Solution Overview

EY DigiTDS is a broad cloud-based withholding tax payable solution, with automation-driven state-of-the-art technology. It supports transformation of the WHT function across various facets of an organization i.e., people, process, data and technology elements.

Key functionalities

Pro-active validation of PAN and lower deduction certificate (LDC) details in vendor master with TRACES portal
Undertaking of following compliances:

Monthly: Validation of monthly WHT liability including secondary validation of TDS rates, tracking of LDC, TDS on year-end provisions, advances, handling credit note adjustments and preparation of form 15CA/ CB
Quarterly: Generation of WHT return (form 26/ 27Q), e-mailing of TDS certificates (form 16A) and preparation of form 15G/15H statement
Annual: Reconciliation of expenses with TDS and generation of clause 34(a) report as per tax audit report format

System-based controls and validations, dashboards/reports, audit trail, etc

Benefits of EY DigiTDS

Handling large volume of transactions including dividend and purchase of goods
Automation-driven processing of all WHT compliances i.e. monthly/ quarterly/ annual
Secondary validation of WHT section or rate to ensure appropriate compliance
System-based controls, validations, audit trail, etc.
Supporting audit-readiness
Automated process for obtaining vendor and customer declarations

EY DigiTDS

by EY Global