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Goods & Services Tax (GST)

Goods and Services Tax (GST) services involve a range of activities to help businesses comply with GST regulations, manage their tax liabilities, and navigate the complexities of the GST system. Here are some key services that are typically offered in the realm of GST

  • Assisting businesses in obtaining GST registration, which is mandatory for certain businesses based on their turnover.
  • Providing advice on GST implications for business operations, including product pricing, supply chain structuring, and compliance requirements.
  • Ensuring that businesses comply with GST regulations, including filing timely returns, maintaining proper documentation, and adhering to invoicing requirements.
  • Handling the preparation and filing of GST returns, which may vary based on the nature of the business and the applicable GST regime.
  • Assisting businesses during GST audits, ensuring that the necessary documentation and records are in order, and representing them before tax authorities.
  • Advising businesses in planning their eligibility for claiming input tax credits, thus reducing their overall tax liability.
  • Assisting businesses in claiming GST refunds for eligible transactions, such as exports and inverted duty structures.
  • Conducting training sessions and workshops to educate businesses and their staff on GST regulations, compliance procedures, and updates.
  • Evaluating the impact of GST on a business's operations, identifying areas of concern, and proposing strategies for optimization.
  • Assisting businesses in making amendments to their GST registration details, such as changes in business structure, address, or contact information.
  • Advising businesses on anti-profiteering provisions, ensuring that benefits of reduced tax rates are passed on to consumers.
  • Conducting health checks and due diligence reviews to identify potential GST-related risks and areas for improvement in compliance.
  • Representing businesses in GST-related appeals and litigation, assisting in resolving disputes with tax authorities.
  • Assisting businesses in implementing customized GST-compliant software solutions for efficient management of GST-related processes.
 
     
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