GST Services
1. Review Services
Since its implementation on July 1, 2017, the Goods and Services Tax (GST) has fundamentally transformed India's business landscape. This comprehensive tax reform has created significant opportunities for structured businesses to optimize tax liabilities and operational costs.
The GST framework offers advantages to formalized enterprises that can leverage its input tax credit mechanism and streamlined compliance structure. However, businesses also face notable challenges navigating this evolving regulatory environment, as the relatively new legislation continues to undergo frequent amendments at a rapid pace.
Organizations that can successfully adapt to these ongoing changes stand to gain competitive advantages in India's reformed tax ecosystem.
We offer specialized GST reviews focusing on specific operational areas critical to your business:
Functional Area Reviews Our team conducts targeted assessments of key business functions including sales operations, procurement processes, export transactions, input tax credit utilization, and refund mechanisms. These reviews address your organization's specific compliance needs and optimization opportunities.
Systems Evaluation Given the high automation requirements in GST compliance, we evaluate your existing systems, processes, and documentation workflows. Our assessment helps design robust frameworks that balance operational efficiency with comprehensive GST compliance requirements.
Contract Analysis We review your existing commercial agreements to ensure GST compliance while identifying opportunities for tax optimization. Our recommendations help structure agreements to maximize available benefits under the GST framework.
Transaction Support During business restructuring, our due diligence services identify potential tax exposures that could transfer to the acquiring entity. This becomes particularly critical when dealing with entities subject to multiple indirect tax jurisdictions or ongoing GST litigation.
Risk Identification Our tax specialists conduct thorough evaluations to highlight areas of non-compliance, quantify potential liabilities, and recommend remedial measures. Based on our findings, we can suggest alternative structuring strategies to optimize tax implications.
Departmental Audit Readiness With GST authorities intensifying audit activities and issuing notices at an increasing rate, proactive preparation is essential. Our team conducts pre-emptive reviews before departmental officers visit your premises, identifying high-risk areas requiring immediate attention to minimize litigation exposure.
Compliance Verification We assist professionals in fulfilling their expanded reporting obligations related to indirect taxation during statutory, tax, and internal audits. Our comprehensive compliance reviews enable auditors to meet their statutory requirements while potentially uncovering significant tax planning opportunities for clients.
2. Compliance & System Support
The management of indirect tax compliance in India presents significant challenges for businesses due to the intricate web of legislation, regulatory frameworks, and frequent amendments. While GST has consolidated numerous indirect tax laws, it introduces heightened compliance requirements through automated systems for returns, statements, notifications, and responses.
One particularly demanding aspect is the credit matching mechanism, where discrepancies can lead to credit rejection—making precision in compliance essential for all organizations. Our firm brings extensive indirect tax expertise to interpret and implement evolving GST requirements effectively. We deliver comprehensive compliance support to businesses across all sectors and sizes, with services characterized by:
Obtaining GST Registrations Due care needs to be taken while applying for registration to ensure smooth flow of business. Factors like type of registration, places of business to be added and additional information to be provided needs to be considered for registration. This necessitates assistance of professionals. The services include support in de-registration and surrendering of unwarranted registration as well.
We could support in obtaining the registration and resolving various associated issues, if any
GST return Filing Support There is a need to comply with input tax credit matching between books and GST portal and reverse charge payments as well. Managing these multiple tasks could be technically complex, time consuming and can involve unpredictable costs for a business.
Tax needs to be paid to government at the end of each tax period which requires identification of appropriate tax liability after adjusting eligible credits. There could be other multiple adjustments on account of non-monetary consideration, time of supply, related party implications, reverse charge liability etc.
Our firm offers support in GST return filing and tax payment which could following aspects:
- Review of GSTR returns for ensuring appropriate disclosure.
- Review of computation of GST output liability
- Review of eligibility of credits on sampling basis. Review of credit reversals.
- Review of computation of GST input tax credit claim and reversals under appropriate heads in GST portal
- Review of computation of GST under reverse charge mechanism
- Review interest computation due to delayed GST payment, non-payment to vendors
- Review of fulfilment of conditions for exemption / concessional rate of taxes
- Support in designing efficient accounting and support system so that information necessary for filing of return are available instantaneously.
- Assist in making payment after adjusting optimum eligible credits
Designing and Implementation of Standard Operating Procedures (SOP) for Indirect Taxes Organizations should not rely on individual expertise for critical indirect tax processes that impact virtually all business transactions. With today's high employee turnover rates across industries, comprehensive knowledge transfer has become increasingly challenging.
This reality underscores the importance of developing robust Standard Operating Procedures (SOPs) for indirect taxation to ensure business continuity and compliance excellence. Medium and large enterprises particularly benefit from standardized tax processes. Our experience in the diversified industries handling all indirect tax laws has put us in a niche position to serve in this area. It has been seen that wherever such procedures have been followed, it has resulted in significant decline in department actions.
3. GST Refunds We advise the client in classification of goods or services under proper categories and evaluate if they are entitled for refund under inverted duty structure, support them in computation of refund, filing of necessary documentations and follow up with department to ensure that they get the refund.
There could be other instances where refund could arise. We have separate dedicated team working on refund practice to support the client in making all necessary documentations, filing and follow up for claiming the refund. For example, excess payment of taxes on a transaction not leviable to GST; Credit notes unadjusted due to lack of outward liability, etc.
4. GST Advisory Services We assist in improving the performance and effectiveness of client's business by examining all the indirect tax aspects of core management and business process for further growth of the business.
- Advisory services under Goods & Services Taxes.
- Tax and Credit Optimization
- Analysis on the implications of GST for a specific client/industry and optimal solution to client issue.
- Maximization of input tax credit for the entities including those which have multiple units, multi-locational companies, many business verticals, SEZ, 100% EOU and DTA units.
- Value added consultancy including limited reviews of activities by way of credit availement, correct tax payments and availement of admissible exemptions.
- Vetting the agreements contracts in terms of GST optimization.
- Other value additive services such as classification of goods/services/tax rates and coverage in exemptions.
GST Consultancy Support Services in retainership model can be provided as follows: -
- Providing clarifications on matters concerning provisions or procedures of the GST laws, including transitional issues.
- Advise with respect to maintenance of records under GST legislation.
- Advise on the eligibility of input tax credit, wherever applicable.
- Guidance on returns filling and disclosure and clarifications to queries regarding filling up of returns.
- Sending regular updates including legal updates
- Vetting relevant agreements with customers/vendors from GST perspective
- Suggesting the accounting required to be maintained by the entity.
- Guidance on facing enquiry/ summons
- Drafting replies to department summons/communications
- Vetting documents to be submitted to dept
- Drafting replies to the audit points/objections raised.
- Reply to dept notices such as scrutiny notices, recovery notices etc [other than SCN onwards]
5. Litigation Support (Tax Dispute Resolution & Representation)
- Developing and implementing legal strategies for rapid resolution of disputes.
- Preparation, drafting, and filing of applications for Advance Rulings (AAR) and representation before the authorities.
- Drafting replies to show-cause notices and appeals, including representation before adjudication and appellate forums. We always look for opportunities of value addition to client in the course of handling show cause notice. We also attend personal hearing on behalf of client.
- Assisting in litigation before High Courts and the Supreme Court of India, including preparation of cases and coordination as well as briefing Senior Counsel.
- We suggest fair opinion to client whether the case is worth contesting or admit the audit objections / investigation points to avoid frivolous litigation.
6. GST Training
We support new businesses in managing GST and indirect taxes, helping them set up effective tax systems. This allows them to focus on business growth while we handle compliance. We offer training for all management levels to build a solid understanding of tax laws. This ensures accurate compliance and better decision-making across departments.
7. Opinion on GST Matters
We will provide you with a written opinion on nearly all matters contained in the GST Law, including place of supply, import of services and goods, reverse charge mechanism, TDS and TCS under GST, e-commerce supplies, multi-state registration, input tax credit, blocked credits, GST returns, and GST tariffs.