As economies grow and progress, the taxation systems that fuel them also undergo significant changes. The way taxes are levied, paid and collected are constantly changing and evolving. Tax administration systems have to keep pace with the changes or run the risk of becoming inefficient. For example, by FY 2011, the Government of India plans to introduce a uniform Goods and Services Tax (GST) on the lines of value-added tax (VAT). Such a systemic change poses significant challenges for the tax administration system.
Tax Administration System Centre of Excellence (TASCOE)
Mastek has combined its in-depth domain expertise in tax administration, proven technology capabilities and ability to forge winning partnerships to create the Tax Administration System Centre of Excellence (TASCOE). The TASCOE has been designed as an ecosystem of excellence that will bring together best practices, a wide range of expertise, and a group of like-minded partners to address not only the challenges faced by Tax Administrators today, but also design long-term solutions that are flexible and sustainable.
Why Mastek?
- Mastek is one of the few companies in the world to have built cutting edge technology systems for Tax Administration (Value Added Tax (VAT)) in India. Mastek's domain experts have an in-depth understanding of the issues and challenges of tax administration; and together with our technology teams have delivered world-class solutions to State Governments in the country.
- We have developed the Value Added Tax (VAT) administration system called MahaVikas for the Government of Maharashtra and VATIS (VAT information system) for the Orissa government. Very few IT organisations have executed comprehensive projects on tax administration for Indian states. Mastek's tax administration solution is by far the most comprehensive solution in India.
- Our global partnerships with the various specialist organisations for the Tax Administration System development, deployment and management provide us the ability to offer the best-in-class solutions to our customers
