GST Implementation

Complex tax processing for steel manufacturer

Client
An international steel-based technology and capital goods group based in Linz, Austria
Industry
Manufacturing

The Client

The client is an international steel-based technology and capital goods group based in Linz, Austria and a 12 Billion Euro turn-over company is active in steel, automotive, railway systems, and tool steel industries in around 100 countries worldwide.

The Challenge

  • Complex taxation processes with interstate and intrastate business operations.
  • Sub-Contracting process and pending job work.

The Solution

  • Process simplification with tax component and corrected shop papers.
  • Changes to custom developments, reports, interfaces and forms.
  • Fine tuning of business processes including indirect taxes.

The Benefits

  • Impact assessment on different business functions.
  • Timely adaption of new taxation with zero deviation from regulatory timeline.
  • Ensured business continuity and new process adaption going hand in hand.