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Goods & Services Tax

One of India’s most significant tax reforms, the Goods and Service Tax (GST), was eventually implemented in July 2017. Due to the scale of the transformation, it has its own unique set of difficulties and complexity. Not only are the laws changing, but there is also an effort to modernize the reporting system. The government has taken a highly proactive approach to streamlining its procedures and modifying them to meet industrial expectations. Businesses must reconsider the positions they adopted when the GST was introduced in light of the periodic explanations, modifications in the law, and challenges with interpretations if they want to avoid long-term consequences.

Compliances:

We assist clients in completing all compliance obligations imposed by Goods and Services Tax (“GST”) rules. Compliances, among others, comprise the following:

  • Verifying that tax compliance requirements are followed by performing due diligence and health check evaluations.
  • Examining the client’s financial records and confirming GST conformity with applicable tax regulations.
  • Assistance with registering for GST.
  • GST compliance outsourcing in its entirety.
  • Help in processing refund claims.
  • Supplying support in terms of technical guidance and representation for administrative audits.
  • Assistance with respect to the annual GST Credit adjustments and inspections.
  • Reviewing credit and performing health checks to find planning possibilities and maximize indirect tax impact overall.
  • Comprehensive support for GST inquiries and assessments.
  • Assisting with anti-profiteering certifications and doing anti-profiteering research.
  • Daily query resolution on call.

Litigations & Representation:

Our primary services include:

 

  • Help with writing responses to complaints, inquiries, and other communications from revenue/assessing authorities.
  • Aid in the preparation and submission of appeals against decisions made by appellate authorities.
  • Helping attorneys draught and present challenges and appeals before high courts including the Supreme Court.
  • Applying for advance rulings from the authorities to get clarification on complex issues.

Advisory:

Our services include:

  • The interpretations of laws, categorization, assessment, advance ruling, anti-profiteering, compliance technique, representations, dispute resolution strategy, tax technology, etc. are just a few examples of the types of GST-related advice that are available.
  • Handling complex GST compliance requirements with a GST compliance solution
  • Advice on the vendor reconciliations for claimed GST credits.
  • Advice on choosing the best valuation model for GST related party transactions that is consistent with the model used for transfer pricing regulations.
  • Assistance with adhering to the GST’s anti-profiteering regulations.
  • Examining contracts and agreements to see how they may be impacted by the GST from the standpoints of procurement, production, and distribution.
  • Analyzing the benefits and drawbacks of establishing EOUs, STP units, or SEZ units, and recommending a tax-effective structure.
  • Helps in the establishment and operation of EOUs, STP units, or SEZ units.

Our Experts

John Doe Managing Director
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John Doe Managing Director
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John Doe Managing Director
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John Doe Managing Director
Type here some info about this team member, the man very important person of our company.

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