EY GVRT is a cloud hosted end-to-end global value-added tax (VAT) and, goods and services tax (GST) reporting solution that redefines and globally standardizes the preparation, production and reporting process. It is an EY cloud-hosted global compliance solution which automates the preparation of indirect tax returns in over 70 countries globally.

Integrated within GVRT is a powerful tax technical testing engine capable of identifying anomalies by reviewing the VAT treatment applied to transactions against highly customizable parameters that cover general VAT checks and business- specific scenarios. The returns are mapped automatically and are reviewed and finalized within a defined control framework, supported by a well-documented end-to-end digital audit trail.

Solution benefits:

•Increased exception reporting and analysis
•Analytics routines to flag anomalies and transactions requiring review
•Improved visibility and identification of overall VAT risk
•Status tracking of indirect tax filings

•Consolidation of multiple data sources
•Automated exception reporting
•Quick access to transactional data

Identification of cash savings and other opportunities