Comprehensive Health Checks/Reviews

Dynamic business environment and complex regulatory framework makes it difficult to track changes in indirect tax laws. Hence, it is a desirable practice to undertake a regular health check or review (annual or half yearly) to ensure that no changes or amendments having significant impact are missed altogether.

We at VKC undertake such checks and reviews by covering the following:

  • Examine applicability of taxes on various transactions be it VAT, Excise or Service Tax
  • Examining availability of exemptions
  • Examine eligibility of tax credits and export benefits (as applicable)
  • Review statutory compliance
  • Evaluate tax optimization opportunities
  • Identify tax exposures and inefficiencies
  • Identify internal control weaknesses
  • Detailed exception report outlining observations