VAT impact assessment is the core any VAT implementation project. It forms the substratum of the project and is the principal constituent as it ascertains the impact of levy of VAT. Our approach, method and steps comprehensively encompass all the critical areas of business so that no key area of business functions and transactions remains assessed.
We provide information and training on VAT related aspects to all key constituents of a business. Topics are covered in comprehensive, yet compact modules that are bifurcated into the following four parts which will enable key employees and external stakeholders to better deal with the changed environment after the introduction of VA
Redesigning of processes in light of the VAT levy is imperative to ensure that the business is not only compliant, but also geared up to gain a competitive advantage under the new regime. This activity will involve identifying, analyzing and redesigning process changes that will need to be implemented as part of the overall VAT implementation project
As they say, any strategy, even a great one, doesn’t implement itself. Implementation is a challenging and onerous activity. We believe that implementation should be impeccable and flawless so that business can continue to function smoothly and usual even post introduction of VAT. With this line of thinking, we carve the action plan, to execute for achieving a seamless transition to VAT
This is an important part of the VAT implementation project, since the IT system reflects a key final output of the VAT implementation project. The purpose of this activity is to provide the points for changes to be undertaken in the system outlay so that the desired data / information can be captured correctly
The intent and conception behind this support is to enable businesses to focus on their core operations while leaving the functional aspects of VAT i.e. verification of data capturing, resolving of queries, filing of returns, etc. to VAT experts. This would ensure compliance with the law while ensuring management focus on core business functions