Unlocking Compliance Accuracy: Streamlining GST Reconciliation for a Global Leader in Car Leasing

Enhancing Tax Precision with Expert Outsourcing Support

A UK-based industry leader in vehicle leasing sought to improve the accuracy and efficiency of its GST reconciliation processes. Despite operating at scale, the client encountered challenges with data mismatches and the complexity of tax compliance across high transaction volumes. To address these bottlenecks, the client turned to Wisecor for specialized reconciliation support and dedicated onsite collaboration.

Intelligent GSTR 2A/2B reconciliation tailored to business scale

Proactive audit practices ensuring consistent tax compliance

Full-time onsite team for seamless execution and stakeholder alignment

Client

The client is a leading UK-based car leasing company, offering vehicle leasing solutions across multiple geographies. Known for their scalable and customer-centric leasing services, the company manages thousands of transactions and requires strict compliance across global financial systems. Their continued growth and market dominance rest on operational agility and financial discipline.

Scope of work

Wisecor was engaged for a 5-year engagement to manage the GSTR 2A/2B reconciliation process. A team comprising one Chartered Accountant (CA) and three Senior Executives was deployed onsite to collaborate with the client’s internal finance division. The project scope included identifying mismatches in purchase data, ensuring GST compliance, and conducting audits to reinforce the accuracy of reconciliations, all while improving overall process efficiency.

Geography

On-site at Client Premises – A close coordination model enabled real-time integration with existing accounting systems and enhanced responsiveness to compliance needs.

Industry

Automotive Leasing – A dynamic and highly regulated sector requiring compliance precision, transactional clarity, and robust reporting for sustained performance.

Client’s Challenges

🚧 Complex GST Structures – Frequent data mismatches between GSTR 2A/2B and internal records
🚧 High Transaction Volume – Manual reconciliation became time-consuming and error-prone
🚧 Lack of Audit Trails – Limited visibility into reconciliation gaps and compliance risks

Impact Generated

✅ Reduced Errors and Discrepancies – Automated matching reduced manual work and risk
✅ Faster Reconciliation – Streamlined processes improved operational turnaround
✅ Stronger Compliance – Regular audits and consistent reviews ensured tax accuracy
✅ Improved Focus on Core Business – Freed internal teams to prioritize strategic tasks

Wisecor’s Solution

📌 Intelligent GSTR 2A/2B Reconciliation – Leveraged tools and techniques to match data against GST portal
📌 Comprehensive Audit Support – Implemented regular internal checks and validations
📌 Embedded Team Collaboration – Onsite deployment allowed seamless interaction and quick problem resolution

Outcome

Over five years, Wisecor’s tailored GST reconciliation support empowered the client to build robust tax compliance systems and reduce operational friction. With accurate financial matching and audit-ready processes, the client improved efficiency, maintained regulatory trust, and focused on driving growth in a competitive leasing market.

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