Considered as one of the most significant and path-breaking tax reforms ever undertaken in the history of independent India, India embraced the Goods and Services Tax (GST), a landmark indirect tax reform from 1 July 2017.
What is GST?
GST is a transaction tax that subsumes most of the legacy indirect taxes levied by the Centre and States. This reform called for a significant realignment of operations including supply chain and logistics, pricing, procurements, accounting, and Information Technology (IT) systems.
A reform of this magnitude takes time to settle down in the overall system as the compliance and legislative processes require continuous amendments to weed-out difficulties. Thus requiring businesses to continuously adapt to the additional requirements necessitated by these amendments.
We developed a PAN-India GST team, which assists a diverse set of businesses in migrating to GST, ensuring a seamless transition to stay compliant without any business disruptions. We have also developed technology tools, which help businesses in managing timely and smooth compliances under the GST law and have obtained the accreditation as a GST Suvidha Provider (GSP), to assist clients with high volumes and diverse operations in meeting the GST compliances.
GST Advisory Services & Related Indirect Tax Advisory Services
A glimpse of the services offered by our GST and other Indirect tax Vertical in India is as below:
GST Registrations: Different types of registration under GST law such as normal (regular) taxpayer, Input Services Distributor, E-Commerce Operator (TCS), TDS, etc.
GST Audits and Certification: Conducting GST audits and Certifications thereafter.
GST Advisory Services & Consultancy: Our team of GST Consultants offers advisory services to Domestic / International Corporates and other non-resident taxpayers on monthly/quarterly/annual retainer ships.
GST Return Filing and Review: Assistance & support in advice, review & filing of regular returns (Monthly/Quarterly/Annual) under current GST law.
Compliances: Assistance, advice, and support in other compliances such as transitional forms, stock forms, cancellation return, surrender application, etc.
Refunds: Preparation, Filing, and Review of GST refund applications with supporting -annexures and related representation before the GST Department thereafter for refund application processing.
GST Reviews: GST reviews/diagnostics/health checks due diligence.
E-way bill: Advisory on E-way bill related rules & procedures and assistances in related compliance.
GST Certification: GST Certification from Chartered Accountant on Input Tax Credit Availment, Refund application, etc.
Legal Opinion: Written Legal Opinion on contemporary issues under GST law incorporating depth analysis of provisions, judicial precedents, cross-references to other relevant laws, etc.
Business Restructuring: GST Consultancy on business reorganizations such as merger & acquisitions, demerger, slump sale, amalgamation, etc.
Cross Border Transactions: GST Advisory and support in Cross Border transactions.
Valuation: Transaction Valuation under GST law and related certifications thereafter.
Anti-Profiteering: Advice and representation relating to Anti Profiteering enquiries and verifications.
GST Trainings: Tailor-made client & industry-specific training to employees, suppliers, and associations.
Departmental Audits: Assistance and support in audits undertaken by the department.
GST Advance Ruling: Preparation and filing of applications along with supporting with authority for advance ruling including representation thereafter.
Search and Seizure: Legal support in search, seizure, and inspection matters.
Investigations: Legal support in investigations and inquiries undertaken by Anti-Evasion and other authorities.
Litigations: Filing and Representation before various Tax Authorities in assessments, appeals, and against show-cause notices, up to CESTAT/GSTAT level.
GST Litigation Support: Litigation support before High Courts and Supreme Court.
Customs Duty Law: Compliances, Advisory, and Representations.
Impact of Covid-19 on Input Tax Credit availability, GST refund, and Compliance management.
