Indirect Direct Tax Services
We assist in regulatory compliances and advisory with respect to Goods & Services tax (GST). We advise on GST implications on transactional issues, cross border transactions, tax classification and transaction structuring for achieving tax efficiency.
GST compliance
- Collate data for preparation of applicable tax returns
- Set up a system or process to ensure data collation
- Ensure regular and timely compliance of tax payments and return filing
- Ensure compliance of similar tax requirements
GST planning and advisory
- GST /Indirect tax analysis on proposed transactions
- Tax neutralization / optimization advice
- Identify mechanism to optimize tax credits and reduce tax
- Agreement review/drafting
- Advice on setting up a business in tax efficient manner
GST audit
- Carrying out audit of GST compliance as per the statutory requirements
- Issuance of GST audit report in prescribed forms
GST health check and diagnostic review
- Examine applicability of GST/indirect taxes
- Reconciliation of Input tax credit availed with Input tax credit available.
- Examine eligibility of tax credits and export benefits (as applicable)
- Review statutory returns/ records and documentation
- Evaluate tax optimization opportunities
- Identify tax exposures and inefficiencies
