be straightforward. With multiple PANs and GSTINs spread across\u00a0several\u00a0states, they needed more than just a software vendor. They needed a partner who could understand the nuances of their business structure and build a compliance framework around it, not the other way around.<\/span>\u00a0<\/span><\/p>

          Sovos India stood out for its ability to accommodate the group’s unique hierarchy within the platform, giving each stakeholder the right level of access without compromising group-level oversight. The existing partnership with eBMS further strengthened the case, as it meant the ERP integration was already well-tested and the onboarding process would be smooth from day one.<\/span>\u00a0<\/span><\/p>

          Over years, what has kept the relationship going is not just the technology but the quality of support. In a regulatory environment as dynamic as GST in India, having a partner that proactively communicates changes, guides implementation and ensures continuity without disrupting existing systems has proven to be invaluable for the Parekh Group.<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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          \u201cChoosing a solution that does both GST\u2019s regular monthly Compliance and E-invoicing\u00a0wasn\u2019t\u00a0easy for us. We needed a hassle-free and quick solution and glad we selected\u00a0Sovos\u00a0India.<\/span>\u00a0<\/span><\/p>

          It\u2019s\u00a0been years and the team has been offering prompt support for all our requirements. The ease of\u00a0operating\u00a0the software and easily connecting to our ERP solution is the key strength of\u00a0Sovos\u00a0India. The changes that are coming for GST compliances and filings can be easily incorporated without changing the framework of our ERP system.\u00a0The team\u00a0helped us address the issue on a real time\u00a0bases. 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\u00a0GSTR 2A\/2B\u00a0reconciliation with our purchase data to\u00a0monitor\u00a0our vendor compliance. With this, we\u00a0are able to\u00a0maximize our\u00a0ITC\u00a0and the process has been seamless.\u201d<\/span>\u00a0<\/span><\/p>

          Parag\u00a0<\/span>Parekh<\/span>
          <\/strong>General<\/span>\u00a0Manager Accounts & Finance, Parekh Group<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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          Ready to get started? Start tailoring this solution to your specific challenges with our experts<\/div>
          Talk to an Expert<\/div><\/sovos-button><\/sovos-image><\/sovos-feat-product-banner>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

          Customer Story 4 Verticals, 9 States, Zero Compromises: Parekh Group Recovered Up to \u20b95 Cr. in ITC Annually with Sovos India Products E-Invoicing GST Filing & Reconciliation E-way Bill Company Information INR 3100 Cr (Approx) Revenue 3600 + Employees Shipping, Logistics, Vessel owning and Hospitality Industry 22 Countries Benefits 4 verticals, 9 states, one unified […]<\/p>\n","protected":false},"author":498,"featured_media":1529,"template":"","categories":[31],"solutions":[32],"regions":[33],"lineofbusiness":[],"class_list":["post-1552","sovos_study","type-sovos_study","status-publish","has-post-thumbnail","hentry","category-gst","solution-gst","region-apac"],"acf":[],"yoast_head":"\n4 Verticals, 9 States, Zero Compromises: Parekh Group Recovered Up to \u20b95 Cr. in ITC Annually with Sovos India - Sovos India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sovos.com\/in\/case-study\/4-verticals-9-states-zero-compromises-parekh-group-recovered-up-to-\u20b95-cr-in-itc-annually-with-sovos-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 Verticals, 9 States, Zero Compromises: Parekh Group Recovered Up to \u20b95 Cr. in ITC Annually with Sovos India\" \/>\n<meta property=\"og:description\" content=\"Customer Story 4 Verticals, 9 States, Zero Compromises: Parekh Group Recovered Up to \u20b95 Cr. in ITC Annually with Sovos India Products E-Invoicing GST Filing & Reconciliation E-way Bill Company Information INR 3100 Cr (Approx) Revenue 3600 + Employees Shipping, Logistics, Vessel owning and Hospitality Industry 22 Countries Benefits 4 verticals, 9 states, one unified […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sovos.com\/in\/case-study\/4-verticals-9-states-zero-compromises-parekh-group-recovered-up-to-\u20b95-cr-in-itc-annually-with-sovos-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Sovos India\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-17T12:09:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sovos.com\/in\/wp-content\/uploads\/sites\/18\/2026\/06\/GettyImages-1441231058-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2121\" \/>\n\t<meta property=\"og:image:height\" content=\"1414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sovos.com\/in\/case-study\/4-verticals-9-states-zero-compromises-parekh-group-recovered-up-to-%e2%82%b95-cr-in-itc-annually-with-sovos-india\/\",\"url\":\"https:\/\/sovos.com\/in\/case-study\/4-verticals-9-states-zero-compromises-parekh-group-recovered-up-to-%e2%82%b95-cr-in-itc-annually-with-sovos-india\/\",\"name\":\"4 Verticals, 9 States, Zero Compromises: Parekh Group Recovered Up to \u20b95 Cr. in ITC Annually with Sovos India - 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