User friendly exhaustive input forms covering all possible tax transactions in the country viz local sale/purchase, inter-state sale/purchase, import, exports etc.
Separate tools for eight specific sectors – Traders, Manufacturers, Service Providers, Works Contractors, Restaurants, Real Estate, Software Companies and E-Commerce Companies. Customised forms and tools so as to cater the requirements of these specific sectors and address the key tax issues within these sectors.
Calculates GST impact on complex business transactions viz. High Sea Sales, Sale in the course of import and In-transit sale.
Assesses financial impact of GST on account of stock transfer.
Computes the intrinsic value of Excise duty/ Custom duty (BCD & CVD)/ Service tax incurred on purchases to assess the benefit of additional input tax credit available in GST regime in case of traders.
Computes the intrinsic value of VAT/CST incurred on purchases to assess the benefit of additional input tax credit available in GST regime in case of Service Providers.
Ability to compute financial impact on profit/ revenue and also caters to anti-profiteering clause in draft GST legislation.
Considers the impact of SAD refund being claimed by the traders in case of import and re-sale.
Considers the impact on account of any location based exemption or SSI exemption being claimed, in case of manufacturers.
For Works Contractors and Real Estate sectors, considers various scenarios/ schemes being followed by the business viz. actual, ad-hoc and composition.
For Software Companies, considers all the possible tax issues currently being faced by the industry e.g. levy of VAT and Service tax both on supply of software.
Considers the impact of other local levies like Entry tax, Entertainment tax, Luxury tax etc.
Comprehensive impact analysis report covering aspects (in addition to financial impact analysis) like GST impact on the relevant business sector, compliances, documentation, supply chain & distribution, points to be discussed with the vendors, GST migration etc.
Presentation of finacial impact results in tabular and graphical forms, easier to be read by the user. Also, re-creation of profit and loss account in GST regime to give a holistic view