GST Advisory
GST, being a transaction tax, involves frequent occurrence of interpretational issues across both the macro and micro levels. We provide below advisory services supported with legal backings to optimize taxability:
- Advising on day-to-day routine queries and transaction specific complex queries
- Advising on tax efficient business modelling or transaction structuring
- Advising on optimal valuation model for related party transactions under GST and aligning the same with the model adopted for transfer pricing provisions under income tax law
- Reviewing contracts from GST perspective
- On call advisory and written opinions
GST Compliances and Refunds
- Obtaining GST registration including ISD, TDS, TCS registrations
- Preparation and filing of periodic GST returns along with computation of tax liability and eligible input tax credits
- Reconciliation of input tax credit between GSTR-2A and books and account
- Preparation and filing of GST annual return
- Filing application for GST refund and replying to departmental queries thereof
GST Health Checks and Reviews
- Comprehensive GST health checks to identify tax optimization opportunities and timely identification of compliance gaps to avoid probable interest and penalties
- Review of GST compliances and documentation
- Review of litigative practices/positions to assess future risk
- GST/IDT due diligence as per the specific requirements
GST Departmental Audits
- Assisting clients during the GST departmental audits
Litigation Support
- Replies to show cause notices issued by tax authorities
- Appearance before various tax authorities
- Appeals before appellate authorities
GST Training
- Conducting sessions on GST law and updates thereof
- Conducting training sessions on GST compliances and documentation