About R7VAT
One stop solution for preparing returns for filing purpose & download it in Excel/CSV format. Integration available with relevant authority’s infrastructure and their APIs once available.
Cygnet Infotech helps businesses across the Globe to manage their VAT Returns & Indirect Compliances.
Key Necessities in a VAT Tool
Audit file generation for VAT authorities
Compilation of line item data for further audits
Organized data for review by tax consultants
Validations as per VAT laws
Features
VAT Return & FTA Audit File Creation
R7VAT has a Rule Engine at its core which segregates imported data to various heads of the return VAT Return
Data Import & Validation
Pre-defined format for this import, and user is guided throughout the process with validation messages
Dashboard
Sales summary, Purchase, Reverse charges & Input Tax recoverable at various entities of the business
Approval Flow & Reconciliation
A Provision for Approval flow, where a user can submit the VAT Return and the relevant authorities
Reports & Audit Trail
Various reports are available in the system which provides entity wise and group wise details of Sales
Hierarchy
System provides the representative company and member company creations as per VAT Law