Our role of Services

•   Supervision of VAT Registration Process to get VAT registration number.
•   Prepare the current activity flow chart to identify how VAT is affecting which type of activity.
•   Prepare the proposed activity flow chart documents after incorporating VAT.
•   Advise on the implication of VAT in terms of Cost to be incurred in the entire process
•   Monitor, supervise and advice the Systems Personnel for smooth implementation of VAT
•   Propose and recommend Journal Entries for VAT transactions (Input Tax, Output Tax, Net VAT liability) in line with IFRS standards
•   Coordinate with Systems Personnel to generate the required output in the Books of Accounts as per VAT legislation
•   Coordinate with Systems Personnel to generate periodic returns in the prescribed format
•   Train the company personnel about the procedures to follow in preparation of Sales invoice, accounting for purchases, services provided/received, preparation of Vouchers for expenses which have VAT implications ,etc.
•   Supervise and provide support for the preparation and submission of Periodic Report by the Company Personnel
•   Coordinate with Company Personnel for making payment of correct VAT to the Government before the due date
•   Provide VAT procedure manual for the employees to follow
•   Provide VAT support during the first year of operation of VAT