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    5 views36 pages

    DOC001

    Uploaded by

    mehlam ali

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    of 36
    VAT VAT Solution for VAT Automation rents] cha A af Alrostamani Group ct WAG Bly Props for Akestamni Group Table of Contents 1. LETTER OF TRANSMITTAL. 2A RIVAT For VAT Mamgement nen 22 Scope of Senves, see Meets 22a RIVATScope 7 s 222. Astamanl Spe xn i Sa af 223 Alestamani Group Compliance Matrixrnnnnnnnann 7 224 Seapets 2 225 nfasructre Requirement. = A 226 Provequise fornia Setup updte thine 8 227 Responsibies~Akosamanl Group. . : 24 228 Responses RIVET rn See eee | 229° RIVATASsumptions 2 3. COST PROPOS Aen Payment Terms shale faz at the tine of BA Note. 4. Exton lan Mei 5:1 Ansexute A~ QUESTIONNAIRE RESPONSE. Saad Secuty - roma Arotaman up R7 VAT aa 2 Group Drector—Texand resury ‘Aostaman Group Sub: Proporl for mplementng RIVA Automation software for Akostaman group ‘ie thank yu for ghingus the opportunity 1 provide cr proposal fr implementing R7VAT software (on endo end automation sftanrehat extrac 0urce dat, extensive vation nd auto popultes ‘the VAT returns) to Alostaman Group We fe exe a he prospect af working with ou on the estnment and ae well placed to provide the services you nee, \Werhave brought ogethe talented team comprising ox and technology pects ete to support Your omanizton. We ar confident hat this right blend of spect with adequate experience and technical experts wl delver quay service to Alastamant Werhope you wld ou proposal sted to your neds, nd we look forward to work with ou 20, ‘Should you hve any question egarting his proposal please feere to conact meat 1971-56630 5127 or ema at nira|@cypnetinfotechcom Yours sincerely, Nia Huthesing Rava Confdetah R7VAT PropsiferAkastamani Group [RAT is 3 tool developed by Cyrat nfotech with 2 mision is o provide innovative tax technology Solutions to enterprises RIVAT an aeeredited tax accounting softvare by FTA UAE esr rece IVAT hl large and sal enterpres with aca he hoard oltons inthe ld of VAT mangement with highly respected team of ix and technaloay professionals combine with 2 widernging "experince in proving asry antaxsofware solos for comsonies across indsty scr. IIVAT offers the best valve projostion for estabishing the VAT management and automaton 2.14 RIVAT—for VAT Management a a = = elena R7VAT Proposl for Aostamanl Group 2.2 Scope of Services 2.21, RIVATS@pe + Gener eope Confintoh Crate scripts to exact the data fom the souree systems for (SAP, MS AL, Oracle) Implement obs to excite serps for he data extraction. Deployment for R7VaT sftwaefr 11 entities of UAE region als elevant to prpare FF Fa, Refnd File and Complance Mati ection 22.3 of proposals agreedby VAT shouldbe etched fam the source systems of ARG. (ase of any dat imiation nthe sure sytem, IT deparnent of RAG shoul prow ‘wth RY VAT Team ir lntatonelsted tate extraction of at, Pras : Discovery Pace "share the data import format and mandatory fs wth Aostarani "Understand he source syste Database to wrt ata Estacion septs {curently Si, tal & Oral ae been considered) hale the tsiest logic and mechanam to pl the dat from the vource system Sages the business lop to massage the dat based onthe gudance rom ‘Aotamanitaxtea, 1 Finale the tsies gl wih Arstamani for data massaging "Inte ascusian fr the procurement ofthe instruct or stag ad production nwonment + Sen offon cover Phase Phase: mpimenttion and Ospoymant *Crebtescripto erat the data om the source sytem, + Cheaejots rte data eration Implement nasogng gle as cnduded inthe dicoury phase + Ventestan of the iastactre or staging environment + staltion the pre-equtte software staging encenment + Deplomentof the afferent companent ofthe RIVA sohware, *Deplojmentaf Data Gxracton lobe \Vorfeston ofthe end to end dt low rr the diferent source syst “Sant checko the toon staging envronment Sign Off on implementation Phase hace: UAT & Go-Lve Vries fhe infrastructure fr production envionment, 1 station ef pre-equste software in production enaronment Deployment af he diferent components f the R7VAT saftare + Deployment Dat fxtraction ote ‘Verifies ofthe and oer ata low rom the diferent sure ystems. 1 Santy checkof the tool in production environment + Allens tiring woud be done separately os Tredng~SAP,Tadng — ‘Autoline, xhange~ICae, Serie SAP and Consretion, RealEstate ~SAP(& dys into) (Condit UAT esson for 31 Ents AS VAT teat prepare ft VAT retur from th 00 + Sianof&.Getne R7VAT ropes or Alostemn Group 2.22 Alrostamani Scope + General Scope Provide understandig of Source System aP4Schems, © Prove comnetvtyt Source Systems databases © Prove staging and roductoninfstucture for hosting VAT 001 1 Phase Wise Scope ©. Phase: Decovery Phase Understand he required data fds based onthe ingot format, Provide guinea capture mandstory fis rom the sure sytem Provide unurstancing of dort source ye onde thems Provide confmaton onthe busines lg for the dts etaction. Provide confrmation onthe busines log fo data massaging. Engage ifrateam to procure staging and production environment + rove ign a intat next pave ‘© Phase2: plementation and Deployment + ovide staghg and production infastucur. + _Providesign tnt nx phase (9 Phare3: UAT Go-lve Alten Tol ining sessions 1 Attend UAT ssn foreach entity 1 rove the jet sgn off Rr vatble features as Dashboard Fier at Organi User Management Customer Vendor Management Alport Er Fits or nada transactions Import / expr arc transetions (Generate FF les (Generate VAT returns Invoke Generation Reports Sales Summay Report Purchase Sunmary Report 1 Reverse Chae Uabity Report Input Tox Resverable Report Input Tox Noy Recoverable Report “TanCade Surumary Report General Leder Reconcation Report change Rae Recondition Report Corin Page 6736 Propet for Akostaman Group + fund Repart Upcoming Features et Two Quotes] 1 Compsance Clends 2.23 Alrostamani Group Complance Matrix: Input Tex Non recoverable Report (At Summary Level) Fld wise corection Aut Tai FAFFle versioning Export Transaction Report ‘Apportionment using Transaction count method and or are R7VAT SNe] Catagory Desciption | Complianes | Seope | Vendor Coverage | Remarks T | Format ofiapat | Whatfle Format | C Yes [excel text ew files Is supported bythe files Supported tool fr the upload forthe plond and generation of and download ‘utpt (Excel, text, fom the too CSV ete), E 2 [Upload oF ERP | Does yourtoot Ye | Propietay ETL data into the | support direct component (TW toot integration with Connector + Data ERP solution ike ‘Syne iil) are SAP, Awline, svailble forthe Care Match, dat extraction Connectivity rnoeds tbe provided by ARG. 3 Canvechosste | C Yer | Web UT haste import the files ‘ature to upload by files, selecting a file fiom within the took 3 ‘Can stool, pall [© Ye | Propieiay ETL the data ile rom 2 component (Data SPTP folder Syne Uiliy) ailble pull the data rom SETP. + | Type or Whatvalidaions | © Yes | As defined bythe validation | checks related to FTA, list of checks validations wil Confidentioh Page 70°36 Propo for Aostamani Group R7VAT Taxae configured ‘bestared ier inthesystem. the formal greement. 3 ‘Whatvaldations | C Yer | As defined by the checks elated to FTA lisof Fieldsare validations will ‘configured in the beshared ater systen. the formal agreement. 6 ‘Any cher ic Yes | As defined bythe ‘alidatons checks FTA, list of reconfigured ia validations will the system. beshared ater the formal agreement. 7 | Correction of | Does yourtcal | Yes | Web UThasthe ata within toot | provide an option feature to ix fo cores the eros, ‘ror wthin the conse of to ¥ Do youhave an | Ye | Toolofers option to contr redefine hts this fineion via ‘which canbe see rahi tae to estit permissions ‘edit operaons on the data. 9 Does ourteol | C Yes | Color codes are ight the erors provided on| inthemain file on WebUtaswellas the cansole and dovnload can ts be xed files. ‘overloaded as on utp ile in excel forma. io Does ourtoo! | C Yer | Eroweante provide an option fixed of line in Tocoreet the enor the excel file and In theerror output Tater canbe File (eee, ew pled inc the ete.) and upload teal the update files rectify the errs in the tol. ‘ovfene) Fags BoFRE ProposlforAostaman Group R7VAT Doesyoartool [© Ye] Tootharie hhve he capability to kerp the | mainain version versions of these OF VAT rete les 2 FAP Mes, aly. Versioning forthe PAP fle will be executed inthe upeoming quarers 7 Dossyoureot | C Yes | This eae Ts provilea not available comparison festure Fieht no to compare the However we shall FAF Tl version be developing a with Originally castom Module ‘ploaed files and to showcase find highlight the the dirences ditfesnces. between the «wo FAF Versions. ‘Once the module isdeveloped based on that ‘Custom Report be provided to highlight the diferences, The Custom module and Custom Report Costs are shared inthe d Costing section 5 How nany TAX [C Yes | As defined bythe Tog and eld FTA, however length related list of validations valiton erors will be shared are existing in the er the formal tool Please agreement, provide the st, 7 oes your ol | C Yer | Such information provite an isavalableon Information about WebUL as well as how nany are in downloadable trrorsand how excel le ‘many are warnings exceptions are ‘Confit Page 9036 R7VAT andi the upload file. Solution to havew Yes | Validation foie 15 verifation covers the ‘mechanism on ‘eration on Recebt date of Receipt date of| vender invoice and vendor invoice blockag the input For the tax def ate verification of recovery ofnput blocking input tax credit, Cygnet Shall provide a ester logic based on the inputs fom Alrostaman ‘Tax Team 6 Solution shal Fave Yes Based on the aver eation| avaiable ‘mechanism of dente fom locked input as = ‘existing source Townk System, enterainment ‘erifistion wll, relate inputs bedefined. As pe the fi ‘Agreement ith ARG We shall be provided wih sn ‘aentfier fiom the source sjstem to manage such sransetions 7 ‘Solution sal ave Yes | Report willbe amectanism to ‘ult imo the ool teack vendor within current payment within 6 ‘var. sont end consejuetl the stem shall havea ature oF reversal and readjustment of inpat tax ie How fie product Yes | As defined by the deals i FTA, lis of validation of place validations wil of suply of rules bestured aie Conse Page 10 of 36 ropsalorAkostamoni Group R7VAT Tres track were charg oF Forward Charge Applicability and to Track Zero rated tax applicability ‘he formal agreement. 19 | VAT validation or Import and Export transaction How systems deals | C to rack export ‘ecunentation compianees Ye Feature wil be availble in the next quater and will work as below Tool wil eature the supply along with the fag to indicate export da “Tool will ave ‘option o upload the export transactions, Tool wil append the addiional fields fom manual upload to the relevant Based on that revised dats tool will show the report which ‘over the Iransetions for ‘whieh the export related datas missing Report will be avaleblein his ‘quarter, Confientok Page 10 36 Props for Aestaman Group R7VAT 7m Tow 9stem deals with wconelation ‘offimor and reporing under box umber 6 and ToT VAT return c Ye "Tis feature wil teavalable in the tool during next quater. For this below would bethe ‘mechanism Too wil eapure the purchase data Tool will have facility to upload the Customs data foe import. “Tool will, reconcile transstions fom bath sources, The econeied ‘uansatons will, ‘bea par box 6 whereas non reconciled ‘eansaetons will beshown under box 7 BT | Other Features Foow aston wacks the exchange ate ‘alidation for impo of services and export of ‘ods and services Ye ‘Exchange aie reconciliation ‘epom isavalable torrack exchange rat validation for import transactions, a ow stem deals with puta apporionment for sandard and spiel method Ye Curren, spportionment feature is availble based onsles, purchase and eentage value Howeveras per sevssion with ‘Alrostamani Tax team forall, approaches purchase Iransction would age 12 of 36 R7VAT Tecategorizedas Props for Aostamn Group FITR, NITR, pre. B How sien will | Yer | Willbe available eal vith annual ‘sed on the agjusment of aidiinal costing inputax shared inthe sppotionment Costing section oe How sem will | C Yer | Based on the rack he reporting available tobe nade under identifier from sdjusment existing source column, Eg. Bad ‘stem, too! will debt show adjustment eres fr bo 7. B Whats the cc Yes] Based on the mechanism 0 transctons track VAT sven fom the Payment on recipe Source system, fofadvance and its tool will handle subsequent the advance adjustment payment ‘ssonaios. The ‘stom report ‘shall be added 0 track payment related information in this quater. % Whats he c Yer | Itwill be added mechanism to inthe ool in next track non payment quarely release. ofVAT on feteaton at the time ef ginal | Invoking and track of suequent payment of VAT Alle 12 month WF Solution in c Yer] Deseinion compliance with Parsing won't be possible to detect cy a CT LE Fee Props or Aestaman Group R7 VAT ‘Cemed supply | invoices. We need an identitier by which we can ‘igure out deemed supply transaction and show it intoa ustom report. we ‘Solution shal have | © feature to ensure ‘compiance with ‘suppl related paris Too wll apie TTRN and Eni ames along with the transactions. ARG will provide “TRNs and Entity ames which needs be ‘considered under supply treated Parties. Such transactions will be shown under the custom report. This wll be part of 10, ‘Custom Reports Solution shall ave | © Fes to adhere compliance of Capit Asse Schene Ye Tew be added inthe ool in next quarterly release. 3 Confidetoh Does ourvoo! | © validate any back dated financial enters done reeendy forthe previcus tax return perioes the daa being Two waysto validate back date return entries 1. For the previous VAT return ifthe tod is marked ss closed inthe ‘oo, tol will restrict ny data changes for that period 2. Based on the GL posting date R7VAT Props for Akostamen Group Takao previous vt Feu pid, tol wl vale teame a Doesyourteot [© Yer Pesmenty re fave son ne API fom tmkibe FTA, tower pletion of once the ps ‘eu th hei ‘pen rm FTA sans wreshold be able to provide the fate. ni feeGSi wea already having the aby om ST network ‘This wil bea partof AME ce FTA opens earl H Solaton al Fave PC Yes] This fear wit feat to manage bul iothe Vola too win, Disses nd current quar. Peay Compton w DoesyourtoTtas PC Yer [Toots te fete ek toraek ner tans hi ‘rent teemip ‘hia group comin Companies based snmthe tx code tensed for Sch wnsactons, H Doesyourioot TC Ye] ity provide hove option t aL Line Serf al the ret {asa and Non Tied atx year Saxale) we can wih sna ove reveneand the ‘enelton of tac resoneliaton table GL vs sith books “anal aunt med Tax GL ve Confident Pages of R7W/ ‘ax anita however we csnnot dai gait ial balance asthe tal Balance Data isnot being imported in the toa! 35 | Revenve Dossyourteot | Yer | Toot afters Reconciliation | supper reconciliation reconliaion oF| beeen revense and GL ‘ransetions and balances. GL VAT amount. For reconciliation between revenue and GL balance ‘we ned to have GL balances fom Propos for Aostamanl Group the source system, Costing forthe same hss been define in thecostng seston the ain eo 3 eso saaion JC Yes] This willbe done proviles an option using the foreire feed backround jobs cerretion nto todimp updated ERP stem and dba bak nto the ‘wha the Source system. ‘methedoiogy to do Costing forthe 0. same has been dined inthe st section fo | {he alton 37 TRN mumbers | Dest our staion | Yes | eurrenty teres verification | haves 10.APL rom mechani to FTA, however ‘erty the online once the pis TRN verification pen fom FTA we should be able —Leprovide this Conse Page 16 0736 ropes for Aste Group R7VAT Tatra for OST we are siready having the ability Fom GST network, This will be part, of AMC once the apis provided 3H | Dashboard & | Doesyouriool | C Yes | Toot has the Reports generate the FAF capabilities to files sper the tenerate FAP Ailes. w Deoesyourteal | Yes | Toohas refind ‘generate the refund repor available Feat fess per which s required the requirements rend related fiom TA, files. w Does yourteot | © Yes | Tool genersies provide the final VAT rer into "TAX eure format FTA format and imo FTA format. the same is ‘dvnoadable as ‘excel and XML files. wT ees iool provide | C Yes] Tool provides

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