TRANSPARENCY GUARANTEED WITH CEDCOMMERCE VAT VALIDATION EXTENSION • CedCommerce

TRANSPARENCY GUARANTEED WITH CEDCOMMERCE VAT VALIDATION EXTENSION

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“Make sure you pay your taxes; otherwise you can get in a lot of trouble.”–Richard M. Nixon. For any business to run smoothly, paying taxes is mandatory. Taxes are the source of income for the government. It is to ensure taxes are being paid for each and every transaction and to ensure maximum transparency and accountability, Cedcommerce brings you the VAT VALIDATION module for Magento 2 stores. It simplifies and automates the scrutiny for each transaction.

Otherwise the boring process of verifying each and every transaction, the module automates the process by connecting it to VIES (VAT Information Exchange System). Here customer enters their unique VAT IDs, and as it is connected to the databases, the information gets verified in the real time and if the VAT is authentic transaction goes ahead. To make the understanding much better documents , screenshots and demos have been made available on the product page

HOW IT BENEFITS THE VENDORS?

If the proper verification is not followed that the customer is the legitimate entity with a valid and active VAT number, there is risk involved that ends up you getting charged for VAT exemption by the TAX authorities, therefore to prevent yourself by any such situation, it is of critical importance to verify the details of customers.

HOW VAT VALIDATION MODULE WORKS?

It is an extremely customizable extension and users can place the verification area as per their store design or architectures. The standard places where it is generally provided:

On customers’ account creation page.
On customers’ billing and shipping address page
On Shipping and billing address page (If a customer uses another address than already stored)

NOTE:

For a customer registered in 3 countries, there are 3 different VAT registration numbers. And the VAT nos. are used as per their location of placing an order.

Features of Cedcommerce’s extensions:

The Cedcommerce follow 5 E philosophy in the in-house development process – solutions that are easy to use; make the difference in the operations – effective; best utilizes the resources – efficient; extremely cost effective – economical and are updatable and upgradable. The main features are: