GST Compliance Solution launched

The customised technology will help in the timely and efficient compliance of GST

New Delhi, 22 June 2017: PwC India has launched a customised software solution that will help companies in India in end-to-end automation of Goods and Services Tax (GST) compliance. This software will help automate month-end tax compliances and reporting for companies with options for interfacing with multiple enterprise resource planning (ERP) environments.

The software solution has been developed by PwC, a leader in Tax technology and has been used very successfully and extensively in Europe and other parts of the world.

We are getting very encouraging feedback from clients on our tool. We are in the process of deploying it with many large companies”, he added.

Effective 1 July, GST will entail electronic filing of multiple monthly state-wise returns, transaction-level data upload, numerous reconciliations (revenue reconciliation, reconciliation with vendor details, upload on GST Network) and complex tax computation.

PwC’s GST Compliance Solution has several key benefits:

• Comprehensive compliance coverage
• Seamless interface with GSTN for information upload/download
• 100+ data validation checks to ensure factual as well as legal precision
• Extensive reporting/business intelligence modules providing relevant insights to the
  concerned stakeholders
• Intuitive dashboards for different user profiles
• Continuous monitoring of compliances for timely completion of related activities
• Secured infrastructure
• Access control mechanism to ensure users see only what is necessary
• Audit trail for both internal as well as external stakeholders
• Integration with PwC’s GST App (GST with PwC)
  

All this and more is backed by a strong team of PwC India’s indirect tax and technology professionals who will provide GST implementation and ongoing support for the GST compliance solution.