Services
GST
The Indirect Tax regime in India comprises a plethora of rules and regulations combined under the newly introduced regime of “Goods and Service Tax Act” which has replaced the several former taxes and levies which included: central excise duty, services tax, additional customs duty, surcharges, state-level value added tax and Octroi. Our specialist team stays abreast of all the developments on tax policies, administration and key judicial pronouncements, thereby identifying threats and opportunities for providing innovative tax solutions to our clients. In general, we advise and provide support to do each and everything with the compliance of Indian Indirect Tax Laws.
In the process of evolution, we can help you with
Compliance support/outsourcing:
Undertaking compliance functions i.e. obtaining GST registrations, verification of input tax credits, filing of monthly / quarterly /annual GST returns and all other compliances under GST either on support basis or complete outsourcing.
Consulting Retainer ship:
To solve all GST related queries by phone, e-mail or other mode of communication on real time basis acting as consulting retainer. Periodical review of business functions to assessee compliance level under GST, identifying the area of leakage of benefits and suggesting the ways to set them right.
Regulatory Issues:
Refund/rebate claim suggesting options for claiming refund/rebate benefits, assistance in preparing and filing necessary documentations and follow up with department to get the benefits.
GST Training:
We offer training to human resources of the organisation covering all or specific aspects of GST. The training program could be in the form of corporate training, business specific training, functional area training or workshop as per need of the client. We also provide training to departmental officers on specific requests.
GST Audit & Assurance:
Sec 35 (5) of the CGST requires the accounts to be audited under the CGST Act once turnover in a particular financial year crosses the prescribed limit, by a Chartered Accountant or a Cost Accountant. A report shall be required to be submitted in prescribed format. This is similar to provisions under the erstwhile VAT act. This means, irrespective of the taxable business, be it manufacturing, trading, services, renting; one shall have to get the audit done for GST, if it crosses the prescribed turnover.
Going with a team which has a good domain understanding, have seen different business models and possess deep auditing skills, would help corporates and multinational companies get early alerts about the issues, status of compliance and can help adopt to industry best practices. The audit exercise can also bring tax planning angle which was missed out while doing the routine compliance.
We have a full-fledged specialized audit team which is backed up by expert GST consultants so as to make available updated GST knowledge as and when need be with specialized experience in specific industry verticals like manufacturing, event management, IT consultancy, staffing, etc. Apart from this, the GST audits PAN India, if so need be can be handled with help of our affiliate network spread across various metros and small towns across India.
The services offered by us include:
- Conducting GST Audit
- Conducting special audit under GST
- Consultancy for preparation of Annual summary for the purpose of submitting to auditors
- Issuance of Various Certificates required under GST laws
- Access compliance with the Act & Rules
- Verify correctness of tax payment, refund claims, input tax credit availed, turnover declared
- Examine ( statutory) records, returns and other documents maintained under the Act
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