Case Studies

Our client is a renowned sports technology company with an annual turnover of over ₹5,000 crores. As a sports tech giant, their operations involve managing an enormous volume of transactions, which poses significant challenges when it comes to TDS compliance. With over 3.4 crore line items per quarter being generated through their in-house ERP system, handling such a vast quantity of data was proving to be too much for any standard TDS solution to manage effectively. The company's scale and the complexity of their financial operations demanded a robust, tailored solution to optimize and simplify their TDS determination and filing processes.

One of the client’s major hurdles was the significantly high volume of transactions—3.4 crore line items per quarter—generated by their in-house built ERP. This vast amount of data caused severe inefficiencies in their TDS determination process, leading to delays and potential errors. Additionally, the output from their ERP system was not in a format that could be easily processed by most TDS solutions, including ours. Another significant issue was that many of these transactions had invalid or bogus PAN entries, which made accurate TDS filing difficult. Moreover, the client had 3 challans created every month and the task of mapping each transaction to the correct challan became nearly impossible to handle manually, given the sheer volume of data involved.

To address these challenges, our team deployed TdsPac, our pro solution specifically designed to handle high transaction volumes. Using our Debit-Credit Knock Offs feature, we reduced the number of transactions from 3.4 crore to 2.4 crore, primarily by setting off advances, reversals, and cancellations of transactions. Additionally, our key feature—Bulk PAN Verification—helped identify bogus PANs and transactions with missing PANs, which improved data accuracy and compliance. As the client's ERP output was not in a standard format, we developed a customized application that could extract only the relevant columns needed for TDS processing. This customized solution ensured a smooth integration with our solution. Lastly, we tackled the daunting task of challan mapping by using the TDS amounts to efficiently link transactions with the correct challans, completing this task within just two days showcasing our team’s efficiency and expertise. Our solution is also seamlessly integrated with TRACES, allowing the client to download conso files and create e-TDS correction requests directly, without the need to log in separately to the TRACES website.

The implementation of TdsPac transformed the client’s TDS management process. Our system successfully reduced their transaction load to remarkably lower levels, reducing the data volume from 3.4 crore to 2.4 crore line items. The custom ERP integration provided seamless data flow and saved the client countless hours of manual work. With efficient challan mapping completed in a record time of two days, the client was able to maintain timely and accurate TDS filings. The integration with TRACES and our Bulk PAN Verification feature ensured real-time compliance updates, reduced errors, and prevented penalties. Overall, TdsPac delivered a comprehensive and tailored solution that significantly improved the client’s TDS determination and filing process.