VAT for Business
How to prepare to comply with VAT by businesses?
| Comfort Zone | Alarming Zone | Safe Zone |
|---|---|---|
| From today to 30-09-2017 | From Mid Sep’17 to 31-12-2017 | From 01-01-2018 onwards |
| To make some changes in: | ||
| Core Operations | VAT registration | Hit the Ground running from the |
| Financial Management and book-keeping | Designing Template for VAT Transition | Compliance of TAX LAW |
| Technology | Identifying Risk areas & mitigate | |
| Human resource mix (e.g., accountants and tax advisors). | Prepare VAT Impact on profitability & take appropriate decision | |
| Trial Run | ||
| Training & Development |
