Goods & Services Tax (GST)
GST, the largest oblique tax reform in India, has been made effective from 1 July 2017. Our services in relation to the GST inter alia encompass the subsequent:
- GST implementation services in case of newly set up companies, review of the GST implementation in case of antique corporations
- Undertaking fitness test / credit score critiques to perceive making plans opportunities and optimizing the overall indirect tax prevalence;
- Project due diligence evaluations, each sell facet and buy aspect;
- GST advisory offerings on all matters consisting of inventory transfers, classification, valuation, input tax credit, registration requirements, ISD, refunds, export blessings, cross fees, job work, reverse price mechanism etc. The advisory inter alia encompass services which include supply chain price optimization, evaluate of contracts from GST attitude, pointers on tax clauses, negotiations with vendors/ customers, drafting of indemnification clauses, advising on day to day GST issues, automation solutions in compliances, growing of SOPs for compliances
- Advice on execution of turnkey initiatives / EPC Contracts concerning making plans at the pre-bidding level, structuring of contracts, identity of tax optimization opportunities, devising the maximum tax efficient fashions and complete variety of compliance services subsequent to the bidding degree, and so on
- Engaging in anti-profiteering studies and help in terms of anti-profiteering certification, help in relation to ITC – 02 certification for switch of credit score in case of sale, merger, de-merger, amalgamation and many others of entity
- Give up to give up help in relation to GST enquiries and checks, consisting of representation before the Tax government
- Coaching of application for acquiring of improve ruling and representation before the Authority for advance Ruling/ Appellate Authority of improve Ruling
- Drafting replies to show-purpose notices and appeals, along with illustration earlier than Adjudication and Appellate Fora
- Whole outsourcing of GST compliances on presence across India basis consisting of acquiring registrations, periodic and annual compliances, getting ready reconciliations, analysing eligibility of input tax credits etc
- Assistance on the subject of yearly GST Audits and credit score reconciliations
- Drafting, filing and processing of refund claims which includes refund of unutilized credit in case of export of products/ services, refunds in case of inverted responsibility structure, refund in case of export with charge of tax and so forth
- Accomplishing trainings for customers and putting in place GST help desks at purchaser places