VAT Registration
We help our clients to identify their status as liable for obtaining VAT registration or not by checking their aggregate turnover with the VAT registration threshold limits and help them avoid penalties for non-registration under VAT.
We assist clients in obtaining VAT registration by preparing all the documents required for VAT Registration and following the VAT Registration Process, applying for changes in the details in the VAT registration certificate that are incorrect.
We support clients to file for registration at each place of operations of the business in different tax districts. We help clients check their VAT status from the GRA System portal.
We aid clients in obtaining TIN and related login credentials. We help to find out the eligibility of the client under the VAT composition scheme. We assist the clients in registering as a normal taxpayer, composition scheme taxpayer, casual taxable person, non-resident taxable person, input service distributor, tax deductor at source, tax collector at source or any other under the VAT laws.
VAT Classification
As a part of our VAT Compliance Services, our consultants provide the necessary support to the clients in the classification of their items related to goods and services.
Review of Accounting Data
We study the accounting data of clients to check for any necessary VAT compliance as per the VAT laws. We assist clients in maintaining books of accounts as per the requirements of the VAT Act. We commit ourselves to understand the operations and business of the clients to get better insights on the applicability of VAT laws and fulfill the requirements of the law.
VAT Advisory
Our VAT compliance services include expert advice to clients on the applicability of VAT on its various transactions and assess the potential impact in different business sectors to find out the VAT liability amount. We understand the business of the clients, regulatory requirements and provide them with a customized VAT Compliance Checklist that they have to follow every month to remain compliant with the requirements of the VAT Act.
We provide on-call advisory services regarding any queries and issues under the VAT laws. We also address the queries of our clients’ customers and suppliers. Our team assists the clients on an ongoing inquiry or investigation initiated in regard to VAT compliance from the government or relevant departments.
We also assist the clients in selecting the right VAT Compliance Software.
VAT Liability Calculation
Our VAT advisors determine the actual period of supply to find out the exact tax period in which VAT would be applicable and when the dues are required to be paid. We sit along with the internal accounting team to identify the invoices available for an input tax credit with respect to the relevant provisions. We intimate the clients about payment of taxes as per their liability.
VAT Return Filing Services
SAS also verify the data and calculate the VAT liability of the client to prepare and file monthly VAT returns.
VAT Invoice and other Documents to be maintained under VAT
Our VAT consultants are also involved in designing the format of tax invoices, credit notes, debit notes, bill of supply, export documentation, etc. containing all the relevant details as per the provisions of VAT laws. We also engage ourselves in the thorough review of all invoices and VAT documents prepared by the client to ensure that the client issues a VAT Compliant Invoice and avoids the possibility of errors and penalties under VAT Laws.
Monthly Reconciliations
We also handle the monthly reconciliations where our team determines input tax credit based on taxes paid for the inputs, input services, and capital goods as per the invoices raised and purchases made.
VAT Refunds
We assist the clients in preparation and filing of online application along with the relevant documents against which refund is to be claimed. We also engage in following up with the GRA for the finalization of refund claims.
VAT Update
We provide regular updates to clients regarding any notifications or circulars issued by the GRA under VAT laws for VAT compliance.
VAT Compliance Rating
We ensure that the client:
All of the above helps the client achieve a higher VAT Compliance Rating, and thereby, he enjoys several benefits like:
Are you looking for help in VAT registration? Do you want to categorize your transactions as falling under VAT or not? Do you want to have the correct calculations of your VAT liability? Are you looking for assistance in VAT return filing? Do you intend to manage all your compliances under the VAT laws swiftly and efficiently?
If you answered yes to any or all of the above, look nowhere else. SAS provides utmost satisfaction with VAT compliance services.
