- Review of all indirect tax processes, compliance and positions taken (GST,customs, excise, service tax, VAT/ sales tax)
-
Identifying eligible inputs, capital goods and input services.
-
Optimum availment of CENVAT credit on all eligible inputs, capital goods, input services is being taken by a corporate.
-
Benefit of exemption notifications available under Customs & Central Excise are being properly utilized.
-
Right selection of export incentives schemes.
-
Proper distribution of input services from head office to various manufacturing units for its set off against Central Excise duty liability etc.
-
Highlighting potential areas of exposure
In context of changing indirect tax regulations and the multiplicity of regulations at Central and State levels, it becomes very important for having a constant updation of the changes in the regulations.