Goods and Services Tax

Indirect tax regime in India is a complex affair, which has, to some extent, been addressed through implementation of Goods and Services Tax (‘GST’). The very fact that India is a federal country with separation of powers between central and state government and GST has subsumed 17 different taxes at central and state level, clearly indicates that it is one of the biggest tax reforms in India and worldwide and its structure is inherently complex. 

Our team of expert and experienced professionals can assist in ensuring statutory compliances under GST law and identifying threats and relevant opportunities in optimizing the overall tax incidence through innovative solutions.

Our service offerings include the following:

• Advisory on GST implications, compliances, procedural and documentation requirements on proposed business transactions and implementation support for new set-up.
• Health check-ups/diagnostic review to ensure compliances and highlighting exposure areas, optimization/incentive opportunities
• Evaluation of alternative modes of GST refunds and suggestion on most beneficial and optimum option.
• Support in GST audits and investigations conducted by the GST/Governmental authorities.
• Preparation and filing GST Registration application and obtaining registration certificate.
• Preparation and filing monthly and annual GST returns including finalization of input tax credit and output GST.
• Assistance in classification of product and services and applicable rates
• Determination of eligibility to claim any exemption, input tax credit and any other benefits
• Preparation and filing GST surrender application and obtaining closure including preparation and filing of Final Returns.
• Assessment support i.e., replying to show cause notices, attending personal hearings, preparation and filing of appeals etc.
• Preparation and filing application with Authority for Advance Rulings (‘AAR’) and representation thereon.