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‘SELF-SERVE’ INTELLIGENT TAX VISUALIZATION

TaxAnalyze

Intelligent analytics to identify tax discrepancies within minutes

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TaxAnalyze

INTELLIGENT ANALYTICS FOR CONCURRENT AUDIT

TaxAnalyze is a ‘self-serve’ intelligent tax visualization and analysis tool powered by Thomson Reuters’ ONESOURCE(TM) tax engine. 

With TaxAnalyze, tax teams can visualize B2B data in a single view, validate data before filing, avail correct input tax credit and ensure there are no tax leakages. It enables organizations to identify discrepancies in tax data within just minutes. The tool also spots tax mismatch calculation and identifies line-level inaccuracies involving Tax variance. With the ability to manage and verify all transactions in one central database, regardless of the number of systems in place, the compliance process is more efficient and error-proof.

Benefits

FLEXIBLE, AGILE AND SECURE

  • ERP Agnostic - Flexibility to work with data extracted from multiple ERPs
  • Single File Approach - Manage data from multiple sources in a single file for tax validation
  • Certified Content - Certified content with business intelligence to analyse tax rate, tax type, tax amount, ITC eligibility etc 
  • Audit Defense - Eliminates time-consuming transaction processes to generate error-free GST returns

What can you do with TaxAnalyze?

1. Identify line-level inaccuracies

Tax Variance

Identifies tax differences on all sales and purchase transactions based on parameters such as tax rate, CGST, SGST/UTGST, IGST, Compensation Cess amount and Tax type

Supplier Variance

Identifies suppliers who have charged incorrect tax rate, tax amount or tax type on purchase transactions as well as, top non-compliant vendors.

HSN/ SAC wise Mismatch

Flags HSN/SAC codes on which wrong tax has been charged and helps eliminate the risk of excess or short payment of tax.

2. Analyze tax trends and leakages

Tax Variance

Identifies tax differences on all sales and purchase transactions based on parameters such as tax rate, CGST, SGST/UTGST, IGST, Compensation Cess amount and Tax type

Input Tax Credit Analysis

Break-up of total input tax credit into recoverable and non-recoverable. Also, it ensures efficient cash flow management through optimization of ITC

Reverse Charge Analysis

Quick overview of GST liability payable under reverse charge and eliminates the risk of non-compliance

Be GSTR ready data for quick and easy compliance filing

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