Challenges of tax/finance function

Large volume of around 50,000+ airline invoices required to be processed from a GST input tax credit claim perspective
Non-availability of standard purchase register containing GST for such travel/flight expenses for 2B based reconciled ITC claim
Manual collation and spreadsheet based GST data created from airline invoice copies manually
Tedious, time and resource consuming process with probability of manual data entry errors while collation
Flight Expenses/Airline Invoices GST input credit was taken basis only GSTR-2B data

How our tech enabled managed services addressed the challenges?

RPA (Robotic Process Automation) technology implemented to prepare GST relevant purchase register from 30+ different airline invoice pdf copies
Airline Invoices accessed via email/ file transfers in batches are auto-extracted and RPA applied thereon reducing manual intervention
Optical Character Recognition (OCR) technology applied for creation of purchase register in reduced time with GST input tax credit relevant details (more than 1,000 processed in less than ten minutes)
Output digital register customised for direct use in carrying out GSTR-2B reconciliation on GST compliance platform

Automation enabled elimination of manual, time-consuming and cumbersome repetitive activities of creating GST ITC claim register for Airline Expenses
Automated digital register was now made available for business to claim GST input credit and that too after reconciliation with GSTR-2B

Automation allowed the company to free up business time/resources and focus on other strategic areas.

Partner, National Head of Tax

KPMG in India

Non-Executive Chairman

KPMG in India

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

KPMG in India

Explore Insights

Contact our specialists for more information

Contact us