GST Analytics

As businesses evolve and transactions become increasingly sophisticated, managing GST compliance in the face of regulatory updates has become increasingly complex. Ensuring accurate GST treatment is a continuous challenge for businesses.

To cope with GST complexities, many businesses are turning to data analytics to identify anomalies that may not be picked up through conventional GST reviews. Going beyond traditional reporting, we help businesses dive deeper into their data to reveal opportunities and highlight threats that may affect GST compliance.

The key benefits include gaining deeper insights into your data, achieving greater accuracy in filings and enhancing your GST compliance efforts.

Our approach to a typical GST Analytics assignment includes:

Conduct a quick analysis of voluminous transaction data to identify incorrect GST treatments
Spot and react to changes in suppliers’ and customers’ transaction patterns
Apply the de minimis rule test
Identify under or over-recovery of GST
Detect and address duplicate transactions
Test reliability of core data transaction for GST workings