Our GST consultancy services are designed to provide strategic guidance to clients, ensuring compliance, optimization, and efficiency within the Goods and Services Tax (GST) framework. These services include the following.
Transaction Advisory – We offer transaction advisory services, analyzing client operations and transactions from a GST perspective. This involves navigating the intricacies of applicable taxes and identifying tax benefits, exemptions, and set-offs to optimize GST incidence. We also conduct health checks and credit reviews to unearth planning opportunities, enhancing overall GST efficiency. Our expertise extends to conducting due diligence reviews to assess GST compliance and identify potential areas for improvement.
On-Call Advisory – We provide on-call advisory services to address specific GST queries raised by clients, offering prompt and precise guidance tailored to their needs.
GST Compliance Support – Navigating the complexities of GST compliance is crucial for businesses. We facilitate GST registration for clients, manage amendments to existing registrations, and provide support in obtaining additional registrations such as Input Service Distributor (ISD), Tax Deduction at Source (TDS), and Tax Collection at Source (TCS). Our services also encompass computation of monthly GST liability, preparation of GST returns (monthly, quarterly, annual), and assistance in furnishing documents like Letter of Undertaking (LUT) for export transactions. We represent clients in refund applications and liaise with relevant authorities to secure refunds efficiently.
GST Audit Assistance – Under the GST regime, entities with an aggregate turnover exceeding Rupees two crores are mandated to undergo audit by a Chartered Accountant or a Cost Accountant. We provide comprehensive support in conducting GST audits and ensuring compliance with regulatory requirements. Our services include assisting clients in preparing audited annual accounts, reconciling data per the prescribed format (FORM GSTR 9C), and facilitating seamless audit processes.
Representation Services – We represent clients in various indirect tax audits and assessments, advocating on their behalf before Indian Tax Authorities. Our adept team ensures thorough preparation and representation, safeguarding clients’ interests and fostering compliance with regulatory obligations.
