Excise Tax Health Check

The introduction of Excise Tax has impacted several aspects of companies including cash flows, profitability, pricing, statutory compliances, invoicing, documentation, record keeping, IT systems, contract terms and product demand. Therefore, it is crucial for enterprises to determine whether their products are taxable, evaluate the impact’s areas and scope, file returns, speak up to the authority, etc.

Cash flows, profitability, pricing, statutory compliances, invoicing, documentation, record keeping, IT systems, contract terms, and product demand are just a few of the components of businesses that have been impacted by the introduction of excise tax.