OptiVat-Package Service for VAT Compliance

The OptiVAT packaged services is aimed at providing the user with a comprehensive solution for tackling the issues related to VAT compliance. It generates the VAT related forms and returns. The package service comes with highly flexible and versatile tool with a generic template that can be used by the states.

Service Offerings:

• Assistance in implementing the recommendations of SAP for VAT compliance.
• Customizing the relevant business processes in MM/SD/FI for VAT compliance. (Optional)
• Using SAP data for tracking various services related to VAT.
• Generating Return & Refund forms specific to VAT
• Provision for generating VAT related reports.
• Creation of documentation related to VAT compliance.
• Proactive helpdesk support.

Features:

• Flexible Input / output material relationship maintenance.
• Tracking
  - Various types of Purchase like Imports, Local etc
  - Various sales types like Exports, Stock Transfer, Inter state etc
  - Credit availed and utilization at a material level.
• Reports
  - Viewing the Input credit availed.
  - Tracking the refund or reversal of credit based on the sales.
• Printing
  - VAT returns.
  - Purchase and sales register.
  - State specific forms, available on request.
• Registers
  - Quarterly Return
  - Sales register
  - Purchase register
• Transaction for carrying out the Input credit utilization.
• Provision for creating JV based on the utilization.
• Highly integrated with the standard SAP modules.
  
  
  All State Specific Forms Available on request