GST Advisory and Compliance

The GST Advisory and Compliance services we offer include

1

GST Registration Assistance

  • Assisting businesses in determining their GST registration requirements based on turnover thresholds and business activities.
  • Guiding businesses through the GST registration process, including the preparation and submission of registration applications to the tax authorities.
2

GST Implementation and Structuring

  • Advising businesses on the GST implications of their business operations, transactions, and supply chains.
  • Providing guidance on GST implementation strategies, including structuring business operations to optimize GST compliance and minimize tax liabilities.
3

Tax Classification and Rate Determination

  • Assisting businesses in determining the correct classification and tax rate applicable to their goods and services under the GST regime.
  • Providing guidance on interpreting GST tariff codes, exemptions, and special provisions to ensure accurate tax determination.
4

Invoice and Accounting Systems Review

  • Reviewing businesses’ invoice formats, accounting systems, and processes to ensure compliance with GST invoicing and accounting requirements.
  • Providing recommendations for improving invoice formats, accounting systems, and internal controls to enhance GST compliance and efficiency.
5

GST Returns Preparation and Filing

  • Assisting businesses in preparing and filing GST returns, including GSTR-1 (outward supplies), GSTR-3B (summary return), and GSTR-9 (annual return).
  • Ensuring timely and accurate filing of GST returns to avoid penalties and interest charges.
6

Input Tax Credit (ITC) Review and Optimization

  • Conducting periodic reviews of businesses’ input tax credit (ITC) claims to identify eligible credits and minimize the risk of ITC reversals.
  • Providing guidance on optimizing ITC utilization and maximizing tax savings opportunities under the GST regime.
7

GST Compliance Audits and Reviews

  • Performing GST compliance audits and reviews to assess businesses’ compliance with GST laws, regulations, and procedures.
  • Identifying areas of non-compliance, risks, and opportunities for improvement, and providing recommendations for corrective actions.
8

GST Advisory and Training

  • Providing ongoing GST advisory services to businesses, including updates on GST law changes, regulatory developments, and compliance requirements.
  • Conducting GST training sessions and workshops for business owners, finance teams, and other stakeholders to enhance their understanding of GST laws, regulations, and compliance obligations.
9

Representation and Dispute Resolution

  • Representing businesses in GST assessments, audits, investigations, and disputes with tax authorities.
  • Providing support in responding to GST audit queries, attending hearings, and negotiating favorable outcomes with tax authorities.
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