VAT Implementation Services


Following is the detailed services that our team will undertake as part of VAT implementation for our clients:

i) Evaluate the Existing Business Processes and Systems
Clients’ current processes and procedures are examined in detailed by our team and then develop a plan for VAT implementation that suits the business and compliant with VAT regulations.

ii) Registering for VAT
We advise and provide support to our clients in relation to completing the processes and formalities required for registering under VAT.

iii) Accounting Systems Compliant with VAT
Our team of accounting and tax consultancy will review the client’s existing accounting software and systems and recommend suitable software and process changes for proper VAT reporting. Required Guidance and support will also be provided for preparing and maintenance of records such as Tax Invoices, Credit Notes etc as per the requirements of VAT regulations.

iv) Periodical Review of VAT Records
It is highly important for the Company to have on ongoing periodical checking of VAT records to avoid the errors and mistakes that would cost avoidable costs in terms of fines and penalties. Our team will periodically visit clients place for reviewing the records and help clients to be prepared well in advance thereby reduce the cost of errors.

v) Filing of VAT Return
We will provide complete support in the preparation and filing of the VAT return to our clients. We also assist in addressing the problems that our clients may encounter related to VAT return filing.