LexVio absorbs the mechanical half of a Chartered Accountant's month: income tax, TDS and GST computation, deadline tracking across four regulators, and first-pass review of the documents clients send you. The position you take, the disclosure you make and the certificate you sign stay entirely with you.
Half my month goes into chasing clients for invoices and bank statements so a return can be filed on time, and the other half goes into explaining why an input tax credit could not be taken because the supplier never reported the invoice.
Every client has a different deadline map, GST monthly and annual, TDS quarterly, advance tax instalments, ROC dates, audit dates, and it lives across three spreadsheets and one partner's memory.
TDS shortfalls surface months later as a default notice with interest on the shortfall under the governing income-tax legislation, long after the payment was made and the vendor relationship moved on.
A client asks an IndAS or cross-border question on a call and expects the answer on the same call, but a defensible answer needs an hour of reading before I open my mouth.
LexVio's Tax AI performs income tax, TDS and GST computation in one place, so a working is produced rather than rebuilt in a fresh spreadsheet for every client and every quarter. The computation is a starting position for your review; the section you rely on, the disclosure you make and the return you sign remain your professional call.
LexVio compares IFRS and IndAS treatment of a given item so the divergences are laid out before you draft the note or the reconciliation. It also assesses cross-border tax impact, which is usually the second question once a client has an overseas parent, a subsidiary or a related-party flow.
LexVio maintains an automated filing calendar and issues 14-day pre-deadline alerts, so the map of who owes what and when stops depending on a partner's recollection. The alert window is deliberately long enough to collect documents from the client before the due date rather than to explain a delay after it.
LexVio's compliance monitoring covers exactly four regulators, SEBI, RBI, MCA/ROC and GST, and carries a regulatory change feed so an amendment does not reach your practice second-hand through a client. What changed is surfaced to you; whether it changes a particular client's position is your assessment against the current official notification.
Vio is the single-document copilot for the notice, agreement or working in front of you, answering questions against that document alone. Nexus works portfolio-wide, searching across everything you hold, benchmarking clauses and raising drift alerts where documents that should be consistent across a client group are not.
Client entities and their documents go into Vault, one of LexVio's five unified modules alongside Legal, Compliance, Tax and Workflows. Recurring obligations for each entity are mapped onto the automated filing calendar so the deadline map exists in one system rather than three spreadsheets.
Tax AI produces income tax, TDS and GST computations and IFRS versus IndAS comparisons, while compliance monitoring tracks SEBI, RBI, MCA/ROC and GST and the regulatory change feed reports amendments. Fourteen-day pre-deadline alerts fire while there is still time to obtain documents from the client.
You test the computation against the facts, decide the position, and take responsibility for the disclosure, exactly as before. Where a document needs to change, edits export as tracked-change redlines in Word so the client sees precisely what moved.
No. LexVio's Tax AI performs income tax, TDS and GST computation, compares IFRS and IndAS treatment, assesses cross-border tax impact, and tracks due dates through an automated filing calendar with 14-day pre-deadline alerts. The filing itself continues through the government portals and the utilities your practice already uses, and the return remains the assessee's, prepared and certified under your professional responsibility.
No, and no responsible practice would want to. Under the governing income-tax legislation and the Central Goods and Services Tax Act, 2017, the position taken in a return is attributed to the assessee and, where applicable, certified by the professional; that accountability cannot be delegated to software. LexVio's purpose is to remove the arithmetic so your review time goes into the position, and rates, thresholds and due dates should always be verified against the current official notification, since several have been amended more than once, and the governing income-tax legislation itself has been replaced.
LexVio performs GST computation and monitors GST alongside SEBI, RBI and MCA/ROC, with a regulatory change feed for amendments. The credit decision itself still turns on applying Section 16 of the Central Goods and Services Tax Act, 2017, including the requirement that the supplier furnish the details and that they be communicated to the recipient, the outer time limit in Section 16(4), and the blocked credits listed in Section 17(5), to the facts of each invoice. These provisions and their timelines have been amended since 2017, so confirm the currently notified position before advising a client.
Bring a real contract or a live filing deadline. Half-hour walkthrough, no slides.