• Tax Technology

Tax Technology

The rapid growth and adoption of technology has helped transform the operations of various business functions. Digitisation has become a necessity for increasing accuracy and driving efficiency. For businesses to stay competitive, it is important to embrace this compelling change and keep pace with such advancements. 

Digitisation of the tax process not only helps improve transparency, but also alleviates undue burden on personnel. It ensures timely compliance, cost optimisation and risk mitigation, and helps in unlocking value with the help of technology. Tax tech transformation involves the use of technology with the help of sophisticated and intelligent applications to create a digital tax ecosystem within an organisation. The digitisation of tax records facilitates ease of storage and access of tax data to all stakeholders seamlessly and enables the management to make smarter decisions based on the tax intelligence delivered.

BDO India’s TaxTech Hub houses our proprietary technology solutions to address comprehensive tax needs of clients & businesses. Our suite of products combines the experience of tax advisory that BDO India, being a leading global advisor, delivers through proprietary applications and products developed by the firm’s own Technology team, in response to changing regulatory environments and growing business needs.

Our Products:

1. E-Invoice - Provides interoperability and uniform interpretation across the entire GST eco-system and allows submission of an already generated standard invoice on a common portal

2. EWB - Integration with enterprise ERP systems for a simplified and timely extraction of data to help manage compliance requirements

3. BDO Enable GST - Real-time analysis of potential mismatches, data reconciliation issues and other bespoke requirements of the business

4. Tax Litigation - A digitally secure platform for stakeholders with a comprehensive overview for assessment of financial impact, designed for tax-based litigations & improvement of litigation strategy

5. Tax Manager - A digital platform providing real-time access to information and envisioned for managing the tax assessment process whilst enabling clients to easily maintain tax returns & assessments records

6. GST Analytics - Provides effective and efficient way to analyse transactional level data, Tax compliance monitoring, Tax optimisation and Improves issue identification & decision making

7. Remittance - Provides a step by step procedure for issuance of Form 15CB, ensuring better compliances due to smart reporting

8. GSP - Directly connects with Government of India’s GST systems, through a secured & dedicated channel

9. GST Audit - Envisioned to ease the process of GST Audit, reduce the efforts and act as a well-structured repository for the audit working papers

10. GST Vendor Portal - A single platform to handle all your vendor queries pertaining to GST. Our GST Vendor portal provides functionality to search the details of a taxpayer registered under GST and offers a read only view to any of your vendor to perform reconciliation and enhance transparency in transaction

11. Data Connector - Provides end-to-end automated solutions to clients for filing their monthly GST returns and generating E-Way bills

12. Learning Solutions - Highly scalable solution with an option to create powerful online content to communicate with trainees/ students/ employees to support the E-learning needs

13. BDO Portal - Available at any time, portal enables you to access all services, tools, apps and information and to collaborate with your advisors in a seamless way through a flexible, appealing and secure environment