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| Due Diligence Services |
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| Goods and Service Tax (GST) is an indirect tax (or consumption tax) levied in India on the supply of goods and services. GST is levied at every step in the production process, but is refunded to all parties in the chain of production other than the final consumer. The tax came into effect from 1 July 2017. We assist our clients in undertaking GST compliances under the following legislations:
Centralized Goods and Services Tax Act, 2017;
Integrated Goods and Services Tax Act, 2017;
Relevant State Goods and Services Tax Act, 2017; and
Relevant Union Territory Goods and Services Tax Act, 2017 |
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We can assist our clients in:
A. GST compliances
- Assistance in obtaining GST registration
- Assistance in amendment of existing GST registration
- Assistance in computation of monthly GST liability
- Assistance in preparation/review of monthly GST return
- Conducting Annual Audits
- Assistance in indirect tax audits and assessments, including representation before the Indian Tax Authorities.
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B. GST advisory support
We can assist our clients in the below GST advisory services:
- Conducting a due diligence/health check reviews on the GST compliances and provide a platform for ways of efficient implementation of GST
- Assistance on smooth transition to GST
- Assistance related to processing of refund claims
- Customized internal trainings for organisational requirements for various departments like Finance, Taxation, Legal, sales, etc.
- Providing on-call advisory services on specific Indirect Tax queries raised by the clients from time to time
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