Withholding tax payable solution - EY DigiTDS

EY DigiTDS is a comprehensive cloud-based withholding tax payable solution. It enables transformation of the withholding tax function across the people, process, data and technology elements of any organization.

The tax landscape is rapidly changing with digital at the helm of this evolution. With the continuously evolving landscape, the focus of the government has moved to using technology as a backbone to ensure tax compliances and undertake tax risk assessments. Withholding tax compliances  have become increasingly challenging due to:

  • expanding scope
  • additional disclosure requirements
  • technology-based tax assessments, and
  • increasing reputational and financial risks

Further, concerns regarding withholding tax data mapping and transformation, unavailability of system-based controls, lack of withholding tax sensitized data from Enterprise Resource Planning (ERP), and sub-optimal audit readiness with data increasingly make withholding tax compliances more cumbersome and challenging for the industry.

Hence, there is a growing business need for a transformation solution for withholding tax in India, which can successfully deal with the above aspects.  

EY DigiTDS provides a comprehensive solution to transform your withholding tax payable function as under:

withholding tax solution - DigiTDS

Withholding tax payable solution - DigiTDS platform can assist in:

  • Minimal time spent on low value adding activities
  • System-based controls for lower deduction certificate (LDC) tracking
  • Easy tracking of TDS on provisions or advances including subsequent adjustments
  • Secondary validation of withholding tax section and rates
  • Proactive validation of vendor master data such as PAN or LDC
  • Automation driven processing, and
  • Reduced effort in Clause 34(a) reconciliation and reporting

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