VAT or Value Added Tax, has
replaced direct tax as the largest revenue
earner for the government. The VAT Act was
enacted in 1997, effective from July 1998 and
since then government has ensured strict
implementation of various provisions of the Act.
Interpretation of VAT Act and establishing
co-relation between various provisions of the
law and the real business situation demands an
in-depth knowledge and understanding of the VAT
Act. We have a team of four members headed by a
professional, which provides various services in
connection with VAT. These services are as
under:
Preparation of monthly VAT returns.
Audit of VAT related records leading
to the issuance of Certificate of
Genuineness for claim of refund from the
department.
Verification of VAT related records
and advising the client for Correcting Errors and filing amended return to
avoid penalties.
Procure clarification in writing
from the department on issues with
differing opinions.
Guide and train client’s accountants
to ensure compliance of VAT Act.
Represent client’s case in front of
the authorities to minimize the
penalties.
