GOODS AND SERVICE TAX (GST)

GST, the biggest Indirect tax reform in India, has been made effective from 1 July 2017. Our services in relation to the GST inter alia include the following:

  • GST implementation services in case of newly set up organizations, review of the GST implementation in case of old organizations
  • Conducting Health Check / Credit reviews to identify planning opportunities and optimizing the overall indirect tax incidence;
  • Undertaking due diligence reviews, both sell side and buy side;
  • GST advisory services on all matters including stock transfers, classification, valuation, input tax credits, registration requirements, ISD, refunds, export benefits, cross charges, job work, reverse charge mechanism etc. The advisory inter alia include services such as supply chain cost optimization, review of contracts from GST perspective, recommendations on tax clauses, negotiations with vendors/ customers, drafting of indemnification clauses, advising on day to day GST issues, automation solutions in compliances, developing of SOPs for compliances
  • Advice on execution of turnkey projects / EPC Contracts involving planning at the pre-bidding stage, structuring of contracts, identification of tax optimization opportunities, devising the most tax efficient models and comprehensive range of compliance services subsequent to the bidding stage, etc
  • Conducting anti-profiteering studies and assistance in relation to anti-profiteering certification, assistance in relation to ITC – 02 certification for transfer of credit in case of sale, merger, de-merger, amalgamation etc of entity
  • End to end assistance in relation to GST enquiries and assessments, including representation before the Tax Authorities
  • Preparation of application for obtaining of advance ruling and representation before the Authority for Advance Ruling/ Appellate Authority of Advance Ruling
  • Drafting replies to show-cause notices and appeals, including representation before Adjudication and Appellate Fora
  • Complete outsourcing of GST compliances on presence across India basis such as obtaining registrations, periodic and annual compliances, preparing reconciliations, analysing eligibility of input tax credits etc
  • Assistance in relation to yearly GST Audits and credit reconciliations
  • Drafting, filing and processing of refund claims such as refund of unutilized credits in case of export of goods/ services, refunds in case of inverted duty structure, refund in case of export with payment of tax etc
  • Conducting trainings for clients and setting up GST help desks at client locations