- 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.