GEM.AI™ Oil & Gas Upstream sales & use tax
GEM.AI™ upstream sale & use tax matrix is a highly granular. Granularity reduces products and service mapping errors. Designed specifically for the upstream segment of the oil & gas industry.
GEM AI™ is built on AWS AI services for better accuracy and less risk.
GEM.AI™ automates product and services determination with NLP and models that are specific for each state’s oil and gas sales and use tax statutes, regulations, administrative rulings and judicial decisions.
GEM.AI™ example of state specific NLP models:
- Drilling phase states: Wyoming, Kansas, Arkansas
- Colorado Enterprise Zone Exemption
- New Mexico Gross Receipts: deductible and non-deductible
- Oil soluble versus water soluble drilling and production fluids
- Texas manufacturing exemption
- Texas intraplant exemption
- Texas Well Service Tax
- Pollution control exemptions
- Hauling and delivery
- Oil and gas dictionary
- USPS sales tax rate calculation
- Location based sales tax rate calculation*
Vendors and suppliers can quickly resolve sales tax doubts using GEM.AI™ NLP models.
GEM.AI™ reduces manual product and services categorization.
GEM.AI™ is an oilfield sales tax assistant that can process large volumes of transaction for overpayments and underpayments.