Automated GST Parsing
Handling Indian GST is complex. Outlay eliminates manual data entry by extracting the GSTIN and tax breakdown from every receipt automatically.
What we extract
When a receipt is processed, the AI Engine specifically looks for tax compliance fields:
- Vendor GSTIN: The 15-character Goods and Services Tax Identification Number of the merchant.
- Tax Breakdown: We separate the Grand Total into CGST, SGST, IGST, and Cess.
- Buyer GSTIN (B2B): If your company's GSTIN is printed on the receipt, we flag it as a valid B2B invoice eligible for Input Tax Credit.
Real-time Validation
Extraction is not enough. The moment a GSTIN is extracted, Outlay pings the official GSTN (Government) database to validate it.
Status Check
We verify if the vendor's GSTIN is "Active". If it is "Cancelled" or "Suspended", the expense is immediately flagged for review.
Name Matching
We compare the Legal Name registered to the GSTIN with the Trade Name printed on the receipt to prevent fraudulent or mismatched submissions.
B2C Invoices
If the invoice does not contain your company's GSTIN (a B2C invoice), it will still be recorded for expense tracking, but it will automatically be excluded from your ITC (Input Tax Credit) export reports.