Advisory & compliances – Goods & service tax

gst

We are specialized and expert to cater to all the requirements specific to GST. GST has far-reaching impacts for every business and entities in terms of applicability, tax rates, overall tax incidence, input credits, liquidity, prices and costs. We can assist in following areas:

  • Classification of products and services based on HSN/ SAC codes under GST and ascertaining tax rate applicable
  • Transaction structuring based on business model to ascertain tax implications, place and time of supply, eligibility for input tax credit, tax under reverse charge mechanism, eligibility for refunds and documentation to be maintained for various transactions
  • Assistance in set-up of accounting and reporting system in compliance with GST regulations for smooth functioning
  • Assistance in compliances and return filing as applicable
  • Assistance in getting GST annual audit
  • Assistance in filing of GST refund claims
  • Periodic GST internal audit to ascertain areas of non-compliances, improvements in systems and processes, evaluate completeness and effectiveness of documentation and areas of cost optimization/ savings.
  • Periodic reconciliation of books of accounts, GST returns filed and GSTR 2A based on returns filed by suppliers
  • Assistance in GST assessment, scrutiny, search and seizure and litigation support
  • GST diagnostic study to identify areas of improvements and non-compliances

Other Services