Other Services
VAT/Excise Health Checks
A high-level Health Check may highlight key taxes or compliance areas where there is non-compliance and the areas where more attention is required. These Health Checks enable clients to undertake necessary corrective action before an audit takes place and to ensure required documents are readily available. KSG Team will conduct a VAT Health Check to highlight adverse tax positions adopted by the client and compliance gaps needed to be eliminated.
Our VAT/Excise Health Checks covers:
Review of documentation trail for all Supplies like Tax Invoices, Credit Notes
Review of documentation trail for VAT Input like supplier tax Invoices, & Credit Notes
Identification of eligible/ineligible VAT Input and Excise Deductions
Review of Custom documents related to import/export of goods and services
Contract vetting for VAT Impact analysis
Developing Standard Operating Procedures (SOPs) for VAT Compliance
Help in drafting and submitting Clarifications / Ruling request with the Authorities