Indirect Tax Compliance

With the number of entities that were using different ERP Systems to capture the transactions, there was a need of a Tax Software that could not only take care of the Tax, Determination and well as Tax Compliance that the system should be capable of handling the various complex transnational scenarios as well as providing the Tax Managers complete visibility of the transnational data and historical data trails for accurate and upto date information for various tax purposes.In order to coupe up with this challenge, Value Added Tax technology has been introduced to address these challenges and ensure excellence in its VAT activities. ONESOURCE manages VAT calculations and validations in real time and transforms tax processes without the need to disrupt or change existing ERP systems.ONESOURCE enables the group to manage VAT calculations and validations in real-time determining correct tax amounts in milliseconds, using the most current tax rates and rules across transactions and jurisdictions. ONESOURCE Indirect Tax Compliance is a compliance process management tool that is designed to provide automation, structure, control, and security to the management of VAT and GST filings.