We help clients in fulfilling all their compliances required under Goods and Services Tax (“GST”) laws. Compliances, inter-alia, include the following: –
Reviewing the accounting dataof client and check for GST compliance as per the tax laws.
Assisting clients in the Classificationof the transactions under the correct HSN/ SAC code for goods/ services.
Assessing potential impact of GST Lawson different business operations of the client. In other words, advising clients on the applicability of GST on various transactions undertaken or proposed to be undertaken.
Applying provisions related to place of supplyin client’s transactions and determining the correct type of tax (CGST & SGST or IGST) to be paid on the basis of classification under inter-state or intra-state supply.
Determining the time of supplyto eventually determining the tax period in which tax dues are required to be paid.
Preparation of tax invoices, bill of supply, credit notes, debit notes, etc. containing all the relevant details mentioned under the provisions of GST Rules.
Review of all invoices where the client himself prepares them.
Identification of invoices available for input tax creditwith respect to the relevant provisions.
Intimation for payment of taxesas per output liability of the clients.
Monthly reconciliations.
Determining the inputs, input services and capital goods on which taxes have been paid and creditof which are eligible to be taken and determining the reversals of input tax credit availed as per GST laws.
Determining the applicability of reverse charge mechanism.
Regular updates to clients in relation to notifications or circulars issued under GST laws for GST compliance.
Refundof the unutilized input tax credit (‘ITC’):
Discussing client in relation to the collection of relevant documents to be submitted for the claim of refund.
Preparation and filing of online application along-with filing of relevant documents against which refund is to be claimed.
Following up with the department for the finalization of refund claims.
Analysing the requirement of cross charge of expenses or common centralized services rendered, among multiple registrations taken by the client under same permanent account number.
On call Tax advisorywith respect to various queries and issues under the GST law.
Conducting Anti-profiteeringstudy
Analysing the books of accounts and relevant notifications issued under GST laws to check the applicability of the provisions of anti-profiteering on the client.
Assisting on any ongoing enquiry or investigation initiated.
Preparing and filing of E-Way Billsfor movement of goods.
