Goods and Services Tax is levied on supply of goods as well as services
I. Advisory Services
- Advising on classification of products/ services and applicable tax rates
- Advisory on day-to-day queries on GST laws and its impact on business transactions which may inter-alia include Eligibility of any exemptions under the law, Valuations of transaction, Eligibility of input tax credit, Place of supply, Time of Supply, any other issues
- Advise on documentation and record-keeping requirements
- Assistance in determining whether a particular transaction would qualify as export / import and determining the GST implications thereof
- Re-structuring business transactions to align with GST and prevent revenue leakage
- Advising on taxability of the proposed transactions
II. Litigation/ Representation support
- Drafting and filing of appeals, replies to show cause notices (SCNs), letters and other communications to the departmental authorities
- Assistance in representing the matter before the Adjudicating and Appellate Authorities including the Tribunal, High Courts and the Hon’ble Supreme Court of India
- Assistance in representation of issues before the Government, Concerned Ministry as well as the GST Council or Central Board for Indirect Taxes
III. GST Audit and Investigation support
- Providing assistance in audits or investigations initiated by the departmental authorities by way of providing legal and technical support until the closure of the audit / investigations
- Preparing responses to Audit Memos and Objections raised during the course of the Audit / Investigations supported by legal provisions and suitable judicial precedents
- Assisting clients in understanding the positions undertaken by the industry and helping them take appropriate calls with respect to Audit / Investigations Objections
V. GST Compliance Support – Returns & Refunds
- Assistance in preparation/review of periodical returns and computation of GST liability which includes determination of rate of tax, place of provision, point of taxation, abatement, valuation and availability of credit under GST
- Assistance in filing and obtaining refund of accumulated GST with respect of export of goods/services, inverted duty structure, excess payment of taxes etc. Ensuring minimum downtime in processing of refunds and realising them at the earliest.
- Regular sharing of knowledge with clients though emails, messages, or calls
- Assess the gap or identify flaws in the existing Client systems and processes and make recommendation for changes to improve efficiency
- Sharing of monthly status report on regular compliances and progress with the management of Client
- Assistance in obtaining GST Registration or Amendment in existing Registration
- Assistance in obtaining Letter of Undertaking (LUT)
