EY launches DigiGST™, an intelligent tax automation tool for GST, hosted on Microsoft Azure

 Highlights

  • DigiGST™ is a unique technology tool from EY  that integrates services of both Application Service Provider (ASP) and GST Suvidha Provider (GSP)
  • Combines EY’s tax domain expertise, technology capabilities and sector knowledge
  • Hosted on the highly secure local Microsoft Azure cloud in India with a multi-layered security architecture for greater resilience
  • Scalable and flexible infrastructure capable of handling large volumes of transactions and unpredictable data patterns
  • Offers 24/7 and 365 days monitoring and control of data security by two ISO 27001 certified EY Security Operations Centres (SOCs) in Chennai and Trivandrum

Bengaluru, 31 May 2017: EY, the leading global professional services organization, today announced the launch of DigiGST™, its integrated GSP-ASP solution that provides organisations with end-to-end GST compliance support. DigiGST is hosted on the highly secure Microsoft Azure platform and combines EY’s tax domain expertise, technology capabilities and deep Sector knowledge.

“The launch of GST is perhaps India’s most significant and complex economic reform the largest yet most complex change in the world and technology will play a critical role in this transformation journey. DigiGST™ combines our tax knowledge and technology expertise in a way that it adds value to businesses, helping them fully realise the benefits of GST while meeting compliance requirements in the most digital or user-friendly way”, says Rajiv Memani, Chairman, EY India and Chairman, Global Emerging Markets Committee, EY.

The GST Network (GSTN) will be the technology backbone of the new GST regime and it is estimated that over 8 million taxpayers will upload in excess of 3 billion invoices in a month on the GSTN. This is unique to India’s GST network as this level of transaction volume has not been managed in any other tax governance system anywhere in the world.

DigiGST™ is built on a fault tolerant and secure Microsoft Azure cloud platform that has the world’s best standards for cloud privacy. This solution uses intelligent tax automation supported by industry specific algorithms and a reliable and resilient technology platform that is capable of handling a large volume of transaction data.

Bertrand Launay, Chief Operating Officer, Microsoft India, said, “Microsoft Azure cloud offers the most consistent, familiar and stable environment through local datacenters for EY’s intelligent tax automation tool, DigiGST™. It ensures protection of business-critical data with managed cloud backups and disaster recovery as a built- in service. Microsoft Azure is ISO/IEC 27018 certified and has the world’s first code of practice for cloud privacy. Its multi-level security and flexibility will further support the scalability and resilience of the DigiGST™ solution.”

“Tax compliance work in India has hitherto been about manual extraction and processing of transaction data, and submitting returns to the tax authority in a prescribed manner. This is set to change with GST. Built by our professionals with deep tax domain and sector knowledge in collaboration with our technology experts, DigiGST™ helps businesses optimise the benefits of GST. We have the largest pool of Indirect Tax (IDT) professionals powered by over 800 GST practitioners across 14 cities. India’s GST is the biggest and most ambitious digital tax reform carried out by any country, making DigiGST™, the largest intelligent tax automation project of EY anywhere in the world”, says Sudhir Kapadia, Partner and National Tax Leader, EY India.

EY’s GSP will connect with the GSTN system seamlessly over a secured leased-line and upload taxpayer data in JavaScript Object Notation (JSON) format using Application Programming Interface (APIs) and the license key accorded by the GSTN. EY ASP will provide all the value-added services to make GST compliance easier. Only GSPs and ASPs together can provide seamless end-to-end GST compliance services to taxpayers. The DigiGST™ uses robust in-memory multilevel reconciliation for timely error detection and appropriate credit availment to taxpayers thus reducing their working capital blockage.

“Today, organisations are faced with the challenge of ensuring robust GST compliance and governance while their internal and external systems stabilize, as they prepare for the GST rollout. Our DigiGST™ solution is purpose-built to offer timely GST compliance of a company’s entire business ecosystem including supply-side vendors and delivery, including distribution partners. This solution is designed to be scalable and flexible to handle the large data volumes expected to flow through the system in traffic patterns that are likely to be uneven and unpredictable. DigiGST is also highly customisable with a rules engine that can adjust to a company’s sector and structural complexities including tax positions”, says Harishanker Subramaniam, Partner and Indirect Tax Leader, EY India.

Companies today are concerned about safety of their data and are keen to know how ASPs and GSPs will ensure data integrity and security while they interact with the Enterprise Resource Planning (ERP) systems to extract transaction records. The DigiGST™ solution while being customisable, automated and intuitive is also highly resilient, providing the best security infrastructure and complying with the highest accepted industry standards. At each layer of the infrastructure and application, controls have been established to ensure data confidentiality and integrity. While the GSTN mandates all GSPs to be ISO 27001 certified, EY’s ASP solution too complies with the ISO 27001 data security standards. DigiGST™ ensures that the entire value chain from taxpayer system to the EY ASP to the EY GSP platform and server works like a single secure data pipeline. DigiGST™ offers role-based access control privileges to prevent any individual other than the one assigned by the company leadership to interact with the complete dataset. This solution uses data virtualisation to prevent data manipulation and theft by individuals with access to the solution interface. EY’s two ISO 27001 certified Security Operations Centers (SOCs) in Chennai and Trivandrum with highly mature detection and response capabilities will provide 24/7 monitoring and control of data security as part of the DigiGST™ service offering.

Flipkart and Microsoft forge cloud partnership to expand e-commerce in India

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Bangalore, February 27th, 2017: Today Microsoft and Flipkart, India’s leading marketplace, announced a strategic partnership to provide consumers in India with the best online shopping service. As a first step in the broad collaboration between the two companies, Flipkart will adopt Microsoft Azure as its exclusive public cloud platform. Microsoft CEO Satya Nadella and Flipkart Group CEO Binny Bansal announced the news today at an event in Bangalore.

“At Microsoft, we aim to empower every Indian and every Indian organization with technology and key to this is forging strategic partnerships with innovative companies like Flipkart,” said Satya Nadella, CEO, Microsoft. “Combining Microsoft’s cloud platform and AI capabilities with Flipkart’s existing services and data assets, will enable Flipkart to accelerate its digital transformation in e-commerce and deliver new customer experiences.”

“Flipkart has always been committed to its vision of transforming commerce in India through technology. Given Microsoft’s strong reputation in cloud computing, coupled with scale and reliability, this partnership allows us to leverage our combined strength and knowledge of technology, e-commerce and markets to make online shopping more relevant and enriching for customers,” said Binny Bansal, Group CEO and Co-Founder, Flipkart.

Launched in 2007, Flipkart has amassed unparalleled scale in India through customer-centric innovations that have made online shopping a seamless, accessible and affordable experience for over 100 million Indians. Its innovative disruptions like cash on delivery, No cost EMI, Product Exchange, easy returns, same day delivery and instant refunds have paved the way for the e-commerce market in India.

Starting with computing infrastructure, Microsoft Azure will ultimately add a layer of advanced cloud technologies and analytics to Flipkart’s existing data centres. Microsoft’s strong presence in India along with its global scale allows for continued growth and expansion, setting the stage for the long-term partnership.

Flipkart plans to leverage artificial intelligence, machine learning and analytics capabilities in Azure, such as Cortana Intelligence Suite and Power BI, to optimize its data for innovative merchandising, advertising, marketing and customer service. With powerful insights about its business and new, intelligent services, Flipkart can deliver increasingly relevant and personalized experiences to its customers.