Indirect Taxation

Launched on July 1, 2017, GST is one of India’s largest tax reforms, which has subsumed various indirect taxes within itself. It is a single tax on the supply of goods and services, right from the manufacturer to the consumer. A robust and comprehensive IT system is at the core of successful implementation of GST regime in India. To cater to the complexities of Indirect Taxation our firm has created a talent pool which can provide seamless services.

The scope of services covers structuring of critical transactions, reviewing of contracts & agreements, advising on the applicability of GST, the filing of GST Returns, registration for GST. We provide specialized services of consultancy for maintenance of records as per GST requirements, advising on the utilization of Input Tax Credit. Our specialization is also in representing for assessments & appeals before various Government Authorities, Due Diligence on Indirect Tax aspects in the proposed takeover of business/companies.

  • Evaluation of Business Structure and Key Financial Transactions
  • Studying the current system of documentation followed for Inward and Outward Supply relating to the business of the entity.
  • Review of GST adoption by the entity along with Macro Analysis of the events falling within the ambit of GST
  • Validating transition of Tax Credits.
  • Review of documentation at various stages to assess proper capturing of levy of GST and the ITC available as per GST.
  • Review on sample basis contractual arrangements with suppliers/customers/sub-agents, with emphasis on their impact on GST compliance.
  • Reviewing reports generated through the IT system and ensuring its correctness from GST perspective.
  • Review of GST Calculations, GST Returns and Tax adjustments including reversals and RCM
  • Opinions on vexatious issues involving GST impact
  • Preparing applications for Advance Ruling Authority on issues requiring clarity for GST applicability
  • Ongoing advisory assignment along with regular scrutiny of transactions on test check basis to be GST compliant
  • Representation before government authorities (MVAT, Service Tax and GST)
  • Conducting GST Audit