Tax Technology

Digitization in accounts payable process: How it will help in ITC claim

Digitization in accounts payable process How it will help in ITC claim

Considering how businesses today deal in a dynamic and competitive market, it becomes essential for businesses to integrate technology into their organizational functions to keep up with the changing times. Business processes have taken a virtual turnaround from traditional paper methods to digital payment solutions. Especially since the pandemic has made going digital vital for …

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Envisioning compliances with managed services

Envisioning compliances with managed services

Across the globe, organizations are witnessing enhanced tax regulatory norms and requirements that make conducting business complicated. Such tax regulatory norms are set to become even more stringent in the near future. A simple reason for this is the widespread and rampant tax frauds that are being committed. With such continuous scrutiny and intervention from …

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Manual reconciliations in the age of technology: Is it required?

Manual reconciliations in the age of technology Is it required

The advent of GST in the country has underscored the importance of tax technology. Multiple ASP and GSP solutions are rolled out with numerous features to ease GST compliances for taxpayers with the right technology. Right from the extraction of data from ERP systems to uploading it on the GSTN portal in the return formats, …

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Global tax technology service provider: An answer to your despairs

Global tax technology service provider An answer to your despairs

In the last couple of years, the digitization of tax functions has rapidly grown across the globe. More and more companies are looking at tax technology as the future. Even tax authorities have now endorsed the benefits of technology in tax and are radically making a shift to using technology in their day-to-day activities. With …

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The strategies that CFOs can use to drive digital transformation

The strategies that CFOs can use to drive digital transformation

As per a recent study, global RPA (Robotic Process Automation) software revenue is forecasted to reach $1.89 billion in 2021. Another research states that almost 75% of executives fear of going out of business within five years if they don’t scale artificial intelligence. A report that studied global enterprises states that 81% of total enterprises have …

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Frauds in banks: Here’s what Government is doing!

Frauds in banks: Here’s what Government is doing!

Banks and financial institutions constitute the backbone of any economy. The rise and fall of any economy are largely dependent on the health of its financial sector. Therefore, banks and other financial institutions are always under scrutiny. Historically, any frauds or scams originating in banks have a far-reaching impact. Not only do they have a bearing on the stakeholder’s …

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G-7 tax deal and its impact on India

G-7 tax deal and its impact on India

Introduction The G-7 is a group of seven countries including the USA, the UK, Canada, France, Germany, Japan and Italy. This is an informal group without any legal backing; however, the fact that these countries account to approximately 40% of the Global GDP and 10% of the world population, their say in any matter becomes …

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Digital Banking & Road Ahead

Banking Goes Digital

Introduction The digitisation of the financial sector began in the early 90s when Automated Teller Machine (ATM) and Electronic Fund Transfers (EFT) were introduced. Subsequently, internet banking was approved in India, followed by the National Electronic Fund Transfer (NEFT), Immediate Payment System (IMPS), RTGS, etc. Recently, India has been engulfed in the UPI or digital wallet payment system. With a motive …

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Evolution Of Fintech: Journey Through The Ages Of Financial Management

Evolution Of Fintech Journey Through The Ages Of Financial Management

Financial Technology or Fintech are innovations such as software, mobile applications, or algorithms that bring together the business owners and financial expertise at a single platform and enhance & automate the financial service offerings. The Finance industry has expanded and observed global Fintech funding surpassing $9 Billion in the second quarter of 2020. It encouraged …

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