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      Challenges of tax/finance function

      For the purposes of clause 34(a) of Tax Audit Report (TAR), reconciliation required of expense general ledger (GL) vis-脿-vis details reported in the TDS return:

      • Expense data is voluminous and unstructured which makes it time consuming and prone to error
      • Lack of reliable report regarding transactions on which 鈥榯ax is not deducted鈥� resulting in overall qualification in clause 34(a) of Tax Audit Report.
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      乐鱼（Leyu）体育官网 e-TDS & TCS Compliance Solution

      乐鱼（Leyu）体育官网 e-TDS & TCS Compliance Solution
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      How our customised ERP automation addressed the challenges?

      • Reviewed 鈥榓s-is鈥� positions to understand transactions and business arrangement and provided report on the data gaps
      • Recommended customisations in ERP (SAP) for tax codes along with process improvements for automated reconciliation report from the ERP
      • Created a blueprint for customised automated TDS reconciliation report directly from ERP.

      Outcomes

      • Increased accuracy of the reconciliation report and process improvements - ERP standard functionality used for many improvements
      • Significant reduction in time/effort spent by client team on the complex reconciliation process leading to efficiency and increased accuracy
      • Additional comfort to tax and finance management with automated clause 34(a) details for Tax Audit Report.

      Key Contacts

      Sunil Badala
      Sunil Badala

      Partner, National Head of Tax

      乐鱼（Leyu）体育官网 in India

      Ajay Mehra
      Ajay Mehra

      Non-Executive Chairman

      乐鱼（Leyu）体育官网 in India

      Gaurav Mehndiratta
      Gaurav Mehndiratta

      Partner and National Head, Corporate and International Tax

      乐鱼（Leyu）体育官网 in India

      Rahul Kashikar
      Rahul Kashikar

      Partner, Head - Tax Technology and Transformation I Partner - Corporate International Tax

      乐鱼（Leyu）体育官网 in India

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