Goods & Service Tax Act (GST) is a Law in India which merged in it VAT, Service Tax, Excise, Octrai, Entry Tax etc and decrease cascading effect. GST Law comes in to effect from 1st of July 2017; it is a comprehensive destination-based tax that will levy on Centre and state levels at every value addition. Under destination based taxation, tax accrues or tax benefit goes to the destination place where consumption of the goods or services takes place. The earlier VAT regime was based on origin principle where Central Sales Tax was assigned to the State of origin where production or sale happened and not to the State where consumption happened.

Our GST team has been closely involved in monitoring the developments or changes on GST. We help businesses or corporate in forecast policy changes and assessing impact on their operations. We offer a bunch of specialised GST advisory services which includes analysing its impact on business of our clients, scenario analysis including alternative business models, legislative business level implementation assistance, transition management and undertaking key compliances including providing assistance and understanding how the new tax regime will impact your products, pricing, business compliances, profitability etc.

Our team of professionals will provide an in-depth analysis of GST and rendering services as:

  • Assisting entrepreneurs in understanding of procedural aspects and impact of GST
  • Registration under GST for all assessee including composition dealer
  • Preparation and filing of returns in GST including annual return
  • GST annual audit and compliance
  • Representation to tax authorities at various levels
  • Consulting retainer ship
  • Other GST compliances and consultancy services
  • Advance ruling to be obtained for a proposed transaction from the Authority for Advance Ruling (‘AAR’)
  • Representation before Government / tax bodies/ GST Council on a need basis